Max Estates allots 11.41 lakh shares on warrant conversion at Rs 657 each

Warrants ConvertedFund Raising View source PDF Explain this filing

MAXESTATES · price

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Price reactionminutes from the announcement price · days from the prior close

+3.2%Reaction day

₹463.00

prior close

₹467.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+2.5% vs market

Residential Commercial Projects peers, median of 60sector+1.2%+2.0% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.0 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.2+0.7+2.5+1.2+2.0

Next day

-0.4+0.1-0.6+0.0-0.5

+0.2-1.0+1.2-1.5+1.8

+1.8-0.0+1.8+0.1+1.7

+2.6+0.5+2.1+0.5+2.1

+4.2+0.0+4.2+0.2+4.0

+2.2+2.1+0.1+2.0+0.2

15d

+4.8+2.9+1.9+4.4+0.3

+3.2+0.4+2.8+1.1+2.1

-1.3-5.0+3.6-5.3+4.0

-9.7-7.1-2.6-9.5-0.2

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Max Estates allotted 11,41,552 equity shares to Sunil Vachani after he converted 11,41,552 warrants and paid the remaining Rs 56.25 crore. The shares were issued at Rs 657 each, Rs 647 above face value, and rank equally with existing shares. Paid-up capital rose to Rs 16.22 crore; promoter holding fell from 45.24% to 44.92%. A regulatory lock-in applies.

Likely market impact

Each existing holder now has a slightly smaller ownership percentage. The company received Rs 56.25 crore, and the new shares cannot be freely sold immediately.