BSENarmada Macplast Drip Irrigation Systems Ltd· Industrial ProductsHighNeutral
Announced Mon, 2 Mar, 2026 · 15:52 IST

As per the attachment

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-5.1%Reaction day
₹22.19
prior close
₹22.65
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-2.4% vs market
Plastic Products - Industrial peers, median of 37sector-1.9%-3.2% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 3.2 pts less than its Plastic Products - Industrial 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
5m
-4.6
10m
-5.1
15m
-6.8
30m
-6.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-5.1-2.7-2.4-1.9-3.2
Next day
+1.3-1.6+2.9-1.3+2.6
2d
-0.0-1.7+1.7-0.9+0.9
3d
-0.9-4.3+3.5-4.0+3.2
4d
+1.2-2.1+3.3-0.7+1.9
5d
+0.5-2.2+2.7+0.7-0.2
1w
-20.6-5.3-15.3-3.7-16.9
15d
-25.5-3.9-21.6-6.6-18.8
1m
-17.9-3.4-14.5-6.7-11.3
2m
+2.6+11.9-9.3+0.7+1.9
3m
-6.8+14.7-21.5-1.5-5.2
UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 37Pending

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

AI summary

Narmada Macplast Drip Irrigation Systems Ltd has filed the Draft Letter of Offer for a proposed Rights Issue with BSE on March 2, 2026. The company plans to issue equity shares of face value Rs. 2 each, on a rights basis to existing shareholders, for an aggregate amount of up to Rs. 50 crores. The exact issue price, share premium, and rights entitlement ratio are yet to be finalised (left blank in the draft). The shares are currently listed on BSE (Code: 517431), with Cameo Corporate Services as the registrar to the issue and ICICI Bank as the banker. Brickwork Ratings India has been appointed as the monitoring agency for the issue proceeds.

Likely market impact

Existing shareholders will be offered the right to subscribe to additional shares in proportion to their current holdings, though the exact ratio and price are not yet disclosed. If shareholders do not exercise their rights, their stake in the company will be diluted post-allotment. The use of proceeds and precise terms will become clear once the final Letter of Offer is filed.