Announced Tue, 14 Jul · 16:28 IST
NIBE allots 2.4 lakh shares on warrant conversion at Rs 1,258
NIBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹1595.00
prior close
₹1595.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.7+1.8+2.2+2.1-3.4-6.2-2.1-2.8-3.8-5.9————
Up moveDown movePending
AI summary
NIBE Limited has allotted 2,40,500 equity shares of Rs 10 face value at Rs 1,258 each to Eminence Global Fund PCC (Eubilia Capital Partners Fund I) on conversion of warrants issued earlier on a preferential basis. The allottee paid the remaining 75 percent of the subscription money. Paid-up share capital rose from Rs 15.26 crore to Rs 15.50 crore, with total shares now standing at 1,55,01,773.
Likely market impact
Slight equity dilution from warrant conversion. A single institutional investor fully converted, indicating commitment at the Rs 1,258 price level.