MIRC Electronics allots 8.89 crore shares in preferential issue

Fund Raising View source PDF Explain this filing

MIRCELECTR · price

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

+4.5%Reaction day

₹24.65

prior close

₹25.77

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+3.9% vs market

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250, 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 market

Reaction day

+4.5+0.7+3.9

Next day

+1.6+0.1+1.5

+6.9-1.0+7.9

+11.3-0.0+11.3

+16.9+0.5+16.4

+14.5+0.0+14.5

+15.6+2.1+13.6

15d

+11.1+2.9+8.2

+3.9+0.4+3.5

+0.2-5.0+5.2

+29.2-7.1+36.3

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

MIRC Electronics allotted 88,949,900 fully paid shares at Rs 16.81 each to four investors, raising Rs 149.52 crore. Paid-up share capital rose from 28.04 crore shares to 36.94 crore shares, a 31.7% increase. The new shares rank equally with existing shares.

Likely market impact

The 31.7% rise in share count dilutes existing shareholders, while the fresh capital may support growth and create stock pressure.