Announced Thu, 9 Jul · 18:57 IST
Allotted 17.54L equity shares and 3.95L convertible warrants on preferential basis
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
+0.4%1-day move
₹56.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.4-0.4-2.5-3.0-5.3-3.6————
Up moveDown movePending
AI summary
Board allotted 17,54,384 equity shares at Rs. 57 each (Rs. 47 premium over face value) to non-promoter investors, raising about Rs. 10 crores. Also issued 3,94,735 convertible warrants to promoter group at Rs. 57 each, with 25 percent upfront, total size about Rs. 2.25 crores, convertible into equity within 18 months. Paid-up capital rises from Rs. 15.10 crores to Rs. 16.85 crores.
Likely market impact
Equity dilution of about 11.6 percent. Promoter group subscribing to warrants shows confidence. Warrants conversion later could add further supply pressure.