Allotted 17.54L equity shares and 3.95L convertible warrants on preferential basis

QIP at a premiumFund Raising View source PDF Explain this filing

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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

+2.3%Reaction day

₹56.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+0.9% vs market

Auto Components & Equipments peers, median of 117sector+0.6%+1.7% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.7 pts more than its Auto Components & Equipments 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

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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

+2.3+1.4+0.9+0.6+1.7

Next day

+0.4+1.5-1.1+0.8-0.5

-0.4+0.5-0.9+0.0-0.4

-2.5+1.1-3.6+0.2-2.7

-3.0+0.7-3.7+0.6-3.7

-5.3-0.4-4.8-0.0-5.2

-3.6+0.5-4.1+0.7-4.3

15d

-1.8+0.1-1.9+0.2-2.0

-0.9+3.5-4.4+2.3-3.3

-8.6+5.8-14.4-0.2-8.3

-5.3+2.4-7.6-0.9-4.3

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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

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.