Board allots equity shares and warrants worth about Rs 47 crore
PURPLEUTED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Board allotted 7,81,750 equity shares at Rs 360 each to 35 non-promoter investors, raising about Rs 28.14 crore. Also allotted 5,28,500 fully convertible warrants at Rs 360 each to 16 investors including 2 promoters, with 25 percent paid upfront and balance 75 percent due within 18 months. Total potential raise is about Rs 47.17 crore if all warrants convert. Promoter holding will dilute from 63.82 percent to 57.69 percent on a fully diluted basis.
Cash inflow of about Rs 28 crore now, up to Rs 47 crore if warrants convert. Promoter stake falls about 6 percent, increasing public holding.