Purple United Sales allots shares worth Rs 28 cr and warrants worth Rs 19 cr via preferential issue
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.
Purple United Sales allotted 7,81,750 equity shares at Rs 360 per share to 35 non-promoter investors, raising Rs 28.14 crore. It also issued 5,28,500 fully convertible warrants at Rs 360 each to 16 investors (including 2 promoters), worth Rs 19.03 crore. Warrants require 25% upfront, balance 75% in 18 months. Total potential raise is about Rs 47 crore. Promoter holding will drop from 63.82% to 57.69% on full dilution.
Dilution of about 6% for existing shareholders as promoter stake falls; nearly Rs 47 crore to be raised for growth or working capital needs.