Intimation of Preferential Issue of Equity Shares and Convertible Warrants

Warrants ConvertedFund Raising View source PDF Explain this filing

ROML · price

Loading chart…

▲ 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

-1.2%Reaction day

₹45.55

prior close

₹46.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-1.9% vs market

Edible Oil peers, median of 23sector+0.5%-1.7% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.7 pts less than its Edible Oil 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

Stock

-0.1

10m

-1.2

15m

-1.2

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.7-1.9+0.5-1.7

Next day

+2.2+0.9+1.3+1.9+0.3

+1.7+0.6+1.1+2.4-0.7

+7.5-0.8+8.3+0.9+6.6

+0.4-0.4+0.7+1.6-1.2

-0.1+0.2-0.3+0.5-0.6

+0.5+1.4-0.9+0.0+0.5

15d

+3.6+4.2-0.6-1.5+5.1

+0.0+6.3-6.2-2.4+2.5

-1.6+11.3-12.9-4.6+3.0

-0.0+14.0-14.0-3.2+3.2

UpDownMarket · Nifty Microcap 250Sector · Edible Oil peers, median of 23Pending

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

AI summary

Raj Oil Mills Ltd's Board has approved a preferential issue raising up to Rs. 9.2 crore through two instruments: up to 10 lakh equity shares and up to 10 lakh convertible warrants, both priced at Rs. 46 per security (face value Rs. 10 plus premium Rs. 36). The issue is to 7 non-promoter investors including individuals and Glassil Industries LLP. The warrants are convertible into equity shares within 18 months from allotment date, and if not converted, the upfront consideration paid by warrant holders will be forfeited. Upon full conversion of both instruments, the company's paid-up equity capital will increase from Rs. 14.99 crore to Rs. 16.99 crore.

Likely market impact

This preferential issue will dilute existing shareholders by approximately 13.3% upon full conversion of warrants. The company is raising fresh capital from non-promoter investors, which could provide liquidity but may exert short-term downward pressure on the stock price due to dilution.