Name change to Raj Industries plus preferential share and warrant allotment

Fund Raising View source PDF Explain this filing

ROML · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹44.10

prior close

₹45.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+0.7% vs market

Edible Oil peers, median of 23sector+0.1%+1.9% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.9 pts more 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+1.3+0.7+0.1+1.9

Next day

+1.8+0.0+1.7-0.1+1.9

+2.3+0.5+1.8+1.5+0.8

+2.5-0.1+2.6+0.4+2.1

+0.7+1.0-0.4+0.6+0.1

+0.9+2.4-1.5+1.8-0.9

+1.0+4.1-3.1+2.6-1.5

15d

-0.1+5.1-5.1+2.5-2.6

-7.3+5.8-13.1+0.2-7.5

-2.5+4.5-7.1+1.2-3.8

-6.1-2.4-3.7-4.6-1.5

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

Board approved changing company name from Raj Oil Mills to Raj Industries, subject to MCA and member approvals. Allotted 10 lakh equity shares at Rs 46 each (face value Rs 10, premium Rs 36), raising Rs 4.60 crore from six non-promoter allottees. Also allotted 10 lakh convertible warrants at Rs 46 each, with 25 percent upfront raising Rs 1.15 crore; balance Rs 34.50 per warrant due within 18 months. Paid-up equity capital rises from Rs 14.99 crore to Rs 15.99 crore.

Likely market impact

Equity dilution of about 6.7 percent from preferential issue. Name change hints at a possible business pivot beyond edible oils.