Allotment of 1.25 crore equity shares under rights issue at Rs 264 per share

Fund Raising View source PDF Explain this filing

RATNAVEER · price

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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

-7.5%Reaction day

₹311.00

prior close

₹310.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-7.6% vs market

Iron & Steel Products peers, median of 100sector-0.7%-6.7% vs sector

On the reaction day the stock moved 7.6 pts less than Nifty Microcap 250 and 6.7 pts less than its Iron & Steel Products 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

-1.4

10m

-1.8

15m

-2.8

30m

-3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.5+0.1-7.6-0.7-6.7

Next day

-6.8-3.2-3.7-3.1-3.8

-8.0-3.3-4.7-3.3-4.7

-2.4-2.5+0.1-2.6+0.3

-3.2-0.9-2.3-1.5-1.7

+7.4-1.1+8.4-1.9+9.3

+6.7+0.6+6.1-0.9+7.6

15d

+7.6-1.4+9.0-3.5+11.1

+6.4-3.3+9.7-3.6+10.0

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 100Pending

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

AI summary

Ratnaveer Precision Engineering allotted 1,24,99,669 equity shares of Rs 10 face value at Rs 264 each (premium of Rs 254) on a rights basis, raising about Rs 330 crores. Paid-up equity capital rose from 7.14 crore shares to 8.39 crore shares. Lapsed rights entitlements were also extinguished.

Likely market impact

Raises around Rs 330 crores for the company; non-subscribing shareholders will see their stake diluted.