Board approves Rs 214.71 Cr preferential warrants to Minerva Ventures Fund

Fund Raising View source PDF Explain this filing

RAYMOND · 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

-5.3%Reaction day

₹856.85

prior close

₹834.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-5.1% vs market

Industrial Products peers, median of 132sector+0.5%-5.8% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.8 pts less than its Industrial 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

-3.5

10m

-3.8

15m

-4.5

30m

-5.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.3-0.2-5.1+0.5-5.8

Next day

-0.8-0.3-0.5-0.2-0.7

+17.1-0.2+17.3-0.4+17.5

+16.0-3.5+19.5-2.4+18.5

+16.5-3.6+20.1-3.0+19.5

+13.7-2.8+16.6-1.8+15.5

+28.7-1.4+30.1-1.4+30.1

15d

+39.5-3.0+42.5-3.1+42.6

+38.2-4.4+42.6-2.8+41.0

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 132Pending

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

AI summary

Raymond board approved issuing 33,28,686 convertible warrants to Minerva Ventures Fund at Rs 645 each (Rs 635 premium), totalling about Rs 214.71 crore. On full conversion, Minerva will hold 4.35 percent on a fully diluted basis. Warrants convert into equal equity shares within 18 months; unconverted ones lapse and the upfront amount is forfeited. Needs shareholder and other regulatory approvals.

Likely market impact

Dilution of about 4.35 percent on full conversion; signals growth funding, subject to shareholder nod.