Raymond gets NSE/BSE approval for 66.57 lakh warrants to promoter

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

-2.5%Reaction day

₹611.00

prior close

₹607.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-0.4% vs market

Industrial Products peers, median of 128sector-1.9%-0.6% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.6 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

-0.1

10m

+0.7

15m

+2.0

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-2.0-0.4-1.9-0.6

Next day

+2.1-0.1+2.3-0.4+2.5

+3.2+1.2+2.0-0.0+3.2

+2.3+1.4+0.9+0.3+2.0

+1.1+0.4+0.8-0.6+1.7

-0.4+1.0-1.4-0.0-0.3

-1.1-0.5-0.5-1.1+0.1

15d

-3.9-0.6-3.4-1.9-2.1

+2.6+3.4-0.8+0.2+2.4

+40.2+6.0+34.2+0.4+39.8

+91.4+1.1+90.3-2.8+94.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 128Pending

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

AI summary

Raymond Limited has received in-principle approval from both BSE and NSE for issuing 66,57,373 convertible warrants to the promoter on a private placement basis. Each warrant is convertible into one equity share of Rs. 10 face value at a price of not less than Rs. 497. The company must now complete allotment and file a listing application within 20 days, along with compliance with SEBI ICDR rules.

Likely market impact

Promoter stake will rise once warrants are converted, leading to potential dilution for existing shareholders.