Board approves preferential allotment of 8.33 lakh shares at Rs 180 each

Fund Raising View source PDF Explain this filing

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

+0.2%Reaction day

₹256.55

prior close

₹261.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+1.7% vs market

Iron & Steel Products peers, median of 104sector-0.6%+0.7% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 0.7 pts more 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

+3.1

10m

+2.3

15m

+2.3

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-1.5+1.7-0.6+0.7

Next day

-5.2-1.2-4.0-0.4-4.8

-6.5-2.8-3.7-2.4-4.1

-11.1-1.8-9.4-1.7-9.4

-11.7-2.0-9.7-1.9-9.8

-17.0-3.3-13.7-3.1-13.9

-20.8-2.0-18.8-2.7-18.1

15d

-24.0-3.9-20.0-4.3-19.7

-20.8-10.7-10.1-11.5-9.3

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

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

AI summary

Board approved allotment of 8,33,331 equity shares at Rs 180 each (face value Rs 10, premium Rs 170) on preferential basis, raising about Rs 15 crore from 5 investors. Two promoter group entities (Hanuman Freight and Skyrise Mercantile) and three non-promoters received the shares, subject to SEBI lock-in rules. Convertible warrants were not issued as one proposed allottee did not provide funds.

Likely market impact

Raises about Rs 15 crore from promoter group and others, signaling promoter confidence but diluting existing shareholders by around 8.33 lakh shares.