Sambhv Steel clarifies NSE queries on preferential warrants issue

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SAMBHV · 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

+16.9%Reaction day

₹128.43

prior close

₹129.08

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+15.3% vs market

Iron & Steel Products peers, median of 100sector+0.0%+16.9% vs sector

On the reaction day the stock moved 15.3 pts more than Nifty Microcap 250 and 16.9 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

+1.0

10m

+1.2

15m

+2.2

30m

+3.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+16.9+1.6+15.3+0.0+16.9

Next day

+20.6+1.5+19.1+0.3+20.3

+19.2+1.9+17.3+0.6+18.5

+22.7+3.2+19.5+1.0+21.6

+18.7+1.7+17.0+0.9+17.8

+23.6+2.0+21.6+1.0+22.6

+25.6+1.4+24.2-0.1+25.7

15d

+25.2-0.8+26.0-2.3+27.5

+29.6-2.5+32.1-3.0+32.6

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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

Sambhv Steel Tubes has clarified NSE observations on its proposed preferential issue of about 86.95 lakh fully convertible equity warrants at ₹115 each, with a ₹105 premium over the ₹10 face value. The 90-day VWAP is ₹112.18 and 10-day VWAP is ₹114.33. Issue price remains unchanged. The company also clarified that SEBI Regulation 166A does not apply as the allotment causes no change in control and stays within 5 percent of post-issue capital.

Likely market impact

Potential dilution once warrants are converted; pricing at slight premium to recent VWAP is broadly neutral for existing shareholders.