Sambhv Steel Tubes allots 86.95 lakh convertible warrants at Rs 115

Fund Raising View source PDF Explain this filing

SAMBHV · 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

-4.0%Reaction day

₹173.34

prior close

₹173.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%-2.3% vs market

Iron & Steel Products peers, median of 103sector-1.5%-2.5% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.5 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

-2.0

10m

-1.9

15m

-2.4

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0-1.7-2.3-1.5-2.5

Next day

-6.3-4.2-2.0-3.4-2.9

-8.0-5.2-2.8-5.0-3.0

-9.5-7.4-2.1-7.1-2.4

-8.8-7.0-1.7-8.2-0.5

-2.9pendingpending-5.5+2.6

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

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

AI summary

Sambhv Steel Tubes has allotted 86,95,400 fully convertible equity warrants at Rs 115 each on a preferential basis. Anjaneya Minerals (promoter group) received the biggest share at 66,08,600 warrants. The company received about Rs 25 crore as subscription money (25 percent of issue price). Warrant holders must pay the remaining Rs 86.25 per warrant within 18 months to convert into equity shares. No immediate change in paid-up capital.

Likely market impact

Potential equity dilution within 18 months on warrant conversion. Promoter group shareholding to rise slightly.