Shemaroo board approves Rs 15.51 cr preferential issue to promoters for debt repayment

QIP at a premiumFund Raising View source PDF Explain this filing

SHEMAROO · price

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Price reactionminutes from the announcement price · days from the prior close

-3.6%Reaction day

₹114.90

prior close

₹115.51

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-3.1% vs market

Media & Entertainment peers, median of 11sector-0.3%-3.3% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.3 pts less than its Media & Entertainment 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

+1.8

10m

+1.3

15m

+1.3

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6-0.5-3.1-0.3-3.3

Next day

-5.8-2.0-3.8-0.8-5.0

-8.2-2.7-5.5-1.2-7.0

-10.4-1.7-8.7-2.6-7.8

-13.8-1.4-12.4-3.8-10.0

-14.7-2.8-11.9-0.1-14.6

-13.4-2.8-10.6-1.9-11.5

15d

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UpDownMarket · Nifty Microcap 250Sector · Media & Entertainment peers, median of 11Pending

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

AI summary

Board approved issuance of 14,10,000 equity shares at Rs 110 per share (face value Rs 10, premium Rs 100) on preferential basis to Promoters and Promoter Group, aggregating Rs 15.51 crores. Allottees are Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, and Jai Buddhichand Maroo, each getting 3,52,500 shares. Proceeds will be used towards repayment of existing unsecured debt. Subject to shareholder approval via postal ballot.

Likely market impact

Mild dilution for public shareholders but reduces debt burden and shows promoter commitment to the company.