Board approves preferential issue of 3.33 cr convertible warrants at Rs 4.50

Fund Raising View source PDF Explain this filing

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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

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₹3.50

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+0.6% vs market

Logistics Solution Provider peers, median of 44sector-0.1%+0.1% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.0-0.6+0.6-0.1+0.1

Next day

-1.1+0.0-1.2+0.5-1.7

+2.0+0.7+1.3+1.2+0.8

-2.9+1.1-4.0+0.6-3.4

+0.6+1.6-1.1+0.0+0.5

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+4.3+1.4+2.9-0.3+4.5

15d

-2.0+0.4-2.4-1.1-0.9

-5.7-1.4-4.3-3.8-1.9

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 44Pending

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

AI summary

Shipwaves Online board approved issuing up to 3.33 crore convertible warrants at Rs 4.50 each, totalling about Rs 15 crore. Warrants carry a premium of Rs 3.50 over face value of Rs 1. Promoter group entity Mukka Proteins gets 2.93 crore warrants; two non-promoters get 20 lakh each. 25 percent payable upfront, balance on conversion within 18 months. Needs shareholder approval at AGM on September 30, 2026.

Likely market impact

Fund raise via warrants will dilute equity on conversion. Most warrants go to promoter group, signalling promoter commitment. Shareholder approval pending.