SK Minerals corrigendum to EGM notice on Rs 218.35 crore preferential warrants issue

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

+0.5%Reaction day

₹377.00

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-0.5% vs market

Specialty Chemicals peers, median of 93sector+0.3%+0.3% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.3 pts more than its Specialty Chemicals 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+1.0-0.5+0.3+0.3

Next day

+0.8+1.2-0.4+0.0+0.8

-3.2+2.1-5.3+1.0-4.2

+0.8+1.7-0.9+0.9-0.1

+0.0+1.9-1.9+0.8-0.8

+1.1+1.2-0.2+0.5+0.5

+3.4+1.1+2.4-0.4+3.9

15d

+29.2+1.6+27.6+2.3+26.9

+18.1+0.1+18.0-0.6+18.7

+20.9+6.6+14.2+5.6+15.3

+29.4+5.5+24.0+4.9+24.6

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 93Pending

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

AI summary

SK Minerals issued corrigendum to July 9 EGM notice for preferential allotment of 55 lakh convertible warrants at Rs 397 each (Rs 387 premium), raising about Rs 218.35 crore. Promoter group gets 28 lakh warrants (Rs 111.16 crore); 85 non-promoter allottees get 27 lakh warrants (Rs 107.19 crore). BSE sought clarifications, now incorporated. Issue price unchanged. Post-issue promoter holding falls from 73.53% to 66.52%.

Likely market impact

Preferential warrants issue will dilute promoter holding from 73.5% to 66.5% post conversion. Raises about Rs 218 crore from promoters and select investors.