In-Principle Approval for Preferential Issue of Shares and Warrants

Fund Raising View source PDF Explain this filing

SPECTRUM · 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

-1.3%Reaction day

₹2138.00

prior close

₹2138.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-0.3% vs market

Industrial Products peers, median of 137sector-0.5%-0.8% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.8 pts less than its Industrial 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

+0.1

10m

-1.3

15m

-1.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-1.0-0.3-0.5-0.8

Next day

+0.1-1.5+1.7-1.0+1.1

+5.5-0.9+6.5+0.1+5.4

+10.8-0.3+11.1+0.6+10.2

+16.3+0.1+16.2+1.2+15.1

+22.1+0.7+21.5+2.3+19.8

+34.6+0.3+34.3+1.9+32.7

15d

+51.6+1.0+50.6+2.0+49.6

+80.8-2.4+83.2+0.8+80.1

—————

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 137Pending

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

AI summary

Spectrum Electrical Industries got in-principle approval from NSE and BSE for a preferential issue of 13,73,625 equity shares at Rs 2,002 each (about Rs 275 crore) to non-promoters and 2,49,750 convertible warrants at Rs 2,002 each (about Rs 50 crore) to promoters. Total issue size about Rs 325 crore. Warrants can later be converted into equity shares.

Likely market impact

Issue will dilute existing shareholders. Promoters subscribing to warrants signals confidence. Total raise about Rs 325 crore.