Announced Fri, 11 Sept · 15:00 IST
Spectrum Electrical allots shares worth Rs 275 cr to HDFC MF and others on pref basis
SPECTRUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹2878.60
prior close
₹3022.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0—+10.2+7.7+6.0+6.5+10.9—————
Up moveDown movePending
AI summary
Spectrum Electrical allotted 13.73 lakh equity shares at Rs 2,002 each (premium Rs 1,992) totalling Rs 275 crore to 5 non-promoters including 3 HDFC Mutual Fund schemes, Valuequest India Inflexion Fund, and Minosha India. Also allotted 2.49 lakh convertible warrants to promoter Deepak Chaudhari at same price with 25 percent upfront. Total deal about Rs 325 crore. Promoter holding drops from 53 percent to 49.5 percent on diluted basis.
Likely market impact
Entry of marquee institutional investors like HDFC MF is a positive credibility signal. Expect promoter stake dilution and lock-in restrictions to apply on the new shares.