SETL allots 24.4 lakh shares on preferential basis to non-promoters

Fund Raising View source PDF Explain this filing

SETL · 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

-0.1%Reaction day

₹360.00

prior close

₹367.60

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.8% vs market

Industrial Products peers, median of 131sector+0.0%-0.1% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.1 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

-0.3

10m

+0.3

15m

+0.1

30m

-2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+0.7-0.8+0.0-0.1

Next day

-4.2-1.0-3.2-1.2-3.0

-9.2-3.6-5.7-4.2-5.0

-7.2-4.5-2.7-4.7-2.5

-6.9-6.8-0.2-7.1+0.2

-2.5-6.4+3.9-7.3+4.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

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

AI summary

Standard Engineering Technology allotted 24,39,750 equity shares at Rs 293 each (including Rs 283 premium) on a preferential basis to non-promoter investors AGI Group Holdings Inc (22,77,100 shares) and Monoflus Pte Ltd (1,62,650 shares), raising about Rs 71.48 crore. Shares rank pari passu with existing equity and are subject to lock-in as per SEBI ICDR rules.

Likely market impact

About 1.2 percent equity dilution for existing shareholders; two new non-promoter investors take stake in the company.