Allotment of 31.75 Cr Convertible Warrants on Preferential Basis

Fund Raising View source PDF Explain this filing

STEELXIND · 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

+1.1%Reaction day

₹9.70

prior close

₹9.88

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+0.1% vs market

Iron & Steel Products peers, median of 103sector+0.0%+1.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 1.1 pts more than its Iron & Steel 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

+0.9

10m

-0.6

15m

-1.4

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+1.1+0.1+0.0+1.1

Next day

+6.8+2.4+4.4+1.0+5.8

+9.1+2.1+6.9+0.8+8.2

+2.6+0.7+1.9-0.1+2.7

+2.9+3.1-0.2+1.6+1.3

+3.1+3.0+0.1+1.9+1.1

+3.1+2.6+0.5+1.0+2.1

15d

+8.0+3.2+4.9+1.0+7.0

+3.3+3.8-0.5-0.3+3.6

+36.5+13.1+23.4+3.1+33.4

+23.2+13.0+10.2-0.1+23.3

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

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

AI summary

Steel Exchange India allotted 31,74,60,300 convertible equity warrants at Rs. 9.45 each (face value Re. 1, premium Rs. 8.45) to two non-promoters—India Coke and Power Pvt Ltd and IMR Steel Pvt Ltd (15.87 cr warrants each). Total issue size ~Rs. 300 cr; 25% (Rs. 74.99 cr) received upfront. Warrants convertible into equity within 18 months on payment of balance 75%. Lock-in as per SEBI ICDR rules. No immediate change in paid-up capital.

Likely market impact

Potential equity dilution once warrants convert within 18 months. Rs. 300 cr preferential raise from two non-promoter entities; full cash inflow depends on conversion.