Board approves preferential issue worth about Rs 99 crore, hikes capital

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹624.05

prior close

₹655.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.6% vs market

Other Financial Services peers, median of 81sector+0.7%+4.2% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 4.2 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+5.0+1.3+3.6+0.7+4.2

Next day

+10.2+0.0+10.2-0.1+10.3

+15.7+0.5+15.2-0.0+15.8

+21.5-0.1+21.6+0.9+20.7

+27.6+1.0+26.6+0.9+26.6

+34.0+2.4+31.6+1.9+32.0

+47.7+4.1+43.6+1.9+45.8

15d

+60.1+5.1+55.0+1.2+58.8

+76.7+5.8+70.8-0.1+76.8

+50.8+4.5+46.3-2.1+52.9

+47.3-2.4+49.6-6.4+53.7

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 81Pending

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

AI summary

Board approved raising authorized capital from Rs 7 crore to Rs 17 crore. Approved preferential issue of 3,48,837 warrants (Rs 21 crore) to promoter group at Rs 602 each and 12,99,143 equity shares (Rs 78.21 crore) to 50 non-promoter public investors at Rs 602 each. Total raise about Rs 99.21 crore, subject to shareholder approval. Warrants convertible within 18 months with 25 percent upfront.

Likely market impact

Significant equity dilution expected from preferential issue. Promoter group also participating via warrants. Shareholder approval pending.