BSE nod for preferential issue of 16.38 lakh shares and warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 3.9 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Stellant Securities received BSE in-principle approval for a preferential issue of 12,89,177 equity shares to non-promoters and 3,48,837 convertible warrants to promoters, both priced at not less than Rs.602 per share (face value Rs.10). Total potential capital raise is around Rs.9.86 crore. Allotment is subject to further SEBI compliance and post-issue listing formalities.
Positive: capital raise at a premium signals confidence. Watch for equity dilution and timely completion of allotment formalities.