Announced Wed, 22 Jul · 18:22 IST
Allotment of 16.84 crore Rights Equity Shares completed
Corporate Actions View source PDF
SUMEETINDS · price
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Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹31.87
prior close
₹30.28
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-9.7-14.2————————
Up moveDown movePending
AI summary
Sumeet Industries allotted 16,84,24,217 Rights Equity Shares at Rs. 11.86 each (face value Rs. 2). Total issue size is about Rs. 199.77 crore. Post-allotment, paid-up equity capital rose from Rs. 105.26 crore to Rs. 138.95 crore. Share count increased from 52.63 crore to 69.47 crore shares.
Likely market impact
Capital raised without debt. Share count rises about 32 percent, likely diluting EPS. Non-subscribing shareholders see stake dilution.