NSE gives preliminary approval for premium share and warrant issue

Qip At PremiumFund Raising View source PDF Explain this filing

SUPREMEENG · price

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

-2.0%Reaction day

₹5.01

prior close

₹4.91

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.7%-3.7% vs market

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-2.0+1.7-3.7

Next day

-3.8+1.8-5.6

-5.6+2.5-8.1

-7.4pendingpending

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

NSE granted preliminary approval for Supreme Engineering to issue 280.97 million equity shares at Rs 2.60 each, including a Rs 1.60 premium over the Rs 1 face value, for up to Rs 73.05 crore. It also approved 145 million convertible warrants at the same price, worth up to Rs 37.70 crore. The total possible raise is Rs 110.75 crore, subject to other approvals and conditions.

Likely market impact

The potential capital raise is about Rs 110.75 crore, but new shares and warrant conversion may dilute existing holders. Other approvals and conditions remain pending.