Board approves up to Rs 114 Cr warrants issue on preferential basis

Fund Raising View source PDF Explain this filing

TEMBO · 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

+2.5%Reaction day

₹60.90

prior close

₹61.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.5% vs market

Iron & Steel Products peers, median of 98sector+0.1%+2.4% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.4 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

+0.3

10m

+1.7

15m

+3.3

30m

+2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5-0.1+2.5+0.1+2.4

Next day

+1.8-0.2+2.0-0.2+2.0

+0.3+0.1+0.2-0.6+0.9

-2.1+0.3-2.4-0.7-1.4

+0.2+0.4-0.2-0.4+0.6

-1.1+0.5-1.6-0.4-0.7

-1.5+0.3-1.8-0.9-0.6

15d

-4.8+1.9-6.6+1.9-6.6

-6.4+2.2-8.6+4.5-10.9

-9.0-1.2-7.9+0.2-9.2

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

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

AI summary

Tembo Global Industries board approved raising up to Rs 114 Crores via issue of up to 2 Crore convertible warrants at Rs 57 each on a preferential basis. Each warrant is convertible into 1 equity share within 18 months from allotment. Promoters will get 1.4 Crore warrants (about Rs 79.8 Crores), non-promoter investors 60 Lakh warrants (about Rs 34.2 Crores). EGM set for September 4, 2026 to seek shareholder approval.

Likely market impact

Fundraise of up to Rs 114 Cr via warrants may dilute equity upon conversion. Promoter participation signals confidence in the business.