Tirupati Forge to issue 37 lakh warrants worth Rs 19.61 cr to promoters

Fund Raising View source PDF Explain this filing

TIRUPATIFL · 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

-2.0%Reaction day

₹68.39

prior close

₹69.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.7% vs market

Castings & Forgings peers, median of 22sector+0.5%-2.5% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.5 pts less than its Castings & Forgings 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

+3.1

10m

+0.9

15m

-0.6

30m

-2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.3-1.7+0.5-2.5

Next day

+4.3-0.1+4.4+2.1+2.2

+3.5-0.8+4.3-0.2+3.7

-3.1-2.8-0.3-1.7-1.5

-0.6-1.0+0.4-1.3+0.7

-0.3+0.4-0.7-1.3+1.0

+1.3-0.5+1.8-2.0+3.4

15d

+7.6-1.9+9.5-1.1+8.7

+7.5+0.4+7.0+0.7+6.8

+0.8+3.5-2.7+12.7-11.9

+7.7+2.0+5.7+7.1+0.6

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 22Pending

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

AI summary

Board approved issue of 37,00,000 convertible warrants at Rs 53 each on preferential basis to Promoter and Promoter Group, aggregating Rs 19,61,00,000. Issue price includes Rs 51 premium over face value of Rs 2. Buyers pay 25 percent upfront, balance on conversion within 18 months. Authorized capital also raised from Rs 26.50 cr to Rs 27.50 cr. EGM on July 31, 2026.

Likely market impact

Promoter infusion signals confidence. Warrants may dilute equity on full conversion. Shareholder approval pending at EGM on July 31.