Preferential issue of 29.47 lakh equity shares at Rs 20 each to non-promoters

QIP at a premiumFund Raising View source PDF Explain this filing

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

+5.0%Reaction day

₹143.35

prior close

₹150.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+6.6% vs market

Other Textile Products peers, median of 188sector-0.5%+5.5% vs sector

On the reaction day the stock moved 6.6 pts more than Nifty Microcap 250 and 5.5 pts more than its Other Textile 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

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0-1.6+6.6-0.5+5.5

Next day

+10.2-0.6+10.8-1.3+11.5

+15.7-0.8+16.6-1.2+17.0

+21.5-2.1+23.6-2.4+23.9

+27.6-2.1+29.7-2.6+30.2

+33.2-0.8+34.1-1.4+34.7

+20.3-3.8+24.1-3.1+23.3

15d

-16.8-6.9-9.9-5.1-11.7

-21.1-8.0-13.1-6.5-14.6

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 188Pending

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

AI summary

Board approved issuing up to 29,47,271 equity shares at Rs 20 each (face value Rs 10) to non-promoter public category for cash, raising up to Rs 5.89 crore. Also approved 29.09 lakh shares via share swap to promoters for acquiring 100% of Tusaldah Ventures Pvt Ltd, 63.5 lakh convertible warrants at Rs 20 each, and raising authorised share capital from Rs 8.5 crore to Rs 18.5 crore.

Likely market impact

Equity dilution expected; company raising around Rs 5.89 crore in cash and acquiring Tusaldah Ventures via share swap.