Unimech Aerospace board approves Rs 750 Crore QIP fundraise

Fund Raising View source PDF Explain this filing

UNIMECH · 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

+5.7%Reaction day

₹1267.90

prior close

₹1340.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+5.2% vs market

Aerospace & Defense peers, median of 24sector+0.1%+5.6% vs sector

On the reaction day the stock moved 5.2 pts more than Nifty Microcap 250 and 5.6 pts more than its Aerospace & Defense 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

+0.2

10m

-0.6

15m

-2.1

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.7+0.4+5.2+0.1+5.6

Next day

+5.9+1.7+4.2-0.3+6.2

+5.3+2.1+3.2+2.1+3.2

+14.0+2.1+11.9+1.6+12.4

+14.8+2.1+12.7+1.2+13.6

+12.0+1.9+10.1-0.1+12.1

+13.1+2.4+10.7+1.9+11.3

15d

+16.6+3.0+13.6+2.1+14.6

+18.3+3.7+14.6+2.8+15.5

+45.4+1.6+43.8-0.3+45.6

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UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 24Pending

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

AI summary

Unimech Aerospace and Manufacturing board approved raising up to Rs 750 crore via Qualified Institutions Placement (QIP). The funds will be raised through equity shares of face value Rs 5 and/or convertible securities, in one or more tranches. The issue is subject to shareholder approval at the upcoming AGM. Details on pricing and use of funds are not yet disclosed.

Likely market impact

QIP may dilute existing shareholders. Stock could face short-term pressure depending on the issue price. Await clarity on use of funds.