Promoter preferential allotment completes

Fund Raising View source PDF Explain this filing

VASWANI · 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

+2.4%Reaction day

₹40.51

prior close

₹42.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.3%+4.8% vs market

Ferrous Metals peers, median of 23sector · industry level-2.8%+5.3% vs sector

On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 5.3 pts more than its Ferrous Metals 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

+0.1

10m

-2.0

15m

-2.0

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4-2.3+4.8-2.8+5.3

Next day

+3.2-1.9+5.2-2.8+6.0

+1.6-0.2+1.8-0.4+2.0

+0.0pendingpending-1.0+1.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Ferrous Metals peers, median of 23Pending

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

AI summary

The board allotted 16,45,000 fully paid equity shares at Rs 60 each to seven promoter and promoter-group family allottees, receiving Rs 9.87 crore in cash. The shares carry Rs 50 premium and rank equally with existing shares. Paid-up shares rose from 32,94,61,153 to 34,59,11,153, with an 18-month lock-in.

Likely market impact

Existing holders face about 4.8% dilution, while the company gains Rs 9.87 crore of cash and higher paid-up capital.