Allotment of 22.28 lakh shares at Rs 1,670 under preferential issue

Qip At PremiumMarquee Qip InvestorFund Raising View source PDF Explain this filing

VENUSPIPES · price

Loading chart…

▲ 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

+3.3%Reaction day

₹1708.50

prior close

₹1782.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Iron & Steel Products peers, median of 104sector+2.7%+0.6% vs sector

On the reaction day the stock moved 0.6 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

+0.6

10m

+0.2

15m

+0.1

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3pendingpending+2.7+0.6

Next day

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

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

AI summary

The board allotted 22,27,544 equity shares at Rs 1,670 each, including a premium of Rs 1,660 per share, raising Rs 371.99 crore. The shares were issued to 18 non-promoter investors, including Ashoka, WhiteOak, Tata and Kotak Mahindra funds.

Likely market impact

Raises about Rs 372 crore and strengthens finances, but the higher share count may dilute existing shareholders' ownership and earnings per share.