Viji Finance allots 8.85 cr convertible warrants to non-promoters at Rs 2.80

Fund Raising View source PDF Explain this filing

VIJIFIN · price

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Price reactionminutes from the announcement price · days from the prior close

+3.8%Reaction day

₹3.95

prior close

₹3.98

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+2.7% vs market

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250, 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

+0.5

10m

+0.8

15m

+1.8

30m

+3.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+3.8+1.1+2.7

Next day

+8.9+1.6+7.3

+14.2+2.4+11.8

+19.7+3.3+16.5

+25.6+2.5+23.0

+31.6+2.4+29.2

+45.1+1.5+43.5

15d

+89.9+2.6+87.2

+113.2+2.2+111.0

+219.7+6.8+212.9

+272.4+5.9+266.5

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Viji Finance has allotted 8,85,00,000 convertible share warrants to 19 non-promoter allottees at Rs 2.80 per warrant, aggregating Rs 24.78 crores. The company received 25% upfront (Rs 6.195 crores), with the balance due within 18 months on conversion. Issue size was reduced from Rs 35.7 crores to Rs 24.78 crores after 3 proposed investors backed out. Allottees include HUFs and individuals; warrants carry SEBI lock-in.

Likely market impact

Issue downsized as 3 investors pulled out. Potential dilution exists if warrants convert to equity within 18 months.