QIP closed; 43,26,507 shares allotted at ₹3,467 each
QIP closed on Sept 25, 2026.
By ScoutQuest · · 1 min read
- Equity Shares Allocated
- 43,26,507 equity shares
- Issue Price
- ₹3,467 per share
- Face Value
- ₹1 per share
- Floor Price
- ₹3,648.43 per share
- Discount to Floor Price
- 4.97% (₹181.43 per share)
What happened
The QIP Committee met on September 25, 2026 and approved the closure of the company's qualified institutions placement, after receiving application forms and funds in the escrow account from eligible qualified institutional buyers.
Issue terms
- Equity shares allocated: 4,326,507, face value ₹1 each
- Issue price: ₹3,467 per share, including a premium of ₹3,466 per share
- Floor price: ₹3,648.43 per share
- Discount: ₹181.43 per share, i.e. 4.97% to the floor price
The issue price was determined under the formula prescribed in the SEBI ICDR Regulations for QIPs.
Other approvals
- Adoption of the Placement Document dated September 25, 2026
- Finalisation of the Confirmation of Allocation Note to be sent to eligible qualified institutional buyers
The Placement Document has been shared with the exchanges and is available on the company's website.
What it means
A QIP raises fresh capital from institutional investors by issuing new shares. New shares increase the total share count, which dilutes existing shareholders' proportionate holding, while the company receives the funds raised.
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QIP allotment of 43,26,507 shares at ₹3,467 each raises about ₹15,000 million
25 Sep 2026
QIP Closed: 43,26,507 Shares Allotted at ₹3,467 Each, 4.97% Discount to Floor Price
25 Sep 2026
More numbers
- Equity shares allocated4,326,507 Equity Shares
- Issue price per share₹ 3,467 per Equity Share
- Face value per shareface value of ₹1 each
- Discount per share to floor price₹181.43 per Equity Share
- Discount to floor price4.97%
- Floor price per share₹ 3,648.43 per Equity Share
- Premium per sharepremium of ₹3,466 per Equity Share
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