ALAegis Logistics500003QIP fundraising

Fund Raising Committee approves floor price of ₹ 1,161.85 per equity share for proposed QIP

Aegis Logistics' Fund Raising Committee met on November 11, 2026 and approved a floor price of ₹ 1,161.85 per equity share (face value ₹ 1 each) for the proposed qualified institutions placement.

By ScoutQuest · Wed 11 Nov 2026, 9:30 PM IST · 2 min read

QIP Floor Price

₹ 1,161.85 per equity share

Face Value

₹ 1 each

Maximum Discount

not more than 5% on the floor price

What was approved

• The Fund Raising Committee, at its meeting on November 11, 2026, approved a floor price of ₹ 1,161.85 per equity share of face value ₹ 1 each for the proposed qualified institutions placement (QIP).
• The floor price has been arrived at using the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations.
• The committee approved and adopted the preliminary placement document dated November 11, 2026, together with the application form of the same date, to be sent to eligible qualified institutional buyers for inviting bids and receiving application amounts.
• It also authorised the opening of the issue on November 11, 2026.

The discount window

• The company may, at its discretion, offer a discount of not more than 5% on the floor price so calculated, in line with the approval of shareholders through the special resolution passed on October 21, 2026.
• The final issue price will be determined by the Fund Raising Committee in consultation with the book running lead managers appointed for the issue.
• So the floor price is the base from which bidding starts; the actual price at which shares are allotted can differ, within that discount limit.

How this stage was reached

• The board of directors approved the fundraising at its meeting held on September 28, 2026.
• Shareholders then passed a special resolution on October 21, 2026.
• November 11, 2026 is also the 'relevant date' for determining the floor price, in terms of Regulation 171(b)(i) of the SEBI ICDR Regulations, being the date of the committee meeting at which it decided to open the issue.

What a QIP means for a reader

• A QIP is a way for a listed company to raise money by selling shares to large institutional investors such as mutual funds, insurers and foreign institutional investors, rather than to the public at large.
• Because the shares are issued to institutions, the price is discovered through a bidding process around the floor price instead of a fixed public offer price.
• The floor price of ₹ 1,161.85 is the reference point investors can use to judge where the eventual issue price lands.

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