Allotment of ~1.26 crore equity shares to qualified institutional buyers at ₹1,108.00 each
~1.26 crore equity shares of face value ₹1 each allotted to eligible qualified institutional buyers.
By ScoutQuest · · 2 min read
- Issue Price
- ₹1,108.00 per share, including a premium of ₹1,107.00
- Total Amount Raised
- ₹1,400.00 Crore
- Shares Allotted
- ~1.26 crore equity shares of face value ₹1 each to eligible qualified institutional buyers
Fund raise completed
The management committee of the board, at its meeting held on October 19, 2026, approved the allotment of ~1.26 crore equity shares of face value ₹1 each to eligible qualified institutional buyers under a qualified institutions placement.
Pricing and size
- Issue price: ₹1,108.00 per equity share, including a premium of ₹1,107.00 per equity share.
- This reflects a discount of ₹50.58, or 4.37%, on the floor price of ₹1,158.58.
- Total amount raised: ₹1,400.00 Crore.
- The issue opened on October 14, 2026 and closed on October 19, 2026.
What changes for existing shareholders
The issued equity share capital rises from ₹17.18 crore, comprising 17,18,12,844 equity shares of face value ₹1 each, to ₹18.44 crore, comprising 18,44,48,223 equity shares of face value ₹1 each.
- The subscribed, issued and paid-up equity share capital rises from ₹17.18 crore, comprising 17,17,87,584 equity shares, to ₹18.44 crore, comprising 18,44,22,963 equity shares.
- The difference of 25,260 equity shares between the issued and subscribed capital is due to shares kept in abeyance pursuant to the rights issue undertaken by the company.
- Because new shares are being issued, the total number of shares in the company goes up, so each existing share represents a smaller slice of the company.
Who was allotted the shares
- Motilal Oswal Mutual Fund schemes together: 58,66,425 shares, 46.43% of the total issue size.
- Mirae Asset Mutual Fund schemes together: 10,83,032 shares, 8.57%.
- Tata Mutual Fund schemes together: 7,22,021 shares, 5.71%.
- Bank of India Mutual Fund schemes together: 7,22,021 shares, 5.71%.
- Aditya Birla Sun Life Mutual Fund schemes together: 6,31,773 shares, 5.00%.
- Invesco Mutual Fund schemes together: 6,31,772 shares, 5.00%.
In simple terms
A qualified institutions placement sells new shares to large institutional buyers, here entirely domestic mutual fund schemes, as per the list of allottees holding five percent or more of the shares offered. The company receives ₹1,400.00 Crore of fresh money at ₹1,108.00 per share. In return, the number of shares in the company increases, which is what the rise in share capital figures above shows. The meeting of the management committee commenced at 11.15 p.m. and concluded at 11.22 p.m.
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More numbers
- Equity shares allotted1,26,35,379
- Issue price per equity share₹1,108.00
- Total amount raised₹1,400.00 Crore
- Discount to floor price4.37%
- Floor price per equity share₹1,158.58
- Paid-up equity share capital after allotment₹18.44 crore
- Shares allotted to Motilal Oswal Mutual Fund schemes58,66,425
- Motilal Oswal share of total issue size46.43%
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