CPCemindia Projects509496QIP fundraising

Management Committee approves allotment of 1,26,35,379 QIP shares at ₹1,108.00 each

Cemindia Projects Ltd (formerly ITD Cementation India Ltd) has closed its qualified institutions placement.

By ScoutQuest · Mon 19 Oct 2026, 9:47 PM IST · 2 min read

QIP Issue Price

₹1,108.00 per share (including premium of ₹1,107.00)

QIP Shares Allotted

1,26,35,379 equity shares of face value ₹1 each

Discount to Floor Price

4.37%, i.e. ₹50.58 per share, to the floor price of ₹1,158.58

What was approved

The Management Committee of the board, at its meeting on October 19, 2026, approved the closure of the qualified institutions placement (QIP) of equity shares of face value ₹1 each. The closure followed receipt of application forms and funds in the escrow account from eligible qualified institutional buyers, as per the terms of the issue.

The same meeting determined and approved the allotment of shares, approved and adopted the placement document dated October 19, 2026, and finalised the confirmation of allotment note to be sent to the eligible qualified institutional buyers.

The key numbers

• ~1.26 crore equity shares of face value ₹1 each are to be allotted.
• Issue price is ₹1,108.00 per equity share, which includes a premium of ₹1,107.00 per share.
• This price reflects a discount of 4.37%, that is ₹50.58 per equity share, to the floor price of ₹1,158.58 per equity share.
• The floor price was arrived at using the formula prescribed under Regulation 176(1) of Chapter VI of the SEBI ICDR Regulations.

How a QIP works, in simple terms

A QIP is a way for a listed company to raise money by issuing fresh shares to institutions such as mutual funds, insurers and other qualified institutional buyers, rather than to the general public.

• Because new shares are created, the total number of shares in the company goes up. Existing shareholders therefore hold a smaller percentage of the company than before, which is what is meant by dilution.
• The shares are placed with institutional investors at a price that is allowed to be at a discount to a SEBI-defined floor price. Here that discount is 4.37%.
• Retail investors do not apply in a QIP and are not allotted shares in it.

Documents and next steps

• The placement document dated October 19, 2026 has been approved and adopted and will be made available on the company's website at the investors/QIP section.
• A confirmation of allotment note will be sent to the eligible qualified institutional buyers intimating them of the allotment.
• The equity shares described in the intimation have not been and will not be registered under the U.S. Securities Act of 1933, and no public offering of securities in the United States is contemplated.

What a retail shareholder may want to track

• The increase in the total number of shares, which is the direct measure of dilution from this issue.
• The 4.37% discount at which institutions are being allotted shares relative to the ₹1,158.58 floor price.
• The placement document itself, which sets out the full terms of the issue.

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