QIP opened; floor price fixed at ₹1,158.58 per equity share
Cemindia Projects Ltd has opened a qualified institutions placement 🏛️ The floor price is ₹1,158.58 per equity share (face value ₹1 each) and the company may offer a discount of not more than 5% on it.
By ScoutQuest · · 2 min read
- Floor Price
- ₹1,158.58 per equity share
- Maximum Discount
- not more than 5% on the floor price
- Face Value
- ₹1 each
What has been informed
Cemindia Projects Ltd has told the exchanges that its Management Committee, at its meeting held on October 14, 2026, has authorised the opening of a qualified institutions placement (QIP) of equity shares of face value ₹1 each.
At the same meeting, the committee approved and adopted the preliminary placement document dated October 14, 2026 and the application form connected with the issue.
Price and the discount window
The relevant date for the issue is October 14, 2026. The floor price calculated under the pricing formula is ₹1,158.58 per equity share. The company may, at its discretion, offer a discount of not more than 5% (five percent) on that floor price.
The issue price will be determined by the company in consultation with the book running lead managers.
- Floor price: ₹1,158.58 per equity share
- Maximum discount on the floor price: 5%
- Face value: ₹1 per equity share
Who is running the issue
SBI Capital Markets Limited, ICICI Securities Limited and IFL Capital Services Limited (formerly known as IFL Securities Limited) have been appointed as the book running lead managers.
The preliminary placement document dated October 14, 2026 will be shared with BSE Limited and the National Stock Exchange of India Limited, and a copy will also be available on the company's website.
The approvals behind it
The board of directors approved the issue at its meeting held on July 23, 2026, and members passed a special resolution on August 17, 2026. The Management Committee meeting that approved the opening of the issue commenced at 6.25 p.m. and concluded at 6.41 p.m.
One more point
The equity shares described 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.
How to read this
A QIP is a route for a listed company to raise money by issuing shares to large institutional investors. The floor price is the minimum price at which the shares can be offered, and the discount window means the final price can be at or below that level, within the stated cap. The shares being issued carry a face value of ₹1 each.
Also from Cemindia Projects
Cemindia Projects Ltd: promoter discloses a shareholding transaction
23 Oct 2026
Allotment of ~1.26 crore equity shares to qualified institutional buyers at ₹1,108.00 each
19 Oct 2026
Management Committee approves allotment of 1,26,35,379 QIP shares at ₹1,108.00 each
19 Oct 2026
More numbers
- Face value per equity share₹1
- Floor price per equity share for the issue₹1,158.58
- Maximum discount on the floor price5%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.