QIP Allotment of 1,81,10,473 Equity Shares at Rs. 165.65 Each, Raising Rs. 299,99,99,852.45
The company has allotted 1,81,10,473 equity shares to 20 qualified institutional buyers at Rs. 165.65 per share (premium Rs. 155.65), raising Rs. 299,99,99,852.45.
- Shares Allotted
- 1,81,10,473 equity shares
- Issue Price
- Rs. 165.65 per share (premium Rs. 155.65)
- Total Funds Raised
- Rs. 299,99,99,852.45
- Paid-up Capital After Allotment
- Rs. 419,60,25,180 (41,96,02,518 shares)
- Number of Qualified Institutional Buyers
- 20
What happened
The Operations Committee of the Board approved the issue and allotment of 1,81,10,473 Equity Shares to 20 qualified institutional buyers under a Qualified Institutions Placement (QIP) that opened on 24th September, 2026 and closed on 29th September, 2026.
Pricing
- Issue price: Rs. 165.65 per Equity Share, including a premium of Rs. 155.65 over the Rs. 10 face value.
- Floor price: Rs. 174.36 per Equity Share.
- Discount: Rs. 8.71 per Equity Share, i.e. 5% of the floor price, the maximum allowed under SEBI ICDR Regulations.
- Total raised: Rs. 299,99,99,852.45.
Effect on share capital
Paid-up equity share capital increases from Rs. 401,49,20,450 to Rs. 419,60,25,180, made up of 41,96,02,518 Equity Shares of Rs. 10 each. New shares issued to institutions expand the share count, so existing holders' proportionate stake reduces, while the company receives fresh cash.
Who got the shares (above 5% of the issue)
- Bandhan Small Cap Fund: 45,00,000 shares, 24.85% of the allotment (Mutual Fund)
- Leading Light Fund VCC - The Vintage: 30,18,412 shares, 16.67% (FPI)
- India Opportunities Growth Fund Ltd - Pinewood Strategy: 21,14,631 shares, 11.68% (FPI)
- Elm Park Fund Limited: 18,11,047 shares, 10.00% (FPI)
- ITI group funds (PAN clubbed): 18,11,047 shares, 10.00% (Mutual Funds)
- Societe Generale - ODI: 11,55,822 shares, 6.38% (FPI)
Other details
The trading window, closed from 24th September, 2026, will reopen on 2nd October, 2026. The shareholding pattern before and after the Issue will be submitted along with the listing application.
How to read it
A QIP brings in institutional money without bank borrowing, and participation by well-known mutual funds and foreign portfolio investors signals institutional interest. The flip side is dilution for existing shareholders and a price set slightly below the regulatory floor.
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More numbers
- Equity shares allotted1,81,10,473 Equity Shares
- Number of QIBs allotted20 qualified institutional buyers
- Issue price per shareRs. 165.65 per Equity Share
- Premium per shareRs. 155.65 per Equity Share
- Discount per share to floor priceRs. 8.71 per Equity Share
- Discount to floor price5% of the floor price
- Floor priceRs. 174.36 per Equity Share
- Total amount raisedRs. 299,99,99,852.45
- Paid-up capital before issueRs. 401,49,20,450
- Paid-up capital after issueRs.419,60,25,180
- Total shares after issue41,96,02,518
- Bandhan Small Cap Fund share of allotment24.85
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