QIP allotment: 8,54,700 equity shares at ₹ 21,060 each; issue size ₹ 17,99,99,82,000

QIP allotment completed — 8,54,700 equity shares allotted to eligible institutional buyers at ₹ 21,060 per share.

Sat 10 Oct 2026

Shares Allotted

8,54,700 equity shares

Issue Price per Share

₹ 21,060 per equity share

Total Issue Size

₹ 17,99,99,82,000

QIP allotment completed

The Listing and Fund Raising Committee, at its meeting held on October 09, 2026, approved the issue and allotment of 8,54,700 equity shares to eligible qualified institutional buyers under the qualified institutions placement. The issue opened on October 06, 2026 and closed on October 09, 2026.

Price and size

• Issue price: ₹ 21,060 per equity share.
• The price reflects a discount of ₹ 1,090 per equity share, or 4.92% of the floor price, as determined under the SEBI ICDR Regulations.
• Total amount for which the securities were issued: ₹ 17,99,99,82,000.

Share capital after the allotment

With this allotment, the paid-up equity share capital of the company stands increased to ₹ 15,84,72,490 and the number of equity shares stands at 1,58,47,249. A fresh issue of shares adds to the total number of shares in issue, so each existing share represents a smaller slice of the company than before. The shareholding pattern before and after the issue will be submitted along with the listing application.

Who took the shares

The allottees who received more than 5% of the shares offered in the issue are

• Smallcap World Fund, Inc, the largest allottee, with 1,64,230 shares, categorised as a foreign portfolio investor
• Fidelity Securities Fund: Fidelity Blue Chip Growth Fund, a foreign portfolio investor
• Fidelity Funds - India Focus Fund, a foreign portfolio investor
• Fidelity Rutland Square Trust II: Strategic Advisers Fidelity Emerging Markets Fund as managed by FIAM LLC, a foreign portfolio investor
• Fidelity Investment Trust: Fidelity Emerging Markets Fund, a foreign portfolio investor
• HDFC Mutual Fund - HDFC Defence Fund, a mutual fund
• HDFC Mutual Fund - HDFC Manufacturing Fund, a mutual fund

How this can be read

• A qualified institutions placement is a route by which shares are allotted to large institutional investors rather than to the general public.
• The allottee list comprises foreign portfolio investors and domestic mutual fund schemes, which is the participation recorded in the update; it is not a view on the company or its prospects.
• The shares were allotted at a discount to the floor price, which is the pricing outcome of the issue.
• The higher number of shares in issue is a dilution event for existing shareholders, while the issue brings fresh money into the company.
• The allotted shares are to be listed, and the shareholding pattern before and after the issue will be shared with the listing application.

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.