QIP closes; committee approves allotment of 8,54,700 equity shares at ₹ 21,060 apiece

QIP closed October 09, 2026.

Sat 10 Oct 2026

Equity Shares Allotted

8,54,700 equity shares

Issue Price

₹ 21,060 per equity share

Discount to Floor Price

₹ 1,090 (4.92%) to the floor price of ₹ 22,150

What the company told the exchanges

PTC Industries Limited has informed the stock exchanges about the outcome of a meeting of its Listing and Fund Raising Committee held on October 09, 2026, in respect of a qualified institutions placement (QIP) of equity shares of face value ₹ 10 each to qualified institutional buyers.

The issue opened on October 06, 2026. The committee approved its closure on October 09, 2026, after the receipt of application forms and funds in the escrow account from eligible qualified institutional buyers, in accordance with the terms of the issue.

The allotment

• Equity shares allocated: 8,54,700
• Issue price: ₹ 21,060 per equity share
• Floor price: ₹ 22,150 per equity share
• Discount to the floor price: ₹ 1,090 per equity share, i.e. 4.92%
• Premium over face value: ₹ 21,050 per equity share

The price was determined under the formula prescribed in Regulation 176(1) of Chapter VI of the SEBI ICDR Regulations, and the discount to the floor price worked out to 4.92%.

Other resolutions passed

• The committee approved and adopted the placement document dated October 09, 2026.
• It approved and finalised the confirmation of the allocation note to be sent to eligible qualified institutional buyers, intimating them of the allocation.
• The company will file the placement document dated October 09, 2026 with BSE Limited and the National Stock Exchange of India Limited.

The meeting

The committee meeting commenced at 10:00 pm and concluded at 10:30 pm.

What a QIP is, in simple terms

A qualified institutions placement is a route through which a listed company issues new equity shares to large institutional investors such as mutual funds, insurers and foreign institutional investors, instead of to the general public.

Here, the shares were allotted at ₹ 21,060 each. Since the face value of each share is ₹ 10, the balance of ₹ 21,050 per share is a premium.

The two things investors usually look at in a QIP outcome are the price at which institutions bought — compared with the floor price set under the rules — and the number of new shares issued. Both are stated above, so the outcome can be judged on the facts as disclosed.

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