Key Quantitative Figures
- Floor price for the QIP: ₹1,158.58 per equity share of face value ₹1 each
- Maximum permissible discount: Not more than 5% on the floor price
- Relevant date for pricing calculation: October 14, 2026
Dates of Action
- Board approval: July 23, 2026
- Shareholder approval via special resolution: August 17, 2026
- Management Committee meeting: October 14, 2026 (commenced at 6:25 PM, concluded at 6:41 PM)
- QIP opening authorized: October 14, 2026
- Preliminary placement document date: October 14, 2026
Parties Involved
- Issuer: Cemindia Projects Limited (formerly ITD Cementation India Limited)
- Book Running Lead Managers: SBI Capital Markets Limited, ICICI Securities Limited, and IIFL Capital Services Limited (formerly IIFL Securities Limited)
- Regulatory recipients: BSE Limited and National Stock Exchange of India Limited
Purpose and Process
The QIP is being conducted to raise funds through placement of equity shares to qualified institutional buyers. The final issue price will be determined by the Company in consultation with the BRLMs. The preliminary placement document will be filed with both stock exchanges and made available on the company's website at https://www.cemindia.co.in/investors/qip/.
Additional Information
The equity shares are not registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States without registration exemption. No public offering in the United States is contemplated.