Key Quantitative Figures and Allotment Details

The management committee of the board of directors approved the allotment at its meeting held on October 19, 2026. The meeting commenced at 11:15 PM and concluded at 11:22 PM.

  • Number of Shares Allotted: 1,26,35,379 Equity Shares of face value ₹1 each.
  • Issue Price: ₹1,108.00 per Equity Share (including a premium of ₹1,107.00 per Equity Share).
  • Discount: ₹50.58 per share, representing a 4.37% discount on the floor price of ₹1,158.58.
  • Total Issue Proceeds: ₹1,400.00 Crore (Rupees Fourteen Hundred Crores only).
  • Issue Period: The QIP opened on October 14, 2026, and closed on October 19, 2026.

Capital Structure Impact

Pursuant to the allotment:

  • The issued equity share capital of the Company increased from ₹17.18 crore (comprising 17,18,12,844 Equity Shares) to ₹18.44 crore (comprising 18,44,48,223 Equity Shares).
  • The subscribed and paid-up equity share capital of the Company increased from ₹17.18 crore (comprising 17,17,87,584 Equity Shares) to ₹18.44 crore (comprising 18,44,22,963 Equity Shares).
  • A note clarifies that a difference of 25,260 shares between the issued and subscribed capital is due to shares being kept in abeyance from a previous rights issue.

List of Major Allottees

The disclosure includes Annexure A, listing allottees who were allotted 5% or more of the issue on a PAN-clubbed basis.

1. Motilal Oswal Mutual Fund (PAN Clubbed: 46.43%)

  • Motilal Oswal Flexi Cap Fund: 20,30,686 shares (16.07%)
  • Motilal Oswal Large and Midcap Fund: 20,30,686 shares (16.07%)
  • Motilal Oswal Small Cap Fund: 13,53,790 shares (10.71%)
  • Motilal Oswal Multi Cap Fund: 4,51,263 shares (3.57%)

2. Mirae Asset Mutual Fund (PAN Clubbed: 8.57%)

  • Mirae Asset Small Cap Fund: 5,19,855 shares (4.11%)
  • Mirae Asset Flexi Cap Fund: 5,63,177 shares (4.46%)

3. Tata Mutual Fund (PAN Clubbed: 5.71%)

  • Tata Infrastructure Fund: 1,26,353 shares (1.00%)
  • Tata Ethical Fund: 3,83,575 shares (3.04%)
  • Tata Business Cycle Fund: 2,12,093 shares (1.68%)

4. Bank of India Mutual Fund (PAN Clubbed: 5.71%)

  • Bank of India Large & Mid Cap Fund: 63,177 shares (0.50%)
  • Bank of India Manufacturing & Infrastructure Fund: 63,177 shares (0.50%)
  • Bank of India Balanced Advantage Fund: 18,051 shares (0.14%)
  • Bank of India Small Cap Fund: 3,24,910 shares (2.57%)
  • Bank of India Flexi Cap Fund: 90,252 shares (0.71%)
  • Bank of India Multi Cap Fund: 72,202 shares (0.57%)
  • Bank of India Value Fund: 90,252 shares (0.71%)

5. Aditya Birla Sun Life Mutual Fund (PAN Clubbed: 5.00%)

  • Aditya Birla Sun Life Small Cap Fund: 5,13,316 shares (4.06%)
  • Aditya Birla Sun Life Equity Savings Fund: 78,972 shares (0.63%)
  • Aditya Birla Sun Life Apex Hybrid Long-Short Fund: 39,485 shares (0.31%)

6. Invesco Mutual Fund (PAN Clubbed: 5.00%)

  • Invesco India Infrastructure Fund: 5,05,418 shares (4.00%)
  • Invesco India PSU Equity Fund: 1,26,354 shares (1.00%)

Disclaimer

The letter includes a standard disclaimer stating that the equity shares have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption.