QIP Details
Type of Issuance: Equity Shares of face value ₹5 each.
Total Amount Raised: ₹200,000,2950 (Approximately ₹200 crore based on 22,98,850 shares at ₹8700 per share).
Number of Securities Issued: 22,98,850 Equity Shares.
Face Value and Issue Price: Face Value: ₹5 per share. Issue Price: ₹8700 per share, which includes a premium of ₹8695 per share.
The issue price represents a discount of ₹266.13 per share (equivalent to 2.97%) on the floor price, as permitted under SEBI ICDR Regulations.
Names of Allottees: Not disclosed in the document. Allottees are referred to as eligible Qualified Institutional Buyers (QIBs).
Timeline and Approval References:
- Board Approval: Obtained on 16th May, 2026.
- Shareholder Approval: Special Resolution passed at an Extra-Ordinary General Meeting on 13th June, 2026.
- SEBI ICDR Regulations: The QIP was conducted under Chapter VI of these regulations.
- Fund Raising Committee (FRC) Meeting for Opening: 15th June, 2026.
- Issue Opening Date: 15th June, 2026.
- FRC Meeting for Closure: 18th June, 2026, commencing at 9:45 PM and concluding at 9:55 PM.
- Issue Closure Date: 18th June, 2026.
Purpose of the QIP: The specific purpose for raising capital is not disclosed in this document.
Post-QIP Shareholding Pattern: Not disclosed in this document.
Other Announcements in the Document
The document does not contain any unrelated announcements such as changes in management, auditors, legal updates, or other price-sensitive disclosures. It is solely focused on the QIP closure and related compliance.