Globus Spirits Limited has completed a Qualified Institutions Placement (QIP) of equity shares, raising ₹200 crore. The Fund Raising Committee of the board of directors approved the allotment at its meeting held on August 6, 2026, which commenced at 07:30 PM and concluded at 08:55 PM.
Key Transaction Details
- Type of Security: Equity shares of face value ₹10 each
- Type of Issuance: Qualified Institutions Placement
- Number of Shares Allotted: 23,80,952 equity shares
- Issue Price: ₹840 per equity share (including a premium of ₹830 per share)
- Discount: ₹43.67 per share (4.94% discount to the floor price of ₹883.67)
- Total Issue Size: ₹20,000 lakh (₹200 crore)
- Issue Period: Opened on August 4, 2026 and closed on August 6, 2026
Capital Structure Impact
The allotment has increased the company's paid-up equity share capital:
- Pre-Issue Capital: ₹29,08,03,410 comprising 2,90,80,341 equity shares
- Post-Issue Capital: ₹31,46,12,930 comprising 3,14,61,293 equity shares
Major Allottees (Over 5% of Issue Size)
The following qualified institutional buyers were allotted more than 5% of the total issue:
1. Massachusetts Institute of Technology: 10,44,295 shares (43.86% of issue) - Foreign Portfolio Investor (Corporate)
2. 238 Plan Associates LLC: 3,85,935 shares (16.21% of issue) - Foreign Portfolio Investor (Corporate)
3. India Capital Growth Fund Limited: 3,09,523 shares (13.00% of issue) - Foreign Portfolio Investor (Corporate)
4. Alchemy Long Term Ventures Fund Series 3: 1,19,047 shares (5.00% of issue) - Alternative Investment Fund
Documentation
The disclosure includes enclosed documents:
- Annexure A (list of allottees receiving more than 5%)
- Certified copy of the Fund Raising Committee resolution