Key Quantitative Figures
- Floor price for the QIP: ₹883.67 per equity share (face value ₹10 each)
- Maximum permissible discount: Not more than 5% on the floor price
- Relevant date for pricing: 04th August 2026
Dates of Action
- Board approval: 20th November 2025
- Shareholder approval (special resolution): 18th December 2025
- Fund Raising Committee meeting: 04th August 2026 (8:00 pm to 9:17 pm)
- QIP opening date: 04th August 2026
- Trading window closure: From 04th August 2026 until 48 hours after determination of issue price
Parties Involved
- Fund Raising Committee of the Board
- Book Running Lead Manager (to be consulted for final price determination)
- BSE Limited
- National Stock Exchange of India Limited
Purpose/Rationale
The QIP is being conducted for fundraising purposes as approved by the board and shareholders.
Capital Structure Impact
The issuance will result in dilution of existing shareholding through placement of new equity shares to qualified institutional buyers.
Additional Information
The preliminary placement document dated 04th August 2026 and application form were approved and filed with the stock exchanges. The final issue price will be determined in consultation with the book running lead manager and will not be less than the price determined in accordance with SEBI ICDR Regulations pricing formula.