Quantitative Details

The Fund-Raising Committee approved the allotment of 26,60,753 Equity Shares of face value ₹10 each to eligible Qualified Institutional Buyers (QIBs) at an issue price of ₹2,255 per share (including a premium of ₹2,245 per share).

  • Issue Price: ₹2,255 per share (₹10 face value + ₹2,245 premium)
  • Floor Price: ₹2,189.73 per share (as calculated under SEBI ICDR Regulations)
  • Total Issue Size: ₹599,99,98,015 (Five hundred ninety-nine crore ninety-nine lakh ninety-eight thousand and fifteen rupees)

Timeline and Approvals

  • Board Approval: July 24, 2026
  • Shareholder Approval: Special resolution passed on August 21, 2026
  • QIP Opening Date: September 10, 2026
  • QIP Closing Date: September 16, 2026
  • Committee Meeting: September 16, 2026 (11:50 PM to 11:55 PM)

Capital Structure Impact

  • Pre-Issue Paid-up Capital: ₹27,38,16,740 consisting of 2,73,81,674 Equity Shares
  • Post-Issue Paid-up Capital: ₹30,04,24,270 consisting of 3,00,42,427 Equity Shares
  • Capital Increase: ₹2,66,07,530

The allotted shares will be listed on both BSE and NSE and will rank pari passu with existing equity shares in all respects including dividend and voting rights.

Major Allottees (5% or more of Issue)

The following institutional investors were allotted more than 5% of the equity shares offered in the QIP:

1. ICICI Prudential Mutual Fund - 3,54,768 shares (13.33% of issue)

  • ICICI Prudential Commodities Fund: 62,084 shares (2.33%)
  • ICICI Prudential Mid Cap Fund: 70,954 shares (2.67%)
  • ICICI Prudential Multi Cap Fund: 2,21,730 shares (8.33%)

2. Invesco India Mutual Fund - 3,54,768 shares (13.33% of issue)

  • Invesco India Small Cap Fund: 3,16,757 shares (11.90%)
  • Invesco India ELSS Tax Saver Fund: 38,011 shares (1.43%)

3. Mirae Asset Mutual Fund - 3,54,768 shares (13.33% of issue)

  • Mirae Asset Aggressive Hybrid Fund: 1,73,906 shares (6.54%)
  • Mirae Asset Equity Savings Fund: 17,390 shares (0.65%)
  • Mirae Asset Balanced Advantage Fund: 17,390 shares (0.65%)
  • Mirae Asset Multi Asset Allocation Fund: 34,782 shares (1.31%)
  • Mirae Asset Healthcare Fund: 1,11,300 shares (4.18%)

4. SBI Life Insurance Co. Ltd - 3,54,768 shares (13.33% of issue)

5. Whiteoak Capital Mutual Fund - 1,77,384 shares (6.67% of issue)

  • Whiteoak Capital Mid Cap Fund: 84,257 shares (3.17%)
  • Whiteoak Capital ELSS Tax Saver Fund: 1,421 shares (0.05%)
  • Whiteoak Capital Special Opportunities Fund: 25,499 shares (0.96%)
  • Whiteoak Capital Multi Cap Fund: 55,432 shares (2.08%)
  • Whiteoak Capital Aggressive Hybrid Fund: 6,341 shares (0.24%)

6. Axis Mutual Fund - 1,77,384 shares (6.67% of issue)

  • Axis Small Cap Fund: 1,04,344 shares (3.92%)
  • Axis Innovation Fund: 31,303 shares (1.18%)
  • Axis Business Cycles Fund: 41,737 shares (1.57%)

7. Abu Dhabi Investment Authority - 1,41,907 shares (5.33% of issue)