Date: August 20, 2026

Board Meeting Outcomes

  • The Fund-Raising Committee approved the allotment of 25,05,219 Equity Shares of face value of ₹2 each to qualified institutional buyers through a Qualified Institutional Placement (QIP).
  • The issue opened on August 17, 2026 and closed on August 20, 2026.
  • The meeting of the Committee commenced at 10:45 PM and concluded at 11:00 PM on August 20, 2026.

Fundraising Details

  • Total Issue Size: ₹1,200.00 Crore (Rupees One Thousand Two Hundred Crore)
  • Number of Shares Allotted: 25,05,219 Equity Shares
  • Issue Price: ₹4,790.00 per Equity Share
  • Premium: ₹4,788.00 per Equity Share
  • Discount: ₹95.90 per Equity Share (1.96% discount to the floor price)
  • The floor price was determined in terms of the SEBI ICDR Regulations.

Capital Structure Impact

  • Pre-Issue Paid-up Capital: ₹11,38,81,374 consisting of 5,69,40,687 Equity Shares
  • Post-Issue Paid-up Capital: ₹11,88,91,812 consisting of 5,94,45,906 Equity Shares
  • Capital Increase: ₹50,10,438

Allottee Information

Major allottees (more than 5% of Equity Shares offered):

  • ICICI Prudential Group (Clubbed): 16.67% through multiple funds:
  • ICICI Prudential Flexicap Fund: 1,92,709 shares (7.69%)
  • ICICI Prudential Exports and Services Fund: 32,118 shares (1.28%)
  • ICICI Prudential Smallcap Fund: 72,266 shares (2.88%)
  • ICICI Prudential Innovation Fund: 88,325 shares (3.53%)
  • ISIF Hybrid Long-Short Fund: 16,059 shares (0.64%)
  • iSIF Equity Long-Short Fund: 16,059 shares (0.64%)
  • Nomura India Investment Fund Mother Fund: 3,28,064 shares (13.10%) - Foreign Portfolio Investor (Corporate)
  • Goldman Sachs Funds - Goldman Sachs India Equity Portfolio: 2,80,740 shares (11.21%) - Foreign Portfolio Investor (Corporate)
  • Think India Opportunities Master Fund LP: 2,08,768 shares (8.33%) - Foreign Portfolio Investor (Corporate)
  • Edelweiss Group (Clubbed): 8.33% through multiple funds:
  • Edelweiss Mid Cap Fund: 58,455 shares (2.33%)
  • Edelweiss Flexi Cap Fund: 22,965 shares (0.92%)
  • Edelweiss ELSS Tax Saver Fund: 1,044 shares (0.04%)
  • Edelweiss Small Cap Fund: 20,877 shares (0.83%)
  • Edelweiss Technology Fund: 1,044 shares (0.04%)
  • Altiva Hybrid Long-Short Fund: 1,04,383 shares (4.17%)
  • Invesco India Flexi Cap Fund: 1,56,577 shares (6.25%) - Mutual Fund