Key Event Details

  • The Fund Raising Committee of the Board approved the issue and allotment of equity shares through a qualified institutions placement (QIP).
  • Meeting held on October 12, 2026, from 9:40 p.m. to 9:55 p.m. IST.
  • The QIP opened on October 7, 2026 and closed on October 12, 2026.

Allotment Details

  • Number of Equity Shares allotted: 77,41,935
  • Face value per share: ₹1
  • Issue price per share: ₹775 (including a premium of ₹774 per share)
  • Total issue size: ₹599,99,99,625 (Rupees Five Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Six Hundred Twenty-Five only)
  • Discount: 0.05% to the floor price of ₹775.35 per Equity Share

Capital Structure Impact

  • Pre-issue paid-up equity share capital: ₹31,37,06,860 (31,37,06,860 Equity Shares)
  • Post-issue paid-up equity share capital: ₹32,14,48,795 (32,14,48,795 Equity Shares)
  • Increase in share capital: ₹77,41,935

Major Allottees (More than 5% of Issue)

The following allottees received more than 5% of the total issue size on a PAN-clubbed basis:

1. Axis Mutual Fund (PAN-clubbed) - 10,32,258 shares (13.33%)

  • Axis Midcap Fund: 6,49,025 shares (8.38%)
  • Axis Flexi Cap Fund: 2,71,973 shares (3.51%)
  • Axis ESG Integration Strategy Fund: 61,811 shares (0.80%)

2. Canara Robeco Mutual Fund (PAN-clubbed) - 10,32,258 shares (13.33%)

  • Canara Robeco Small Cap Fund: 7,32,570 shares (9.46%)
  • Canara Robeco Value Fund: 33,299 shares (0.43%)
  • Canara Robeco Multi Cap Fund: 2,66,389 shares (3.44%)

3. ICICI Prudential (PAN-clubbed) - 10,32,258 shares (13.33%)

  • ICICI Prudential Innovation Fund: 5,43,294 shares (7.02%)
  • ICICI Prudential Flexi Cap Fund: 4,88,964 shares (6.32%)

4. Mirae Asset (PAN-clubbed) - 6,45,161 shares (8.33%)

  • Mirae Asset Large & Midcap Fund: 3,90,219 shares (5.04%)
  • Mirae Asset Flexi Cap Fund: 1,30,073 shares (1.68%)
  • Multiple other Mirae Asset funds with smaller allocations

5. Aditya Birla Sun Life Mutual Fund (PAN-clubbed) - 4,51,612 shares (5.83%)

  • Aditya Birla Sun Life MNC Fund: 3,28,445 shares (4.24%)
  • Other funds with smaller allocations

6. Societe Generale - ODI - 4,38,708 shares (5.67%) - Category: FPI - I

7. Bandhan Mutual Fund (PAN-clubbed) - 3,87,096 shares (5.00%)

  • Bandhan Small Cap Fund: 3,16,715 shares (4.09%)
  • Bandhan Mid Cap Fund: 70,381 shares (0.91%)