QUALIFIED INSTITUTIONAL PLACEMENT
Torrent Power's QIP opens today. Co sets floor price at Rs 1,555.75
Torrent Power has opened its QIP issue with a floor price of Rs 1,555.75 per share. The final issue price will be determined later. Torrent Power is a leading integrated power utility in India.
Placement season starts with burst of big-ticket offers at old IITs
As final placements for 2024-25 start at old IITs, top compensation offers of over Rs 1 crore come from firms like Optiver, Da Vinci, and Quantbox Research. High-paying roles include software development and quantitative research, with increasing CGPA requirements for candidates.
Zomato raises Rs 8,500 crore via QIP, Motilal Oswal emerges as biggest domestic investor
Zomato raised Rs 8,500 crore through QIP by issuing and allotting 33 crore equity shares at an issue price of Rs 252.62 per share. The company's board approved this fundraising initiative, which was announced last month. This capital infusion comes at a competitive time for the quick commerce industry receiving a surge in funds.
Zomato completes Rs 8,500 crore QIP at Rs 252.62 per share
Zomato raised Rs 8,500 crore via QIP, allocating 33.65 crore shares. Funds will support Blinkit expansion, dark stores, and marketing. CEO Goyal waives salary until 2026.
Godrej Properties shares jump over 2% as co launches QIP to raise Rs 6,000 crore
Godrej Properties launched a qualified institutional placement to raise funds. The company aims to secure Rs 6,000 crore. It also acquired land in Kolkata. The land will be used for a residential project. The project has a potential revenue of Rs 500 crore. Godrej Properties saw strong sales bookings growth this year.
Zomato shares in focus as QIP launches with floor price set at Rs 265.91 per share
Zomato share price: Zomato launches a QIP to raise funds. The company aims to expand Blinkit's footprint. Zomato plans to increase dark stores. It will also invest in advertising and marketing. Rivals Swiggy and Zepto have also raised capital. Zomato aims to strengthen its position in the competitive market. The company recently reported increased revenue and profit.
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Zomato shareholders approve Rs 8,500 crore QIP plan
Zomato shareholders have overwhelmingly approved a plan to raise ?8,500 crore ($1 billion) through a new share sale. The move aims to bolster the Indian food delivery giant's finances amid fierce competition in the rapidly expanding quick-commerce sector.
Your ¡®SIP sahi hai¡¯ mantra translates to ¡®QIP sahi hai¡¯ for India Inc promoters
Indian companies have raised a record Rs 97,000 crore this year through qualified institutional placements (QIPs), capitalizing on strong domestic market flows and sustained mutual fund SIP inflows. Promoters are taking advantage of high valuations to raise capital, even as some analysts warn of a potential market correction.
Varun Beverages shares slide over 3% after raising Rs 7,500 crore via QIP
Varun Beverages' shares fell 3.4% after raising Rs 7,500 crore through a QIP at a 4.97% discount. The company reported strong Q3 profit and revenue growth.
Wockhardt shares tumble 5% after launching QIP at 8% discount
Wockhardt's shares dropped 5% after the company announced a qualified institutional placement (QIP) at a floor price of Rs 1,162.25, an 8.5% discount from Wednesday's closing price. The company may offer an additional discount of up to 5% on the floor price. Despite the recent decline, Wockhardt's shares have risen by approximately 25.5% in the past year and 8.
Adani Enterprises shares rise over 3% after Q2 profit skyrockets 664% YoY to Rs 1,742 crore
Adani Enterprises Share Price: Adani Enterprises' shares rose 3.2% on the BSE after reporting a 664% YoY jump in net profit for the September quarter to Rs 1,742 crore. Revenue from operations increased by 16% to Rs 22,608 crore. The company approved a Rs 2,000 crore fundraising plan through NCDs and emphasizes growth in logistics, energy transition, and adjacent sectors.
Chemical manufacturer Epigral Ltd raises Rs 333 crore via QIP issue
Epigral Ltd completed its QIP, raising Rs 333.05 crore at an issue price of Rs 2,093.13 per share. The company will deploy these funds to support its growth plans. The equity capital will help Epigral to further strengthen its financial position while expanding its market presence.
PG Electroplast shares in focus on Rs 1,500 crore fundraise plans via QIP
PG Electroplast Share Price: The company has further informed that the board also approved the draft notice for an extra-ordinary general meeting (EGM) to seek shareholder approval for issuing the securities through a special resolution.
Reliance Infra shares in spotlight as Rs 6,000 crore fundraising plan gets shareholders' nod
Reliance Infrastructure's plan to raise Rs 6,000 crore by preferential share issue and QIP receives 98% shareholder approval. The fundraising includes Rs 3,014 crore from preferential allotment and Rs 3,000 crore via QIP, aiming to expand operations, invest in subsidiaries, and reduce debt.
PG Electroplast board approves Rs 1,500 crore QIP
PG Electroplast shares have delivered impressive multibagger returns this year, with a gain of 225.6% over the past 6 months. The stock has also risen 158.6% year-to-date and 210% over the last year. This growth has been driven by strong operational performance and increased demand across its key product segments.
Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
Adani Enterprises Share Price: Adani Enterprises raised Rs 4,200 crore through a share sale to investors via a QIP. The sale attracted bids over 4.2 times the deal size from various investors. Proceeds will be used for capital expenditure, debt repayment, and general corporate purposes. Shares of the company dropped 3% on Thursday.
Adani Enterprises raises $500 million through QIP issue
Adani Enterprises has allocated 1.42 crore shares to investors at ?2,962 per share. Quant Mutual Fund, Winro Commercial (India), Tree Line Asia Master Fund and SBI Life Insurance Co are among those who have subscribed to the QIP.
Adani Enterprises' QIP sees healthy demand, Rs 4,200 crore raised through issue
Adani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure, debt repayment, and general corporate purposes. The company's focus spans airports, roads, new energy ecosystems, and data centers.
Hi-Tech Pipes raises Rs 500 cr via QIP
Hi-Tech Pipes, a steel pipes manufacturer, successfully raised over Rs 500 crore through a Qualified Institutional Placement (QIP) that closed on October 11. The QIP was oversubscribed, receiving bids of over Rs 800 crore from both domestic and global institutional investors, including Motilal Oswal Fund and SBI General Insurance.
Adani Enterprises raises $ 500 million via QIP
The QIP attracted investors such as GQG Partners, Quant Mutual Fund, SBI General Insurance, SBI Life Insurance and HDFC Life Insurance along with a few ultra-high net worth individuals, the people said.
Adani Enterprises shares tumble 2% after company approves Rs 4,200 crore share sale via QIP
Adani Enterprises has approved a Rs 4,200 crore share sale to large investors through a QIP issue, setting a floor price of Rs 3,117.4750 per share. The issue, managed by SBI Capital Markets Limited, Jefferies India Private Limited, and ICICI Securities Limited, aims to raise funds for the company.
Senco Gold shares surge 6% after nod for Rs 500 crore QIP, 1:2 stock split
Shares of Senco Gold surged 6.4% to Rs 1,494.55 after the company announced a Rs 500 crore qualified institutional placement (QIP) and a 1:2 stock split. This means shareholders will receive 2 shares with a face value of Rs 5 for every 1 share of Rs 10. The announcement was made after market hours.
Adani Enterprises set to raise up to $2 billion through a QIP next week
Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month or early in November, to cut down the promoter stake in the company to comply with listing regulations, sources said.
The liquidity game on Dalal Street: The rise of phoenixes?
Liquidity has a powerful impact on businesses, reviving struggling companies like Reliance Power and Vedanta through strategic fundraising, despite earlier debt crises. However, minority shareholders often face dilution during such revivals.
Vedanta board to consider fourth interim dividend
Vedanta Ltd will consider its fourth interim dividend for the current fiscal on October 8. The record date for the payout, if declared, is October 16. Earlier this month, Vedanta announced a ?20 per share dividend. The company has already declared dividends totaling ?35 per share this year.
PNB fixes floor price of Rs 109.16 per share for its share sale via QIP
State-owned Punjab National Bank (PNB) on Monday fixed a floor price of Rs 109.16 per share for its share sale through qualified institutional placement (QIP). The bank had taken board approval last year for raising up to Rs 7,500 crore via share sale in one or more tranches during 2024-25.
Reliance Infrastructure seeks shareholders' nod to raise Rs 3,000 crore via QIP
Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for a QIP of up to Rs 3,000 crore.
SpiceJet gets good response for share sale; statutory dues at over Rs 600 cr
SpiceJet, with statutory dues exceeding Rs 601 crore, has successfully oversubscribed its Rs 3,000 crore share sale to qualified institutional buyers. The funds will help the airline address financial and legal challenges, including clearing dues and settling liabilities with creditors and vendors.
IREDA shares surge over 4% on govt nod for Rs 4,500 crore QIP
IREDA Share Price: Shares of Indian Renewable Energy Development Agency rose 4.4% on the BSE after receiving government approval to raise Rs 4,500 crore through a Qualified Institutions Placement. The company reported a net profit of Rs 384 crore for the June quarter, marking a 30% increase from the previous year.
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