The qualified institutional placement, combining a primary issue and promoter offer for sale, will help fund JSW Infra's expansion plans and broaden its institutional shareholder base
Sajjan Jindal-promoted JSW Infrastructure's qualified institutional placement (QIP) received bids worth over Rs 50,350 crore, nearly seven times the indicative issue size of up to Rs 7,503 crore, according to merchant bankers handling the issue. The QIP, launched on June 22, witnessed strong participation from leading domestic and global institutional investors, suggesting robust appetite for the country's ports and logistics infrastructure story. The company planned to raise up to Rs 7,502.7 crore through a QIP of 23 crore fresh equity shares, alongside an offer for sale (OFS) of 3.32 crore shares by the promoter. At the floor price of Rs 285 per share, the fresh issue is valued at Rs 6,555 crore and the OFS at Rs 947.7 crore. The shares were offered at a floor price of Rs 285 apiece, representing a 7.2 per cent discount to the company's June 22 closing price of Rs 307.25 on the BSE. According to merchant bankers, the company plans to utilise the proceeds from the fresh issue to f
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
Analysts see scope for further valuation gains as JSW Infrastructure executes a large expansion pipeline and targets strong revenue and EBITDA growth through FY28
JSW Infra outperformed the market by surging 11% in the past week and rallying 20% in the past month.
Waaree Energies on Monday said that it has got shareholders' approval to raise up to Rs 10,000 crore through the issuance of equity shares on a Qualified Institutions Placement basis. On April 29, the board of the company approved raising of up to Rs 10,000 crore through the issuance of equity shares, non-convertible debentures, along with warrants, any other eligible securities convertible into equity shares of the company, or any combination (collectively, securities) on Qualified Institutional Placement. According to a regulatory filing, the company got shareholders' approval to raise capital through a qualified institutions placement. The shareholders also approved the appointment of Jignesh Devchandbhai Rathod as a Whole-Time Director & CEO of the company. "...the resolutions as proposed in the postal ballot notice dated May 14, 2026, have been passed by the shareholders by remote e-voting process with requisite majority, on Saturday, June 13, 2026 (last date of remote ...
The stock opened down 3 per cent at ₹38.50 on the National Stock Exchange and touched a low of ₹38.08 before trimming some losses.
ACME Solar launched a QIP, with reports indicating a fundraise of up to ₹2,500 crore to support growth capex, renewable energy project expansion and balance sheet strengthening.
Indian Bank plans a qualified institutional placement in Q3 FY27 to absorb the impact of RBI's expected credit loss framework coming into effect from April 2027
The NBFC raised Rs 2,500 crore through a QIP from institutional investors to support growth opportunities, expand lending operations and diversify its asset portfolio
Sebi is considering tightening rules to monitor funds raised via IPOs, QIPs and rights issues, including lowering the threshold for appointing a monitoring agency to Rs 50 crore
Shares of Policybazaar parent PB Fintech fell sharply after it announced plans to raise funds via QIP to pursue inorganic expansion in overseas markets
The stock price of Swiggy was quoting lower for the third straight trading day, falling nearly 8 per cent. The stock has now dropped below the QIP issue price of ₹375 per share.
IPO and SME IPO fundraising hit record highs in 2025 despite market volatility, while rights issues surged and QIPs fell sharply amid FPI selling and elevated valuations
Rights issues hit a 28-year high in 2025 as Sebi's rule changes sped up fundraising, even as QIPs slumped amid a sharp broader market correction and tighter valuation dynamics
Out of more than 80 investors who showed interest, allocations were made to 61 investors, of which over 15 are new shareholders, according to the company
At the indicative price, the company could issue about 269.5 million new shares, representing roughly 10.8 per cent of its pre-issue equity base of 2.49 billion shares
Swiggy shares rose 3 per cent after its shareholders approved raising up to ₹10,000 crore via qualified institutional placement
SBI Chairman C S Setty has said that Rs 25,000 crore equity capital raised through the qualified institutional placement route earlier this year would support Rs 12 lakh crore credit growth and maintain a capital adequacy ratio of 15 per cent over 5-6 years. On the debt capital side, he said, the bank would mobilise Rs 12,500 crore through bonds as part of a periodic exercise. "Even before this QIP was raised, our ability to fund credit growth has never been a problem. We wanted to strengthen the capital ratios, so we have done that. Our long-term strategy is to maintain CRAR at 15 per cent and Common Equity Tier 1 at 12 per cent," he told PTI in an interview. This kind of Capital to Risk Asset Ratio (CRAR) gives the bank the ability to fund advances over Rs 12 trillion, he said. "With a profit rate what we have today, if the same profitability is maintained for another 5-6 years, we may not require any capital raising, at least on the CET 1 part," he said. SBI in July this year .
Share price of Asahi India Glass hit a new high of ₹1,072.95, as they rallied 9 per cent on the BSE in Monday's intra-day trade amid heavy volumes.