Page 4 - Qip

Hi-Tech Pipes launches QIP at floor price of Rs 194.98 per share; stock up

Hi-tech Pipes shares rose after the company announced that it has launched its qualified institutional placement (QIP), setting a floor price of Rs 194.98 per share, as approved by its board and share

Ireda sees 303% surge in loan sanctions, reaching Rs 17,860 cr in Apr-Sept

The company experienced a substantial rise in loan disbursements, which increased by 56 per cent to Rs 9,787 crore, up from Rs 6,273 crore in September 2023

SpiceJet clears GST dues after raising Rs 3,000 crore through QIP

This comes shortly after Spicjet settled all salary arrears for its employees, marking a series of positive developments for the airline

SpiceJet raises Rs 3,000 cr through QIP, to receive additional Rs 736 cr

With the latest capital infusion, SpiceJet plans to strengthen its operations, expand its fleet, and extend its network to meet growing passenger demand in the country

Auto component maker Samvardhana Motherson raises Rs 6,438 crore via QIP

Auto components maker Samvardhana Motherson International on Monday said it has raised Rs 6,438 crore via issue of securities. The QIP issue garnered strong interest from both domestic and foreign institutional investors, leading to substantial demand over the issue size, it said in a regulatory filing. Over 95 per cent of allocations were made to marquee long-only investors such as mutual funds, insurance and pension funds, foreign institutional investor, it added. The proceeds from the issuance will be mainly directed towards debt repayment, thereby further strengthening company's balance sheet and enhancing its position to capitalise on various growth opportunities, it stated. Some of the proceeds will be used towards general corporate purposes, the company said. Shares of the company on Monday ended 2.19 per cent up at Rs 207.25 apiece on BSE.

SpiceJet soars 10% as company successfully raises Rs 3,000 crore via QIP

SpiceJet's board approved the issue and allotment of 48,70,12,986 equity shares to eligible qualified institutional buyers

SpiceJet raises Rs 3,000 crore through QIP, to receive additional Rs 736 cr

Domestic carrier SpiceJet on Monday said it has raised Rs 3,000 crore through a Qualified Institutional Placement (QIP). The QIP, which opened on September 16 and closed on September 18, received an overwhelming response from qualified investors and got significantly oversubscribed, demonstrating strong confidence in the company's growth prospects, SpiceJet said in a statement. It also said the QIP attracted a diverse pool of top-tier institutional investors and mutual funds, including Goldman Sachs (Singapore), Morgan Stanley Asia, BNP Paribas Financial Markets ODI, Nomura Singapore Ltd ODI, Tata Mutual Fund, Discovery Global Opportunity Ltd, among others. In addition to Rs 3,000 crore funding, SpiceJet said it will also receive an additional Rs 736 crore from the previous funding round, further boosting its financial stability and growth plans. The newly raised capital will be used to operationalise grounded aircraft, acquire new planes, invest in technology, and expand into new

Reliance Infra board approves preferential issue worth Rs 3,014 crore

Looks to raise another Rs 3000 cr from QIP

SpiceJet shares fly high after Rs 3000 crore QIP oversubscribed

SpiceJet's Rs 3,000 crore qualified institutional placement has been oversubscribed

FinMin clears decks for PNB, BoM to raise Rs 10,000 cr via QIP in FY25

Receives similar proposals from Union Bank of India, UCO Bank, Indian Overseas Bank

Brigade Enterprises raises Rs 1,500 crore by selling shares via QIP

Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its qualified institutional placement (QIP) issue to raise funds. The issue closed on September 5. In a regulatory filing on Friday, Brigade Enterprises said a committee of directors approved the allotment of 1,30,43,478 equity shares to eligible qualified institutional buyers. The shares were allotted at an issue price of Rs 1,150 per equity share. Hence, the company raised Rs 1,500 crore through the QIP route. The shares were issued at a discount of 1.26 per cent of the floor price of Rs 1,164.70 per equity share. In March, Brigade Enterprises had taken shareholders' approval to raise funds through the issue of securities up to Rs 1,500 crore. Brigade Enterprises is one of the leading real estate developers in the country with a significant presence in south India. Last month, Brigade

Sona BLW shares gain 4%; here is what's driving the stock

Sona BLW has received approval for Hub Wheel Motor, a component for electric two-wheelers, under the PLI Auto scheme. It also launched a QIP

Auto parts maker Motherson to launch $715 mn share sale to tap stock mkt

With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz

Most IPOs reasonably priced, domestic funds drive a hard bargain: Kaushik

The primary market has witnessed a promising trend across products in the first half of the year. IPOs have performed exceptionally well, with a notable increase in average ticket size, Kaushik said

PDS raises Rs 430 cr through QIP, subscription exceeds 2 times issue size

PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement. The company has successfully completed the QIP raising Rs 430 crore (around USD 51 million). The QIP attracted robust interest from institutional investors, with a subscription exceeding two times the issue size, PDS Ltd said in a statement. "This fund raise enables PDS to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet," the company said. "This funding will be pivotal in propelling our expansion efforts, driving innovation, and expanding our global footprint into new and exciting markets," PDS Executive Vice Chairman Pallak Seth said. PDS Ltd is a fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution

SpiceJet Q1 results: Net profit drops 20% to Rs 158 cr due to fewer flights

Airline said it has initiated process of raising Rs 3,000 crore through QIP

Hindenburg Research report 'won't impact' Adani Enterprises' $2 billion QIP

AEL will be using the funds for its new projects as it plans to invest up to Rs 1.3 trillion in FY25 to expand its capacity across its portfolio companies

Adani Enterprises plans to raise $1 bn via QIP for green hydrogen expansion

Shah had noted the company plans an Rs 80,000 crore capex in FY25, out of which a major part will be towards the new energy ecosystem and the airports business, which will take up about Rs 50,000 cr

Adani Energy stock zooms 18% in 3 days on buzz of strong demand for its QIP

According to media reports, AESL's $1-billion QIP got strong response and was subscribed over 6 times.

Adani Energy Solutions QIP over-subscribed thrice, $1 billion raised

QIP is a fund-raising tool for companies, through which they issue equities, or other equity convertible securities to qualified institutional buyers