Announced Fri, 17 Jul · 20:55 IST
Belrise Industries closes QIP, allotts 7.73 crore shares at Rs 220
BELRISE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.3%1-day move
₹227.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.3+2.4+0.7+0.7+2.2—————
Up moveDown movePending
AI summary
Belrise Industries has closed its QIP, allotting 7,72,72,727 equity shares at Rs 220 per share to eligible QIBs. The issue price includes a Rs 215 premium over face value of Rs 5, but is at a 4.68% discount to the floor price of Rs 230.79. Total issue size is about Rs 1,700 crore. The placement document has been adopted and filed with stock exchanges.
Likely market impact
QIP at a 4.68% discount to floor price may weigh on the stock short-term, though about Rs 1,700 crore raised strengthens the balance sheet.