CG Power and Industrial Solutions Limited has informed the Exchange about qualified Institutional Placement
CGPOWER · price
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CG Power has closed its Qualified Institutional Placement (QIP) on 3rd July 2025. The issue price was fixed at ₹660 per equity share of face value ₹2, which includes a premium of ₹658. The pricing reflects a 2.81% discount (₹19.08 per share) to the floor price of ₹679.08 set under SEBI ICDR Regulations. The Securities Issue Committee approved the closure, the placement document, and the allocation note at its meeting. The issue was offered only to eligible qualified institutional buyers, and the company received the requisite applications and funds in the escrow account.
The QIP was priced just below the regulatory floor, suggesting decent demand from institutional investors. Shareholders may see some short-term dilution, but the fresh capital raised should strengthen the company's balance sheet and support growth plans. The relatively narrow discount indicates the stock was well-received at current market levels.