Diamond Power Infra opens QIP with floor price of Rs 238.92 per share
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On the reaction day the stock moved 7.1 pts more than Nifty Microcap 250 and 7.9 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Diamond Power Infrastructure has opened its Qualified Institutions Placement (QIP) of equity shares with face value of Re 1. The Management Committee on July 23, 2026 set the floor price at Rs 238.92 per share under SEBI ICDR pricing rules. The company may offer up to 5 percent discount on this floor price. Board approved the issue on June 18, 2026, and shareholders approved it via postal ballot on July 19, 2026. Final issue price will be decided in consultation with book running lead managers.
Dilution risk for existing shareholders as new shares will be issued to institutions. Final pricing and demand will shape actual dilution.