Diamond Power raises Rs 1,614 cr via QIP at Rs 227 per share

Qip At DiscountQip At PremiumMarquee Qip InvestorFund Raising View source PDF Explain this filing

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Price reaction · full curve 14 horizons · vs prior close

+1.2%1-day move

₹322.10

prior close

₹312.01

base price

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AI summary

Diamond Power Infrastructure has allotted 7.11 crore equity shares to qualified institutional buyers at Rs 227 each, raising about Rs 1,614 crore. The price includes a Rs 226 premium over face value and a 4.99 percent discount to the floor price. The QIP ran from July 23 to July 28, 2026. Allottees include marquee names like SmallCap World Fund, Goldman Sachs India Equity Portfolio, VQ Fastercap Fund, and several mutual fund houses such as Motilal Oswal, HDFC, Mirae Asset, Tata, and HSBC. Paid-up equity capital rose to about Rs 59.81 crore from Rs 52.70 crore.

Likely market impact

Raises about Rs 1,614 crore of fresh capital with marquee investors, but existing shareholders are meaningfully diluted by the new share issuance.