QIP issue closes; 7.11 crore shares allotted at Rs 227 each
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On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.6 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 closed its QIP on July 28, 2026, allotting 7.11 crore equity shares at Rs 227 each to qualified institutional buyers. The price reflects a 4.99% discount (Rs 11.92) on the floor price of Rs 238.92. Total issue size is about Rs 1,614 crore. Placement document filed with BSE and NSE.
Equity dilution of 7.11 crore shares; 4.99% discount to floor price may pressure stock short-term. Funds to be used per board approval.