Announced Fri, 21 Aug · 14:39 IST
GACM Technologies raises ₹49.50 Cr via QIP at par with Mauritius FPIs
GATECHDVR · price
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Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹0.52
prior close
₹0.51
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+2.0+0.0+2.0-3.8+0.0+1.9+1.9+3.8+3.8-3.8-5.8——
Up moveDown movePending
AI summary
GACM Technologies has completed a QIP of ₹49.50 crore, allotting 49.50 crore equity shares at ₹1 each (at par with face value). Major allottees include Mauritius-based FPIs such as Minerva Ventures Fund, Magnifica Global Opportunities, AL Maha Investment Fund, and Ebisu Global Opportunities Fund. Proceeds will support strategic initiatives, expansion and strengthen the capital structure.
Likely market impact
Brings ₹49.50 crore institutional capital and broadens investor base, but adds 49.50 crore new shares to the float.