GACM Technologies opens QIP at Rs 1 per share, size up to Rs 49.50 Cr
GATECH · price
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On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.7 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GACM Technologies has opened its Qualified Institutional Placement (QIP) for up to Rs 49.50 Crores at Rs 1 per share, which equals the face value. This price is set at a premium to the regulatory floor price of Rs 0.67, calculated under the SEBI ICDR formula with August 13, 2026 as the relevant date. Board approval was on September 3, 2025, and shareholder approval on September 25, 2025. The company describes the raise as supporting its next phase of expansion.
Equity dilution from QIP; issue priced above floor price, but at par with face value signals weak market price.