Announced Thu, 13 Aug · 10:14 IST
GACM Technologies opens QIP at Rs 1 per share, size up to Rs 49.50 Cr
GATECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.5%1-day move
₹0.73
prior close
₹0.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+5.5+8.2+11.0+15.1+19.2+28.8+30.1-4.1——
Up moveDown movePending
AI summary
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.
Likely market impact
Equity dilution from QIP; issue priced above floor price, but at par with face value signals weak market price.