Genesys International Corporation Limited has informed the Exchange about qualified Institutional Placement, Further to our letter dated May 14, 2025, we wish to inform you that the QIP Committee of the board of directors of the Company ( Committee ) at its meeting held today i.e. May 16, 2025 inter alia considered and approved the following:a. Closure of the Issue today i.e. May 16, 2025, with immediate effect, pursuant to the receiptof the application forms and the funds in the escrow account from the eligible qualifiedinstitutional buyers in accordance with the terms of Issue;b. Determined and approved the allocation of 17,39,625 Equity Shares at an Issue Price of ₹632.32 per Equity Share (including a premium of ₹ 627.32 per Equity Share), which is at adiscount of 5% (i.e. ₹ 33.28 per Equity Share) to the floor price of ₹ 665.60 per Equity Share,in accordance with the SEBI ICDR Regulations, upon the closure of the Issue, determined inaccordance with the formula prescribed under Regulation 176(l) of the SEBI ICDRRegulations, for the Equity Shares to be allotted to the eligible qualified institutional buyersin the Issue;c. The placement document dated May 16, 2025, in connection with the Issue and filing thesame with BSE Limited and National Stock Exchange of India Limited; andd. The confirmation of allocation note to be sent to the eligible qualified institutional buyers,intimating them of allocation of Equity Shares pursuant to the Issue and refund intimationletter, to be sent to the bidders who are entitled to receive the refund amount, if any.
GENESYS · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.9 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Genesys International Corporation has closed its Qualified Institutional Placement (QIP) issue on May 16, 2025. The company has allotted 17,39,625 equity shares to eligible institutional buyers at a price of ₹632.32 per share, which includes a premium of ₹627.32 over the face value of ₹5. The issue price is at a 5% discount (₹33.28) to the floor price of ₹665.60 per share. In total, the company is expected to raise approximately ₹110 crore through this QIP. The placement document has been filed with both BSE and NSE, and allocation confirmations are being sent to the institutional investors.
The successful QIP closure brings in roughly ₹110 crore of fresh capital, strengthening the company's balance sheet for growth or operational needs. However, the 5% discount to the floor price means existing shareholders face some dilution at a price below the benchmark, which could exert mild short-term pressure on the stock.