Globus Spirits raises Rs 200 cr via QIP at Rs 840 per share, MIT takes 44%
GLOBUSSPR · price
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.2 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Globus Spirits allotted 23.80 lakh shares at Rs 840 each via QIP, raising Rs 200 crore. The issue was priced at a 4.94% discount to the floor price of Rs 883.67. MIT was the top allottee at 43.86%, followed by 238 Plan Associates at 16.21%, India Capital Growth Fund at 13%, and Alchemy Long Term Ventures Fund at 5%. Paid-up capital rose to Rs 31.46 crore from Rs 29.08 crore.
Equity dilution of about 8.2%. Marquee global investor participation is a positive signal, but the discount to floor price may pressure the stock near term.