Board approves opening of QIP; floor price set at Rs 372.57 per share
GUJTHEM · price
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.0 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Gujarat Themis Biosyn approved opening of a Qualified Institutions Placement (QIP) of equity shares to institutional buyers on 25 Aug 2026. Floor price is Rs 372.57 per share, based on SEBI pricing formula. The company may offer up to 5% discount at its discretion. Final issue price will be determined after book building. Trading window is closed for designated persons till 48 hours after price determination.
QIP will dilute existing shareholders. Final issue price and demand from institutions will decide the dilution extent. Watch for price discovery.