QIP closes at Rs 354/share; company raises about Rs 75 crore
GUJTHEM · price
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On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.9 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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Gujarat Themis Biosyn closed its Qualified Institutional Placement on Aug 28, 2026, allotting about 2.11 crore equity shares at Rs 354 each, a 4.98% discount to the floor price of Rs 372.57. Total funds raised work out to roughly Rs 75 crore. The shares have a face value of Rs 1 and were placed with eligible QIBs.
Equity dilution of about 2.11 crore shares for existing holders; QIP priced at a discount to floor may cause short-term price pressure.