GUJTHEMBSEGUJARAT THEMIS BIOSYN LTDHighNeutral
Announced Fri, 28 Aug · 22:58 IST

QIP completed - 2.11 cr shares allotted at Rs 354 each, raising Rs 750 cr

Qip At DiscountQip At PremiumMarquee Qip InvestorFund Raising View source PDFExplain this filing

GUJTHEM · price

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Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹409.95
prior close
₹415.00
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After-mkt
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AI summary

Gujarat Themis Biosyn allotted 2,11,86,440 equity shares at Rs 354 each through a QIP, raising about Rs 750 crore. The issue was priced at a 4.98 percent discount to the floor price. Paid-up equity capital rose from Rs 10.90 crore to Rs 13.01 crore. Top allottees include Quant Mutual Fund schemes (around 40 percent combined), Kotak Mahindra Life Insurance at 13.33 percent, and Ayushmat Ltd at 11.33 percent.

Likely market impact

Equity base expanded by 19.4 percent to 13.01 crore shares. Rs 750 cr raised points to growth or capex plans, but near-term EPS dilution is expected from new shares.