Piramal Finance opens QIP, floor price set at Rs 2,102.65 per share

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PIRAMALFIN · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹2182.00

prior close

₹2190.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.2%-0.3% vs market

Non Banking Financial Company (NBFC) peers, median of 225sector+0.2%-0.6% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-1.0

15m

-0.7

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.2-0.3+0.2-0.6

Next day

+1.5+0.4+1.1+0.5+1.0

+2.1+0.3+1.8+0.7+1.4

+4.5+0.7+3.9+0.0+4.5

+6.1-0.0+6.1+0.6+5.5

+2.1-0.1+2.1-0.2+2.3

+1.6+0.4+1.2-0.8+2.3

15d

+1.1-2.8+3.9-1.4+2.5

-2.4-1.2-1.3-1.4-1.0

-13.4-9.8-3.6-6.4-7.0

—————

UpDownMarket · Nifty Smallcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 225Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Piramal Finance has opened its Qualified Institutional Placement (QIP) on 24 August 2026, after shareholder approval via postal ballot on 17 August. The floor price is fixed at Rs 2,102.65 per equity share (face value Rs 2), based on the SEBI ICDR pricing formula. The Committee may offer up to 5% discount on this floor price. Final issue price will be decided in consultation with book running lead managers. The company will allot fresh equity shares to institutional investors, leading to dilution for existing shareholders.

Likely market impact

Fresh equity dilution expected as QIP opens at floor price of Rs 2,102.65. Final issue price and demand will drive near-term stock movement.