PTC Industries allots 8.54 lakh shares via QIP at Rs 21,060 each
PTCIL · price
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On the reaction day the stock moved 4.0 pts more than Nifty Smallcap 250 and 5.1 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PTC Industries raised about Rs 1,800 crore via a Qualified Institutional Placement. It allotted 8,54,700 shares at Rs 21,060 each, a 4.92 percent discount to the floor price. Investors include marquee names like SmallCap World Fund, Fidelity funds, and HDFC Mutual Fund. Paid-up capital rose from Rs 14.99 crore to Rs 15.85 crore.
Rs 1,800 crore raised via QIP with marquee global investors. 4.92 percent discount to floor price may be mildly dilutive for existing shareholders.