Ratnaveer Precision Engineering Limited has informed the Exchange regarding Outcome of Committee Meeting held on December 04, 2025 regarding 1. approval of closure of issue period for the QIP 2. allocation of 12793102 equity shares 3. finalisaion of confirmation of allocation note and 4. approval of placement document.
RATNAVEER · price
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Ratnaveer Precision Engineering Limited has completed its Qualified Institutional Placement (QIP). The committee approved the closure of the issue period, allotment of 12,793,102 equity shares to eligible institutional investors, finalization of the confirmation of allocation note, and approval of the placement document. The QIP process concluded at the committee meeting held on December 4, 2025. No details on the issue price, discount/premium to market price, or names of the institutional investors were disclosed in this filing.
This is a capital raise through QIP, which will increase the company's equity base by around 12.79 million shares, potentially leading to dilution for existing shareholders. The actual price and investor quality will determine whether the market views this positively or negatively.