Shakti Pumps (India) Limited has informed the Exchange regarding allotment of 3187365 securities pursuant to Qualified Institution Placement at its treasury committee meeting held on July 05, 2025
SHAKTIPUMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shakti Pumps (India) Limited has allotted 31,87,365 equity shares of face value Rs. 10 each to qualified institutional buyers at Rs. 918 per share, raising approximately Rs. 2,926 million (around Rs. 292.6 crore). The issue price is at a 4.97% discount to the floor price of Rs. 965.96 per share. The QIP opened on July 2, 2025 and closed on July 4, 2025, with allotment made on July 5, 2025. Post-allotment, the paid-up equity share capital increased from Rs. 120.21 crore to Rs. 123.40 crore. Major allottees include PineBridge Global Funds (34.18%), Bank of India Small Cap Fund (8.89%), and three LIC MF schemes (totaling over 17%).
The dilution of about 2.65% to existing shareholders and the discount to floor price may exert mild short-term pressure on the stock. However, the participation of reputed institutional investors like PineBridge and multiple domestic mutual funds signals strong institutional confidence in the company's growth prospects.