Shakti Pumps (India) Limited has informed the Exchange about issue opening for qualified Institutional Placement
SHAKTIPUMP · price
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Shakti Pumps has opened its Qualified Institutional Placement (QIP) issue on July 02, 2025, offering equity shares of face value ₹10 each to qualified institutional buyers. The floor price has been set at ₹965.96 per share as per SEBI ICDR pricing formula, with the company retaining the option to offer a discount of up to 5% on this floor price. The QIP was earlier approved by the Board of Directors on January 07, 2025, and by shareholders through a special resolution on February 12, 2025. The relevant date for pricing is July 02, 2025, and the trading window for designated persons has been closed since July 01, 2025.
Existing shareholders should expect potential dilution of their holdings once the QIP is allotted. The final issue price (floor of ₹965.96) and the size of the QIP will determine the dilution extent and capital raised, which could be used for growth, debt reduction, or working capital needs.