Shakti Pumps (India) Limited has informed the Exchange about Outcome of the treasury committee meeting for issue closure.
SHAKTIPUMP · price
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Shakti Pumps has closed its Qualified Institutional Placement (QIP) issue on July 4, 2025. The company will issue 31,87,365 equity shares of Rs. 10 face value at a price of Rs. 918 per share, which includes a premium of Rs. 908 per share. The issue price is at a 4.97% discount to the floor price of Rs. 965.96 per share. Total funds raised aggregate to approximately Rs. 292.6 crore. The QIP opened on July 2, 2025, and the Treasury Committee approved the issue closure, allocation notes, and placement document at its meeting on July 5, 2025.
The company has successfully raised around Rs. 292.6 crore from institutional investors, which will strengthen its equity base and provide growth capital. The 4.97% discount to the floor price is modest and within SEBI's permissible limit, suggesting reasonable demand for the issue.