Shakti Pumps (India) Limited has informed the Exchange regarding Outcome of Treasury Committee Meeting held on July 05, 2025.
SHAKTIPUMP · price
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Awaiting price reaction for this filing.
Shakti Pumps has completed its QIP, allotting 31.87 lakh equity shares of face value Rs. 10 each to qualified institutional buyers at Rs. 918 per share, including a premium of Rs. 908. The issue price was at a 4.97% discount to the floor price of Rs. 965.96, raising approximately Rs. 292.6 crore. The issue opened on July 2 and closed on July 4, 2025, with the Treasury Committee approving the allotment on July 5. As a result, the company's paid-up equity capital rose from Rs. 120.21 crore to Rs. 123.40 crore. Notable allottees include PineBridge Global Funds (34.18%), Bank of India Small Cap Fund (8.89%), and three LIC Mutual Fund schemes (collectively around 17%).
The successful QIP raises about Rs. 292.6 crore for the company with strong participation from a marquee foreign investor and domestic mutual funds, signaling institutional confidence. However, the 4.97% discount to floor price and equity dilution (about 2.65% increase in share count) may create short-term pressure on the stock price, though the capital infusion supports growth plans.