Shakti Pumps (India) Limited has informed the Exchange regarding Outcome of Treasury Committee Meeting held on July 04, 2025.
SHAKTIPUMP · price
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Shakti Pumps (India) has completed its Qualified Institutions Placement (QIP), allotting 31,87,365 equity shares (face value Rs. 10 each) to eligible QIBs at an issue price of Rs. 918 per share. This is at a 4.97% discount to the floor price of Rs. 965.96. The total amount raised aggregates to Rs. 2,926.00 million (approximately Rs. 292.6 crore). The QIP opened on July 02, 2025 and closed on July 04, 2025, with the Treasury Committee finalising the issue price, allocation note, and placement document on July 05, 2025.
The QIP brings in roughly Rs. 293 crore of fresh capital, strengthening the company's balance sheet. However, the 4.97% discount to floor price means new shares were allotted below prevailing market levels, which leads to equity dilution for existing shareholders and may exert mild short-term pressure on the stock price.