Sterlite Tech opens QIP issue, floor price set at Rs 613.69 per share

Fund Raising View source PDF Explain this filing

STLTECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.7%Reaction day

₹585.90

prior close

₹613.35

announcement price

After-mkt

timing

Nifty Microcap 250market-0.6%+5.3% vs market

On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+4.7-0.6+5.3

Next day

+8.4-0.9+9.3

+3.8+0.1+3.6

+0.8+0.3+0.5

-4.2+1.2-5.4

-1.3+0.8-2.2

-5.1+0.3-5.4

15d

-11.9-0.2-11.7

-5.3+0.6-5.9

+10.7+4.7+6.0

+43.1+5.4+37.7

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sterlite Technologies has opened a Qualified Institutions Placement (QIP) of equity shares of face value Rs 2 each. Floor price is fixed at Rs 613.69 per share under SEBI ICDR pricing rules. Company may offer up to 5 percent discount on this floor. Final issue price will be decided with book running lead managers. Board approved on April 29, 2026 and shareholders cleared it via postal ballot on June 16, 2026. Trading window for insiders was closed from May 14, 2026.

Likely market impact

Equity dilution expected from QIP. Final issue price and institutional demand will drive short-term stock reaction.