Announced Thu, 25 Jun · 24:04 IST
Sterlite Tech opens QIP issue, floor price set at Rs 613.69 per share
Fund Raising View source PDF
STLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.4%1-day move
₹585.90
prior close
₹613.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+8.4+3.8+0.8-4.2-1.3-5.1-11.9-5.3——
Up moveDown movePending
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.