Sterlite Tech QIP: 2.57 crore shares allotted at Rs 583.01, 5 percent below floor price
STLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sterlite Technologies completed its QIP, allotting 2,57,28,500 equity shares at Rs 583.01 each, a 5 percent discount to the floor price of Rs 613.69. Total issue size is about Rs 1,500 crore. The premium per share is Rs 581.01. The board approved closure of the issue, the placement document, and the confirmation of allocation note to eligible QIBs.
Equity dilution for existing shareholders. Stock may see short-term pressure due to the discount pricing of the QIP.