Sterlite Tech QIP closes at Rs 583 per share, 5% discount to floor price
STLTECH · price
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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.
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Sterlite Technologies closed its QIP issue on June 30, 2026, allotting 2.57 crore equity shares at Rs 583.01 per share, including a Rs 581.01 premium over the Rs 2 face value. The issue price is at a 5% discount to the floor price of Rs 613.69, equating to a Rs 30.68 per share discount. Total issue size is about Rs 1,500 crore. The issue had opened on June 24, 2026.
Pricing at 5% below floor price may signal short-term dilution pressure. However, Rs 1,500 crore raise strengthens balance sheet for growth or debt reduction.