Announced Tue, 30 Jun · 23:57 IST
Sterlite Tech QIP closes at Rs 583 per share, 5% discount to floor price
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
-7.7%1-day move
₹607.95
prior close
₹610.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.1-2.3-2.2-2.5-7.7-4.9-3.6-8.6-13.1-11.0-10.5———
Up moveDown movePending
AI summary
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.
Likely market impact
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.