Announced Wed, 24 Jun · 23:56 IST
Sterlite Tech QIP opens with floor price of Rs 613.69 per share
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 its Qualified Institutions Placement (QIP) issue on June 24, 2026. Floor price is fixed at Rs 613.69 per equity share (face value Rs 2). Shareholders had approved the issue via postal ballot on June 16, 2026, after board approval on April 29, 2026. Final issue price will be decided through book building, with the company allowed to offer up to 5 percent discount on the floor price under SEBI ICDR Regulations.
Likely market impact
Existing shareholders face potential dilution from new equity issuance. Stock may see short-term pressure if priced at a discount to market.