Sterlite Tech QIP opens with floor price of Rs 613.69 per share

QIP at a discountFund Raising View source PDF Explain this filing

STLTECH · price

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Price reactionminutes from the announcement price · days from the prior close

+4.7%Reaction day

₹585.90

prior close

₹613.35

announcement price

After-mkt

timing

Nifty Microcap 250market-0.6%+5.3% vs market

On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+4.7-0.6+5.3

Next day

+8.4-0.9+9.3

+3.8+0.1+3.6

+0.8+0.3+0.5

-4.2+1.2-5.4

-1.3+0.8-2.2

-5.1+0.3-5.4

15d

-11.9-0.2-11.7

-5.3+0.6-5.9

+10.7+4.7+6.0

+43.1+5.4+37.7

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.