Sterlite Technologies opens QIP issue 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

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10m

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15m

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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) for equity shares of face value Rs 2 each. Floor price is Rs 613.69 per share, with a discount of up to 5 percent permitted. Board approved on April 29, 2026, and shareholders approved via postal ballot on June 16, 2026. Relevant date is June 24, 2026. Trading window for insiders closed since May 14, 2026. Final issue price to be decided with book running lead managers.

Likely market impact

QIP may dilute existing shareholders but will raise capital. Up to 5 percent discount is permitted on floor price of Rs 613.69.