Time Technoplast closes QIP, raises about Rs 800 crore at Rs 201.12 per share
TIMETECHNO · price
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.0 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Time Technoplast closed its QIP on November 11, 2025, allotting 3,97,77,247 equity shares to qualified institutional buyers at Rs 201.12 per share (face value Rs 1). The issue price is at a 5 percent discount of Rs 10.58 to the floor price of Rs 211.70. Total issue size is approximately Rs 800 crore. The company has received funds in its escrow account and approved the placement document.
About 10 percent equity dilution for existing shareholders. 5 percent discount to floor price and quick 5-day closure suggest strong institutional demand.