Wheels India QIP closes at Rs 2,088 per share, 4.97% discount to floor price

QIP at a discountFund Raising View source PDF Explain this filing

WHEELS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.9%Reaction day

₹2345.00

prior close

₹2320.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+0.7% vs market

Auto Components & Equipments peers, median of 123sector-1.6%+0.7% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.7 pts more than its Auto Components & Equipments peers, 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

+0.2

15m

+0.9

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-1.6+0.7-1.6+0.7

Next day

-5.8-0.6-5.2-1.6-4.2

-5.1-0.8-4.3-1.4-3.7

-4.7-2.1-2.6-3.1-1.6

-6.2-2.1-4.1-3.9-2.3

-2.7-0.8-1.9-3.2+0.5

-6.8-3.8-3.0-5.7-1.1

15d

-6.4-6.9+0.5-8.4+2.0

-4.5-8.0+3.5-8.3+3.8

—————

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 123Pending

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

AI summary

Wheels India raised about Rs 250 crore through a Qualified Institutions Placement, allotting 11.97 lakh equity shares at Rs 2,088 per share. The issue price carries a premium of Rs 2,078 over the face value of Rs 10 and is at a 4.97 percent discount to the floor price of Rs 2,197.10. The Fundraise Committee approved closure of the issue and allocation of shares to eligible institutional buyers on September 25, 2026.

Likely market impact

Fresh equity issuance will dilute existing shareholders; pricing at a discount to floor price may put short-term pressure on the stock.