Zota Health Care fixes QIP price at Rs 1,535 per share, 4.97% discount to floor
ZOTA · price
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On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 4.4 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Zota Health Care has closed its QIP, allotting 22.80 lakh equity shares at Rs 1,535 per share to qualified institutional buyers. The price is at a 4.97% discount to the floor price of Rs 1,615.28. Total issue size is about Rs 350 crore.
Equity dilution for existing shareholders. Raises about Rs 350 crore for company growth.