Zota Health Care sets QIP price at Rs 1,535 per share, around 5 percent discount to floor
ZOTA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Zota Health Care has closed its QIP issue, allotting 22.80 lakh equity shares to qualified institutional buyers at Rs 1,535 per share, a premium of Rs 1,525 over face value of Rs 10. The price is at a discount of Rs 80.28 or 4.97 percent to the floor price of Rs 1,615.28, within SEBI allowed limits. Total issue size is approximately Rs 350 crore, which will strengthen the company's capital base for future growth.
Equity dilution of about 2.28 million shares. Short-term price pressure possible; long-term impact depends on deployment of funds raised.