Cemindia Projects Allots ₹1,400 Crore Equity Shares via QIP
Cemindia Projects Limited has approved the allotment of 1,26,35,379 equity shares via a Qualified Institutions Placement (QIP). The issue price was ₹1,108.00 per share, raising a total of ₹1,400 Crore. The QIP opened on October 14, 2026, and closed on October 19, 2026.
The QIP of ₹1,400 Crore represents a substantial capital infusion, which can significantly impact the company's growth, expansion plans, and financial leverage.
The company successfully raised a significant amount of capital through a Qualified Institutions Placement, which is generally viewed positively as it strengthens the company's financial position.
Cemindia Projects Limited (formerly ITD Cementation India Limited) has approved the allotment of 1,26,35,379 equity shares of face value ₹1 each through a Qualified Institutions Placement (QIP).
The allotment was made at an issue price of ₹1,108.00 per equity share, which includes a premium of ₹1,107.00 per share. This price reflects a discount of ₹50.58 (4.37%) on the floor price of ₹1,158.58.
The total amount raised through this QIP is ₹1,400 Crore. The QIP opened on October 14, 2026, and closed on October 19, 2026. The meeting of the Management Committee to approve the allotment commenced at 11:15 p.m. and concluded at 11:22 p.m. on October 19, 2026.
Following this allotment, the company's issued equity share capital has increased from ₹17.18 crore (17,18,12,844 shares) to ₹18.44 crore (18,44,48,223 shares). The subscribed, issued, and paid-up equity share capital has also increased from ₹17.18 crore (17,17,87,584 shares) to ₹18.44 crore (18,44,22,963 shares). A difference of 25,260 equity shares in the issued and subscribed capital is due to shares kept in abeyance from a previous rights issue.
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Cemindia Projects Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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