StockWatch
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Other Electrical Equipment
Corporate Action10 Aug 2026, 06:31 pm

Apar Industries Sets Floor Price at ₹14,801.25 for QIP

AI Summary

Apar Industries Ltd has announced the opening of its Qualified Institutions Placement (QIP) issue, with a floor price set at ₹14,801.25 per equity share. This decision was approved by the Share Issue Committee of Directors on August 10, 2026, following approvals from the Board of Directors on June 30, 2026, and a special resolution from shareholders on July 30, 2026. The company has also fixed August 10, 2026, as the 'Relevant Date' for the issue. A discount of up to 5% on the floor price may be offered. The preliminary placement document has been filed with BSE and NSE and is available on the company's website. The trading window for designated persons remains closed until further notice.

Key Highlights

  • Apar Industries opens Qualified Institutions Placement (QIP) issue.
  • Floor price for QIP set at ₹14,801.25 per equity share.
  • Relevant date for QIP fixed as August 10, 2026.
  • Company may offer a discount of up to 5% on the floor price.
  • Trading window remains closed for designated persons.