StockWatch
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Pharmaceuticals
Deals28 Aug 2026, 08:50 pm

Gujarat Themis Biosyn Closes QIP, Sets Price at ₹354/Share

AI Summary

Gujarat Themis Biosyn Ltd announced the closure of its Qualified Institutional Placement (QIP) issue on August 28, 2026. The Fund-Raising Committee approved the issue price at ₹354 per equity share, which includes a premium of ₹353 per share. This price represents a discount of ₹18.57 per share (4.98%) on the floor price of ₹372.57 per share, as permitted by SEBI regulations. The company will allot 2,11,86,440 equity shares to eligible Qualified Institutional Buyers (QIBs). A placement document has been adopted and will be filed with the relevant authorities and made available on the company's website.

Key Highlights

  • QIP issue closed on August 28, 2026.
  • Issue price fixed at ₹354 per equity share.
  • 2,11,86,440 equity shares to be allotted to QIBs.
  • Discount of 4.98% applied on the floor price.
  • Placement document approved and adopted.