StockWatch
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Other Industrial Products
Deals6 Oct 2026, 10:40 pm

PTC Industries Approves Floor Price of ₹22,150 for Fund Raising

AI Summary

PTC Industries Ltd's Listing and Fund Raising Committee has approved the opening of an issue, along with a preliminary placement document and application form. The committee has set the floor price for the issue at ₹22,150.00 per Equity Share, determined as per SEBI ICDR Regulations. The 'relevant date' for this purpose is October 06, 2026. The company may offer a discount of up to 5% on the floor price, with the final issue price to be decided in consultation with book running lead managers. The board had previously approved this fund-raising initiative on June 27 and September 05, 2026, with members also passing a special resolution on August 01, 2026.

Key Highlights

  • Committee approved opening of fund-raising issue.
  • Floor price set at ₹22,150 per Equity Share.
  • Potential discount of up to 5% on floor price.
  • Issue price to be determined with book running lead managers.
  • Relevant date for pricing fixed as October 06, 2026.