Corporate Action9 Oct 2026, 10:46 pm
PTC Industries Closes QIP, Allots 8.54 Lakh Shares at ₹21,060
AI Summary
PTC Industries Limited announced the closure of its Qualified Institutions Placement (QIP) issue on October 9, 2026. The Listing and Fund Raising Committee approved the allocation of 8,54,700 Equity Shares at an issue price of ₹21,060 per share. This price represents a discount of ₹1,090 (4.92%) to the floor price of ₹22,150 per share. The company also approved the placement document and confirmation of allocation notes for the eligible qualified institutional buyers. The meeting commenced at 10:00 PM and concluded at 10:30 PM.
Key Highlights
- QIP issue closed on October 9, 2026.
- 8,54,700 equity shares allocated to QIBs.
- Issue price set at ₹21,060 per share.
- Discount of 4.92% offered on the floor price.
- Placement document and allocation notes approved.
Price Impact
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