StockWatch
·
Stockbroking & Allied
Investment13 Aug 2026, 10:16 am

GACM Technologies Opens QIP Issue for ₹49.50 Cr

AI Summary

GACM Technologies Ltd has announced the opening of its Qualified Institutional Placement (QIP) Issue, aiming to raise up to ₹49.50 Crores. The Fund Raising Committee approved the launch on August 13, 2026, with the placement opening on the same day. The offer price is set at ₹1 per Equity Share, which is a premium to the regulatory floor price of ₹0.67. This move is intended to fund the company's next phase of expansion and invites eligible Qualified Institutional Buyers to participate. The preliminary placement document has been filed with BSE Limited.

Key Highlights

  • GACM Technologies launches QIP issue to raise up to ₹49.50 Crores.
  • Offer price set at ₹1 per share, a premium to the floor price of ₹0.67.
  • Issue opens on August 13, 2026, targeting eligible Qualified Institutional Buyers.
  • Funds to support the company's next phase of expansion.
  • Trading window closed for designated persons due to the QIP.