Wheels India Ltd Closes QIP, Allocates 11.97 Lakh Shares at ₹2088

Wheels India Ltd announced the successful closure of its Qualified Institutional Placement (QIP) issue. The Fundraise Committee approved the closure of the issue on September 25, 2026, after receiving applications and funds from eligible qualified institutional buyers. The company allocated 11,97,318 Equity Shares at an issue price of ₹2088 per share, which includes a premium of ₹2078 per share. This price represents a discount of ₹109.10 (4.97%) to the floor price of ₹2197.10. The Placement Document has been approved and adopted, and confirmation of allocation notes will be sent to the allottees. Refund intimations will be issued to any entitled bidders. The trading window for insider trading was closed from September 24, 2026, for 48 hours.