PG Electroplast Limited — QIP/Rights/Pref., 10-12-2024: Allotment of Securities

PG Electroplast has announced a board meeting regarding the Qualified Institutional Placement (QIP) of equity shares, successfully raising approximately ₹1,499.99 crore. The company issued 21,459,218 equity shares at an issue price of ₹699 each, which includes a premium. Following this issuance, the paid-up equity share capital has increased significantly. Major allotments went to institutional investors, including Motilal Oswal, Nippon, Kotak, and Axis, with significant holdings above 5% of the shares offered. This capital infusion aims to bolster the company’s growth and operational capacity.