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The QIP Committee of PG Electroplast Limited has confirmed the closure of the equity shares issue period, having received applications and funds from qualified institutional buyers. A total of 2,14,59,218 equity shares will be allotted at ₹699 per share, incorporating a premium of ₹698, after a discount of ₹6.18. The issuance of refund letters to eligible bidders has also been approved. The placement document related to this QIP has been finalised, indicating movement towards capital infusion. This development could enhance the company's financial flexibility and growth prospects, warranting careful observation by investors.