Shakti Pumps (India) Limited — QIP/Rights/Pref., 05-07-2025: Qualified Institutional Placement

Shakti Pumps has closed a qualified institutional placement (QIP) to raise Rs. 292.6 Cr by issuing 31.87 lakh equity shares at Rs. 918 each (including premium). The issue price was set at a 4.97% discount to the floor price. Proceeds are typically aimed at business expansion and strengthening the balance sheet, though specific use of funds wasn’t detailed. The offer was made exclusively to qualified institutional buyers and was completed within a few days. This fundraise strengthens the company’s equity base to support growth plans.