Cemindia Projects Closes ₹1,400 Crore QIP, Allocating 1.26 Crore Shares at ₹1,108
- Capital raise
- Engineering and Construction
Cemindia Projects Limited, formerly ITD Cementation India Limited, has told the exchanges that its management committee closed the qualified institutions placement of equity shares on 19 Oct 2026, after receiving application forms and funds in the escrow account from eligible qualified institutional buyers. It allocated 1,26,35,379 equity shares of face value ₹1 each at an issue price of ₹1,108 a share, including a premium of ₹1,107.
The price is a 4.37% discount, or ₹50.58 a share, to the floor price of ₹1,158.58 determined under Regulation 176(1) of the SEBI ICDR Regulations. At that price the issue raises about ₹1,400 crore (derived). The committee also approved the placement document dated 19 Oct 2026 and the confirmation of allocation note to be sent to the investors. The meeting ran from 9:20 p.m. to 9:35 p.m.
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