PTC Industries allots 8,54,700 shares at ₹21,060 each in its QIP, raising about ₹1,800 crore
- Capital raise
- Engineering
PTC Industries Limited has told the exchanges on 9 Oct 2026 that its Listing and Fund Raising Committee approved the allotment of 8,54,700 equity shares to qualified institutional buyers at an issue price of ₹21,060 a share. The issue opened on 6 Oct 2026 and closed on 9 Oct 2026, and the total raised is ₹17,99,99,82,000, about ₹1,800 crore.
The price includes a discount of ₹1,090 a share, which is 4.92% of the floor price set under the SEBI issue rules. The premium over the face value of ₹10 is ₹21,050 a share. After the allotment the company’s paid-up equity share capital rises from ₹14,99,25,490, which is 1,49,92,549 shares.
Inference
The discount to the floor price shows that institutions bought at a price below the formula level, which SEBI’s rules allow up to 5%. The issue adds 8,54,700 shares to a base of 1,49,92,549, an increase of about 5.7%.
The part of the filing reviewed here does not state how the proceeds will be used.
Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
