Shares of HFCL Limited will be in focus after the company announced the successful closure of its Qualified Institutions Placement (QIP) on Wednesday, December 24, 2025, raising around Rs 550 crore.
In a regulatory filing, HFCL said its Fund Raising Committee approved the closure of the QIP issue on December 24, following receipt of applications and funds from eligible qualified institutional buyers .
Key details of HFCL QIP
HFCL approved the allocation of 8,79,29,651 equity shares with a face value of Rs 1 each at an issue price of Rs 62.55 per share. The issue price represents a 5% discount to the floor price of Rs 65.84, in line with SEBI ICDR Regulations .
The issue price includes a premium of Rs 61.55 per share, and the pricing was determined as per the formula prescribed under Regulation 176 of the SEBI ICDR Regulations.
Placement document approved
The board committee also approved and adopted the placement document dated December 24, 2025, and finalised the confirmation of allocation notes to be issued to qualified institutional buyers. The placement document has been made available on the company’s website, HFCL said in its filing .
Regulatory compliance
HFCL stated that the disclosure has been made in compliance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting of the Fund Raising Committee commenced at 9:00 am and concluded at 9:25 am on December 24, 2025 .
The successful completion of the QIP strengthens HFCL’s capital base and provides additional financial flexibility for its ongoing and future business requirements.
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