Shares of Capri Global Capital Ltd. declined nearly 3% to ₹176.14 in Tuesday’s early trade after the company launched a Qualified Institutions Placement (QIP) to raise funds. The floor price has been set at ₹153.93 per share, as per a regulatory filing dated June 9.
The company’s QIP Committee, in a meeting held on Monday, approved the preliminary placement document and authorised the opening of the issue. Capri Global also mentioned it may offer a discount of up to 5% on the floor price, in line with shareholder approval granted on September 19, 2024.
The issue is being undertaken in accordance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The relevant date for pricing is June 9, 2025, and the final issue price will be decided in consultation with the book running lead manager.
The QIP was earlier approved by the Board of Directors on August 3, 2024, and subsequently by shareholders at the Annual General Meeting (AGM).
Capri Global’s market capitalization currently stands at Rs 146.05 billion, and the stock has a P/E ratio of 30.68.
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