Follow us
Ramkrishna Forgings raises Rs 1,000 crore through QIP
The Capital-Market Committee at its meeting held on November 13, 2023, approved the allotment of 1,62,86,644 equity shares of face value of Rs 2 at an issue price of Rs 614 per Equity Share i.e., at a premium of Rs 612 per Equity Share.
By Autocar Professional Bureau
3137 Views
Ramkrishna Forgings has raised Rs 1,000 crore via a QIP (Qualified Institutions Placement) of its equity shares, it noted in a BSE notification on 13 November.
The Capital-Market Committee at its meeting held on November 13, 2023, approved the allotment of 1,62,86,644 equity shares of face value of Rs 2 at an issue price of Rs 614 per Equity Share i.e., at a premium of Rs 612 per Equity Share.
The company says its first-ever QIP has witnessed a strong response from marquee domestic and foreign institutional investors. Investors such as Nomura, SmallCap World Fund from Capital Group and BNP Paribas, among others, took part in the issue and were allocated up to 71.22% of the offered equity shares.
RELATED ARTICLES
Exclusive: Balaje Rajan Moves to UK as Group Chief Strategy Officer, JLR; To Anchor TMPV–JLR Synergies
Ketan Thakkar
23 Mar 2026
New group strategy role reflects Tata Motors’ focus on global integration and EV alignment
LetzRyd Raises USD 4 Million in Funding Round Led by JIF Capital
Arunima Pal
23 Mar 2026
LetzRyd's platform provides vehicles and drivers to taxi-hailing operators while offering vehicle ownership pathways for...
Volvo Cars Reduces Per Car CO₂ Emissions by 31%
Arunima Pal
23 Mar 2026
Electrified vehicles and plug-in hybrids now make up 46% of Volvo Cars' global sales.
