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
3328 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
Suzuki Motorcycle India Launches Hayabusa Special Edition at Rs 19.90 Lakh
Dev Vadchhedia
28 Sep 2026
Suzuki's flagship superbike receives lighter lithium-ion battery, recalibrated electronic rider aids, and new dual-tone ...
Tata Motors Expands BaaS Across Entire EV Line-Up
Dev Vadchhedia
28 Sep 2026
Tata Motors introduces the scheme to its Nexon, Curvv, Sierra, and Harrier EVs.
Mahindra Plans Up To Rs 25,000 Cr Capex by FY2028 as ICRA Reaffirms AAA Rating
Dev Vadchhedia
28 Sep 2026
ICRA maintains stable outlook across Rs 1,150 crore debt facilities, as Mahindra considers greenfield facility in Nagpur...
