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.
3273 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
Sonalika Tractors Posts July Sales of 11,442 Units
Autocar Professional Bureau
03 Aug 2026
Agricultural equipment manufacturer achieves 27.2% domestic growth and records highest market share gain amid rising dem...
Ather Explores Accelerating Aurangabad Phase 2 Expansion as EV Demand Surges
Kiran Murali
03 Aug 2026
Tarun Mehta says Ather could have sold 13,000-15,000 units more every month if supply were available. Phase 1 of its Aur...
JSW MG Motor Introduces Limited Couture Editions of M9 and Cyberster
Dev Vadchhedia
03 Aug 2026
Luxury division collaborates with fashion designer Gaurav Gupta to launch 50 customized units per model with deliveries ...
