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
3285 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
Omega Seiki Mobility Partners With Electra AI On Battery Intelligence
Eshisha Java
18 Aug 2026
Omega Seiki Mobility will use Electra AI’s battery intelligence platform for real-time monitoring, predictive analytics ...
Bentley Appoints T.Jon Mayer As Head Of Exterior Design
Eshisha Java
18 Aug 2026
T.Jon Mayer will lead Bentley’s Exterior Design team while continuing to oversee Design Operations, including digital mo...
Exicom Makes India’s First Liquid-cooled Charging Modules, Starts US Exports
Mukul Yudhveer Singh
18 Aug 2026
EVSE CEO Anshuman Divyanshu says Exicom spent nearly two years and about $3.5 million developing the technology, with In...
