Notification
No new Notification messages
Zinka Logistics Solutions IPO is Open!
Apply for the Zinka Logistics Solutions IPO through UPI in just minutes.
Q2 FY'24-25 Results of Top Companies
Reliance, TCS, HDFC Bank & more: Explore key financial highlights from India's top quarterly results.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

GPT Infraprojects Approves QIP with Floor Price of ₹183.83 Per Share

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

GPT Infraprojects approved a QIP at a floor price of ₹183.83 per share. The stock closed at ₹187.20 on Monday, 1.36% lower, but has surged 353.82% over the past year, significantly boosting investor returns.

GPT Infraprojects News Today

Kolkata-based infrastructure firm GPT Infraprojects Limited announced on Monday, August 26, that its Fund Raising Committee, with approvals from the board of directors and shareholders, has sanctioned a Qualified Institutional Placement (QIP) to secure additional funds.

Investors and market watchers will be closely monitoring the outcome of this QIP and its impact on the GPT Infraprojects share price.

Floor Price Set at ₹183.83 Per Share

The floor price for the QIP has been determined at ₹183.83 per equity share, according to the pricing formula stipulated under Regulation 176 of the SEBI ICDR Regulations. The company has also indicated the possibility of offering a discount of up to 5% on the floor price at its discretion, which could attract more institutional investors to the placement.

GPT INFRAPROJECTS LTD

Trade

133.46-0.06 (-0.04 %)

Updated - 21 November 2024
135.50day high
DAY HIGH
126.10day low
DAY LOW
262003
VOLUME (BSE)

QIP Details and Authorization

The committee not only approved the preliminary placement document dated August 26, 2024, but also authorised the opening of the QIP issue to eligible qualified institutional buyers.

GPT Infraprojects Share Price Performance

On Monday, GPT Infraprojects share price closed at ₹187.20, reflecting a 1.36% decrease from the previous trading session. Despite this minor decline, the stock has delivered an impressive return of 353.82% over the past 12 months, multiplying investor wealth significantly.

Strategic Implications

The decision to proceed with a QIP highlights GPT Infraprojects' intent to leverage institutional investment for expanding its operational capabilities and exploring new infrastructure projects. The capital raised through this placement could be pivotal in driving the company’s long-term growth and profitability, thereby further enhancing shareholder value.

Key Takeaways

GPT Infraprojects' approval of the QIP is a strategic move to secure additional funds in a competitive market environment. By setting a competitive floor price and offering potential discounts, the company aims to attract substantial institutional interest, ensuring the success of the placement.

The significant appreciation in GPT Infraprojects share price over the past year reflects strong investor confidence, positioning the company favourably as it embarks on its next phase of growth.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs + Users

icon-with-text

4.8+ App Rating

icon-with-text

4 Languages

icon-with-text

₹5000+ Cr MTF Book

icon-with-text