Capacit'e Infra's ₹ 200-crore QIP sees bids from Quant Mutual Fund, Singularity Equity Fund, ITI MF

Capacit'e Infraprojects Limited, a prominent player in the Indian building infrastructure sector, has announced the successful completion of its fund raise of ₹ 200 crores through a Qualified Institutional Placement (QIP). The book was oversubscribed by more than 4 times and witnessed traction from a diversified set of investors.

The QIP Committee at its meeting approved the issue allotment of 79,47,546 equity shares of face value of ₹ 10 each to 24 Qualified Institutional Buyers (QIBs) at an issue price of ₹ 251.65 per equity share (including a premium of ₹ 241.65 per Equity Share). The allotment of equity shares under the Issue sees several renowned institutional investors including Quant Mutual Fund, Singularity Equity Fund, ITI MF among others garnering a significant portion of the Issue.

The proceeds from the QIP will be utilised for funding working capital requirements and other general corporate purpose of the Company.

The QIP was part of Capacit'e Infra's broader financial strategy to position the Company for enhanced operational capabilities and sustained market performance. The strong response from investors is a testament to the market's confidence in Capacit'e Infra's business model and growth prospects.

Commenting on this pivotal development, Rohit Katyal, Executive Director of Capacit'e Infrastructures Limited, said "We are pleased to witness such a positive response to our Qualified Institutional Placement, which reflects the trust that investors have in Capacit'e Infra's potential. The funds raised through this QIP shall empower us to accelerate our growth trajectory and further strengthening our position in the building infrastructure sector. We appreciate the support from our investors and remains committed to delivering long-term value to its shareholders, customers, and partners."

Shares of Capacit'e Infraprojects Limited was last trading in BSE at Rs. 281.45 as compared to the previous close of Rs. 284.45. The total number of shares traded during the day was 121335 in over 2625 trades.

The stock hit an intraday high of Rs. 294.25 and intraday low of 279.65. The net turnover during the day was Rs. 34736510.00.

Source : Equity Bulls

Keywords

CapaciteInfraprojects INE264T01014 FundRaising QIP QuantMutualFund SingularityEquityFund ITIMF