On July 5, 2025, Shakti Pumps (India) Limited announced the successful closure of its Qualified Institutional Placement (QIP) of equity shares. The company’s Treasury Committee convened a meeting on the same day and approved the closure of the issue dated July 4, 2025, after receiving application forms and escrowed funds from eligible Qualified Institutional Buyers (QIBs).
Issue Details and Pricing
Shakti Pumps issued 31,87,365 equity shares with a face value of ₹10 each to QIBs at a price of ₹918 per share. This includes a premium of ₹908 per share. The issue price reflects a discount of 4.97% on the floor price of ₹965.96, making the offering strategically attractive for institutional investors. The total amount raised through this QIP aggregates to ₹2,926 million (₹292.6 crore).
Regulatory Compliance and Approvals
The resolutions passed by the Treasury Committee included not only the approval of the issue’s closure and pricing but also the finalization of the confirmation of allocation notes to the participating QIBs. Additionally, the committee approved and adopted the placement document dated July 4, 2025, in line with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Filing and Disclosure
In accordance with regulatory requirements, the company submitted the placement document to both BSE Limited and the National Stock Exchange of India Limited.
Efficient Execution
The QIP process was initiated on July 2, 2025, and completed efficiently by July 4, 2025. The meeting of the Treasury Committee that ratified the process was conducted between 3:00 A.M. and 3:10 P.M. on July 5, 2025.
This QIP is a significant milestone for Shakti Pumps as it strengthens the company’s capital base to support future growth. By efficiently executing the fundraising exercise and offering a competitive price point, Shakti Pumps has reaffirmed its credibility among institutional investors and demonstrated strong corporate governance and regulatory compliance.
