Shilpa Medicare shines on getting nod to raise fund through QIP
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Shilpa Medicare is currently trading at Rs. 528.55, up by 23.35 points or 4.62% from its previous closing of Rs. 505.20 on the BSE.
The scrip opened at Rs. 509.90 and has touched a high and low of Rs. 533.90 and Rs. 507.50 respectively. So far 41024 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 533.90 on 09-Apr-2024 and a 52 week low of Rs. 228.25 on 06-Jun-2023.
Last one week high and low of the scrip stood at Rs. 533.90 and Rs. 489.15 respectively. The current market cap of the company is Rs. 4609.18 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 8.58% and 41.41% respectively.
Shilpa Medicare has received approval from Securities Issue Committee of the Board to raise fund through Qualified Institutional Placement (QIP). Its board has approved the floor price for the issue being Rs 477.33 per Equity Share for the issue. Additionally, the company has authorized the opening of the issue on April 8, 2024.
Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following international specifications.
