15-04-2024 11:50 AM | Source: Accord Fintech
Shilpa Medicare trades higher on raising Rs 499 crore through QIP

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Shilpa Medicare is currently trading at Rs. 513.25, up by 8.65 points or 1.71% from its previous closing of Rs. 504.60 on the BSE.

The scrip opened at Rs. 501.05 and has touched a high and low of Rs. 518.55 and Rs. 486.95 respectively. So far 35076 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. 486.95 respectively. The current market cap of the company is Rs. 4450.33 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 raised Rs 499.99 crore through qualified institutional placement (QIP) of equity shares. The issue opened on April 08, 2024 and closed on April 12, 2024. 

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs 8,68,01,898 comprising of 8,68,01,898 Equity Shares of face value of Rs 1 each to Rs 9,77,90,908, comprising of 9,77,90,908 Equity Shares of face value of Rs 1 each.

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.