SpiceJet flies high on raising Rs 3000 crore through QIP
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SpiceJet is currently trading at Rs. 69.83, up by 3.67 points or 5.55% from its previous closing of Rs. 66.16 on the BSE.
The scrip opened at Rs. 67.94 and has touched a high and low of Rs. 72.80 and Rs. 67.20 respectively. So far 14706075 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.90 on 16-Sep-2024 and a 52 week low of Rs. 34.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 79.90 and Rs. 65.00 respectively. The current market cap of the company is Rs. 5526.15 crore.
The promoters holding in the company stood at 47.66%, while Institutions and Non-Institutions held 6.86% and 45.48% respectively.
SpiceJet has successfully raised Rs 3000 crore through its recently concluded Qualified Institutional Placement (QIP), which was significantly oversubscribed by investors. The QIP, which opened on September 16 and closed on September 18, received an overwhelming response from qualified investors, demonstrating strong confidence in the company’s growth prospects.
The QIP attracted a diverse pool of top-tier institutional investors and mutual funds, reaffirming the market’s belief in SpiceJet’s ability to navigate industry challenges and capitalise on the growing demand in the aviation sector. In addition to the Rs 3,000 crore raised through its QIP, SpiceJet will also receive an additional Rs 736 crore from the previous funding round, further boosting its financial stability and growth plans.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
