Arvind Limited’s Finance Committee has approved the allotment of 99,00,990 equity shares, raising approximately ₹500 crore through a Qualified Institutions Placement (QIP). The issue price was set at ₹505.00 per share. This successful QIP has resulted in an increase of the company’s paid-up equity share capital, reflecting a strategic move to bolster its financial resources. The details of the allottees holding over 5% of the issue size have been disclosed.
Arvind Limited Completes ₹500 Crore QIP
Arvind Limited has announced the outcome of its Finance Committee meeting held on August 5, 2026. The committee has formally approved the allotment of 99,00,990 equity shares, each with a face value of ₹10, through a Qualified Institutions Placement (QIP). This issuance successfully raised approximately ₹500 crore (Rupees Five Hundred Crores only).
Issue Details and Pricing
The QIP was conducted at an issue price of ₹505.00 per Equity Share. This price includes a premium of ₹495.00 per Equity Share. Notably, this issue price incorporates a discount of ₹13.58 per Equity Share, which represents 2.62% of the floor price, as determined in accordance with SEBI ICDR Regulations.
Impact on Paid-Up Capital
Following the allotment of these equity shares under the QIP, Arvind Limited’s paid-up Equity Share capital has seen a significant increase. The capital has risen from ₹2,62,13,96,400 (comprising 26,21,39,640 Equity Shares) to ₹2,72,04,06,300 (comprising 27,20,40,630 Equity Shares). The company will submit the updated shareholding pattern as per SEBI Listing Regulations.
Allottee Information
The meeting of the Finance Committee convened and concluded within a brief period on August 5, 2026. A detailed list of allottees who have been allocated more than 5% of the Equity Shares offered in the issue has been provided as Annexure A. Key allottees include entities like SBI Life Insurance Co. Ltd, Nippon Life India Trustee Ltd, and various Mutual Funds from Aditya Birla Sun Life, ICICI Prudential, HDFC, and Invesco.
Source: BSE
