Arvind Limited has announced the successful closure of its Qualified Institutions Placement (QIP), allotting 99,00,990 Equity Shares at an issue price of ₹505.00 per share. This price includes a premium of ₹495.00 per share, reflecting a discount of 2.62% on the floor price. The QIP was approved by the Finance Committee and aims to raise capital under SEBI regulations.
Arvind Completes Qualified Institutions Placement
Arvind Limited has officially concluded its Qualified Institutions Placement (QIP) through a meeting of its Finance Committee held on August 5, 2026. The committee approved the closure of the issue period, following the receipt of application forms and funds from eligible Qualified Institutional Buyers (QIBs) into the company’s escrow account.
Share Allocation and Pricing Details
The Finance Committee determined and approved the allocation of 99,00,990 Equity Shares. These shares will be allotted to eligible QIBs at an issue price of ₹505.00 per Equity Share. This price comprises a face value of ₹10 and a premium of ₹495.00 per share. Notably, this represents a discount of 2.62% (equivalent to ₹13.58 per Equity Share) on the floor price of ₹518.58 per Equity Share, as permitted under the SEBI ICDR Regulations.
Confirmation and Documentation
Furthermore, the committee approved and finalized the allocation note for confirmation to the QIBs who have been allotted shares. The Placement Document, dated August 5, 2026, was also approved and adopted in connection with this QIP.
The QIP opened on August 3, 2026, and this announcement follows the company’s intimation on the same date regarding the meeting outcomes. The Placement Document will be filed with the relevant authorities and made available on the company’s website.
Source: BSE
