Asahi India Glass Limited successfully completed its Qualified Institutions Placement (QIP) of ₹1,000 Crore. The LTP Committee approved the allotment of 1,18,37,261 Equity Shares at a price of ₹844.79 per share on September 19, 2025. The QIP opened on September 15, 2025, and closed on September 18, 2025. The company’s equity share capital has increased to ₹25,49,27,192.
QIP Issue Approved
The LTP Committee of Asahi India Glass Limited approved the allotment of 1,18,37,261 Equity Shares via a Qualified Institutions Placement (QIP) on September 19, 2025. The issue price was set at ₹844.79 per Equity Share, including a premium of ₹843.79 per Equity Share. The total QIP amounted to ₹1,000 Crore.
Issue Details
The QIP issue opened on September 15, 2025, and closed on September 18, 2025. This allotment complies with SEBI ICDR Regulations.
Share Capital Increase
Following the allotment, the paid-up equity share capital of Asahi India Glass Limited increased from ₹24,30,89,931 to ₹25,49,27,192, comprising 25,49,27,192 fully paid Equity shares of face value of ₹1 each.
Major Allottees
Several institutional investors received more than 5% of the offered equity shares:
THELEME INDIA MASTER FUND LIMITED and NIPPON LIFE INDIA TRUSTEE LTD were allotted 24,85,824 shares each, representing 21.00% of the issue size.
SBI MUTUAL FUND was also allotted 24,85,824 shares, comprising 21.00% of the issue. The allocation breakdown is as follows:
- SBI MAGNUM CHILDREN’S BENEFIT FUND – INVESTMENT PLAN: 15,38,843 shares
- SBI AUTOMOTIVE OPPORTUNITIES FUND: 7,10,236 shares
- SBI RESURGENT INDIA OPPORTUNITIES SCHEME: 2,36,745 shares
MOTILAL OSWAL MUTUAL FUND received 12,42,913 shares, accounting for 10.50%. This includes:
- MOTILAL OSWAL SMALL CAP FUND: 12,25,157 shares
- MOTILAL OSWAL SERVICES FUND: 17,756 shares
ADITYA BIRLA SUN LIFE MUTUAL FUND was also allotted 12,42,913 shares, representing 10.50%. This includes:
- ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE MNC FUND: 3,72,874 shares
- ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C – ADITYA BIRLA SUN LIFE VALUE FUND: 3,10,728 shares
- ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE MULTI-CAP FUND: 3,10,728 shares
- ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE TRANSPORTATION AND LOGISTICS FUND: 2,48,583 shares
Source: BSE