Asahi India Glass (AIS) has successfully completed its Qualified Institutions Placement (QIP), raising ₹10,000 million. The company issued 1,18,37,261 equity shares at a price of ₹844.79 per share. This placement increases the company’s equity share capital from ₹24,30,89,931 to ₹25,49,27,192. Proceeds will be used to support the company’s growth initiatives and strategic objectives.
QIP Issue and Allotment
Asahi India Glass (AIS) successfully executed and closed its Qualified Institutions Placement (QIP) on September 18, 2025. The LTP Committee approved the issue and allotment of 1,18,37,261 Equity Shares. The face value is ₹1 each. Allotment was made to 24 eligible qualified institutional buyers.
Pricing and Premium
The issue price was set at ₹844.79 per Equity Share, which includes a premium of ₹843.79 per Equity Share.
Impact on Share Capital
Following the QIP, the company’s paid-up equity share capital has increased. It went from ₹24,30,89,931 consisting of Twenty Four Crores Thirty Lakhs Eighty Nine Thousand Nine Hundred and Thirty One Equity Shares to ₹25,49,27,192. The new total consists of Twenty Five Crores Forty Nine Lakhs Twenty Seven Thousand One Hundred and Ninety Two Equity Shares.
Major Allottees
Several key institutional investors were allotted more than 5% of the equity shares offered in the QIP:
- THELEME INDIA MASTER FUND LIMITED: 24,85,824 shares (21.00%)
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND: 24,85,824 shares (21.00%)
- SBI MAGNUM CHILDREN’S BENEFIT FUND – INVESTMENT PLAN: 15,38,843 shares (13.00%)
- MOTILAL OSWAL SMALL CAP FUND: 12,25,157 shares (10.35%)
- SBI AUTOMOTIVE OPPORTUNITIES FUND: 7,10,236 shares (6.00%)
Source: BSE