Biocon Limited has announced the opening of its Qualified Institutions Placement (QIP) issue. The floor price for the issue has been set at ₹387.74 per equity share. The company may offer a discount of up to 5% on the floor price. The Fund Raising Committee approved the opening of the issue on January 12, 2026.
QIP Issue Details
Biocon Limited has announced the opening of its Qualified Institutions Placement (QIP) issue of equity shares. The decision was made following approvals from the Board of Directors on December 6, 2025, and shareholders at an Extra-ordinary General Meeting (EGM) on December 31, 2025.
Floor Price and Discount
The floor price for the QIP issue has been set at ₹387.74 per equity share. Biocon may offer a discount of up to 5% on this floor price, as per shareholder approval. The ‘relevant date’ for the issue, as per regulations, is January 12, 2026.
Issue Price Determination
The final issue price will be determined by Biocon in consultation with the book running lead managers appointed for the QIP issue. The Fund Raising Committee meeting for this purpose concluded on January 12, 2026.
Trading Window Closure
The trading window for dealing in the company’s securities has been closed and will remain so until further notice, in accordance with insider trading regulations.
Source: BSE
