HFCL Limited has approved the allocation of 8,79,29,651 Equity Shares at an issue price of ₹62.55 per Equity Share under its Qualified Institutions Placement (QIP). The decision was made by the Fund Raising Committee of Directors on December 24, 2025. The QIP issue closed on the same day following the receipt of application forms and funds. The placement document was also approved.
QIP Issue Closure and Share Allocation
The Fund Raising Committee of Directors of HFCL Limited convened on December 24, 2025, to finalize key aspects of its Qualified Institutions Placement (QIP) issue. This meeting culminated in several important resolutions impacting the company’s equity structure and financial standing.
Key Decisions
The committee approved the closure of the QIP issue, effective December 24, 2025. This decision followed the successful receipt of all application forms and corresponding funds into the designated escrow account, satisfying the conditions for closure. The company also agreed to several other key decisions at the meeting:
Equity Share Allocation Details
A significant outcome of the meeting was the determination and approval of the allocation of 8,79,29,651 Equity Shares. These shares were priced at ₹62.55 each. This price represents a discount of ₹3.29 per Equity Share, or 5%, relative to the floor price of ₹65.84 as allowed by regulatory guidelines. This includes a premium of ₹61.55 per Equity Share.
Document Approval
The placement document for the QIP, dated December 24, 2025, was formally approved and adopted during the committee meeting.
Allocation Confirmation
Finally, the committee approved the finalized confirmation of allocation note. This note will be dispatched to the eligible qualified institutional buyers, providing them with formal notification of their allocated Equity Shares as part of the QIP issue.
Source: BSE
