Arvind Limited Concludes QIP, Allocating 99 Lakh Shares at ₹505 Per Share
Arvind Limited has concluded its Qualified Institutional Placement (QIP) of equity shares, following a meeting of its Finance Committee held on August 5, 2026. The company announced the allocation details for the placement, setting the final issue price and finalizing the terms of the transaction with eligible Qualified Institutional Buyers (QIBs).The Finance Committee approved the closure of the QIP issue period on August 5, 2026, after receiving application forms and funds in the escrow account from participating QIBs. As a result, Arvind Limited determined and approved the allocation of 99,00,990 Equity Shares to eligible institutional buyers.
The placement was finalized at an issue price of ₹505.00 per Equity Share. This pricing structure incorporated a premium of ₹495.00 per Equity Share, which factored in a discount of 2.62% (equivalent to ₹13.58 per Equity Share) applied against the floor price of ₹518.58 per Equity Share.
The approval confirmed that all aspects of the placement process were finalized, including adopting the Placement Document dated August 5, 2026. Furthermore, the company approved and finalized the confirmation of the allocation note to be sent to the QIBs whose shares are being allotted.
Key details regarding the QIP closure include:
| Detail | Value |
|---|---|
| Total Equity Shares Allocated | 99,00,990 |
| Final Issue Price per Share | ₹505.00 |
| Premium per Equity Share | ₹495.00 |
| Floor Price used for calculation | ₹518.58 |
| Discount Applied | 2.62% (₹13.58) |
The QIP had commenced on August 3, 2026, and the closure of the issue period was formally completed by the Finance Committee meeting in the evening of August 5, 2026. The Placement Document related to this transaction is available on the company’s website, www.arvind.com.
ARVIND Stock Price Movement
Shares of Arvind Limited today slipped by 0.61% to settle at ₹545.1, closing down after trading sessions. The stock traded intraday within a range from a low of ₹540.2 to a high of ₹558.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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