Diamond Power Infrastructure Completes QIP, Allocates 71 Million Equity Shares at ₹227 Per Share
Diamond Power Infrastructure Limited has completed its Qualified Institutions Placement (QIP) for equity shares of face value ₹ 1 each. The Company announced the outcomes of its Management Committee meeting held on July 28, 2026, confirming the closure and allocation details of the issue.The placement concluded after receiving application forms totaling an aggregate of 7,11,00,000 fully paid-up Equity Shares from eligible qualified institutional buyers.
Key details regarding the allocation and pricing structure for the QIP are as follows:
| Detail | Value |
|---|---|
| Total Shares Allocated | 7,11,00,000 |
| Allocation Price per Share | ₹ 227 |
| Premium per Equity Share | ₹ 226 |
| Floor Price per Share | ₹ 238.92 |
| Discount Applied on Floor Price | ₹ 11.92 (4.99%) |
During the Management Committee meeting, the Company approved and finalized several key operational elements related to the placement. These included approving the allocation of the 7,11,00,000 Equity Shares to eligible qualified institutional buyers at the confirmed price.
The company also approved the placement document dated July 28, 2026, and authorized the issuance of a refund intimation letter to any bidders who are entitled to receive a refund amount. The Management Committee finalized the process by approving the confirmation of the allocation note (CAN) which will be sent to the eligible qualified institutional buyers regarding their share allotment.
DIACABS Stock Price Movement
On Tuesday, Diamond Power Infrastructure Limited saw a strong surge in its stock as the equity gained 4.86%, closing at ₹321.39. The rally was robust, with the share price hitting the 52-week high while trading volumes reached 8.88 million shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.