Diamond Power Infrastructure Completes Qualified Institutional Placement of Equity Shares
Diamond Power Infrastructure Limited successfully completed a Qualified Institutions Placement (QIP) of equity shares, raising substantial funds during the placement period held from July 23, 2026, to July 28, 2026. The move signals expansion and renewed capital inflow into the company.The Management Committee approved the allotment of 71,100,000 equity shares to eligible Qualified Institutional Buyers (QIBs). These shares were issued at a price of ₹ 227 per Equity Share, which included a premium of ₹ 226 per share. The total aggregate amount raised from this placement amounted to ₹ 1,61,397.00 lakhs.
The successful completion of the QIP significantly impacted the company's financial structure. As a result of the allotment, the paid-up equity share capital increased from ₹ 52,69,71,060, comprising 52,69,71,060 Equity Shares, to ₹ 59,80,71,060, consisting of 598,071,060 Equity Shares.
The core details of the placement are summarized below:
| Feature | Detail |
|---|---|
| Type of Issuance | Qualified Institutions Placement (QIP) |
| Total Securities Issued | 71,100,000 Equity Shares |
| Issue Price per Share | ₹ 227 |
| Total Proceeds Raised | ₹ 16,13,97,00,000/- |
Key Institutional Investors Participate in Placement
The placement saw participation from major domestic and international institutional investors. According to the details provided, several funds received allotments greater than 5% of the total issue size.Prominent allottees who secured more than 5% of the equity shares include:
- SMALLCAP WORLD FUND, INC: Allotted 7,232,200 shares, representing 10.17%.
- HSFC TRUSTEE COMPANY LIMITED - HDFC FLEXI CAP FUND: Secured 6,955,715 shares, accounting for 9.78%.
- GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO: Allotted 4,232,229 shares, making up 5.95% of the offering.
- VQ FASTERCAP FUND: Received 3,964,758 shares, amounting to 5.58%.
Other institutional participants included MOTILAL OSWAL FLEXI CAP FUND (19.83%), HDFC LARGE AND MID CAP FUND (2.17%), and TATA MUTUAL FUND - TATA ELSS FUND (2.54%).
DIACABS Stock Price Movement
Diamond Power Infrastructure Limited shares rallied on Tuesday, closing up 4.86% to settle at ₹321.39 as the stock traded strongly toward its peak. The powerful advance helped the company achieve a new 52-week high, with nearly 8.9 million shares recorded in the trading activity.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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