Globus Spirits Limited Announces Floor Price for Equity Share Placement to Qualified Institutions
Globus Spirits Limited has established the floor price for a qualified institutions placement (QIP) of its equity shares, following resolutions passed by its management and shareholders.The Fund Raising Committee of Globus Spirits Limited approved the preliminary placement document and application form related to the Issue during a meeting held on August 4, 2026. This decision followed the approval by the Board of Directors on November 20, 2025, and the special resolution passed by shareholders on December 18, 2025.
The Company approved a floor price of ₹883.67 per Equity Share for the QIP.
In relation to this Issue, Globus Spirits Limited specified that August 4, 2026, serves as the relevant date. The pricing formula prescribed under the regulations determined the floor price at ₹883.67 per Equity Share.
The Company confirmed that it may offer a discount of up to 5% on the calculated floor price for the Issue, adhering to the parameters set forth by the shareholders’ special resolution. While the pre-determined floor price is established, the final issue price will be determined in consultation with the book running lead manager appointed for the placement.
Details from the Fund Raising Committee meeting indicate it commenced at 8:00 pm and concluded at 9:17 pm. The management also noted that trading related to the Company had been closed from August 4, 2026, until 48 hours after the determination of the issue price for all Designated Persons.
GLOBUSSPR Stock Price Movement
On Tuesday, shares of Globus Spirits Limited shed value, slipping 1.20% and closing at ₹890.95. The stock traded within a session range of ₹888.00 to ₹910.00, with 41,160 shares trading on the day.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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