Gujarat Themis Biosyn Limited Approves Qualified Institutional Placement (QIP) and Sets Floor Price
Gujarat Themis Biosyn Limited has approved key parameters for the Qualified Institutional Placement (QIP) of its equity shares to qualified institutional buyers (QIBs). The company set the floor price for the QIP following the approval of its Board of Directors and a special resolution passed by its shareholders.The Board of Directors, in a meeting held on August 25, 2026, approved the preliminary placement document dated August 25, 2026, along with the draft application form related to the QIP. The approval process was preceded by a special resolution passed by the company's shareholders on August 22, 2026.
The company determined the floor price for the QIP based on the prescribed pricing formula. The Relevant Date for the QIP was set as August 25, 2026, resulting in the floor price being set at ₹ 372.57 per Equity Share.
Gujarat Themis Biosyn Limited has the discretion to offer a discount of not more than 5% on the calculated floor price during the placement.
Details regarding the placement and related operational timelines are summarized below:
| Parameter | Detail |
|---|---|
| Event | Qualified Institutions Placement (QIP) |
| Relevant Date | August 25, 2026 |
| Floor Price | ₹ 372.57 per Equity Share |
| Discount Option | Not more than 5% on the floor price |
| Board Meeting Date | August 25, 2026 |
In relation to the QIP, the company also provided guidance regarding the trading window for all Designated Persons. The trading window for dealing in the securities of the company is closed from August 25, 2026, until 48 hours after the determination of the Issue price.
GUJTHEM Stock Price Movement
On Tuesday, shares of Gujarat Themis Biosyn Limited shed 0.90% on the close, settling at ₹404.70. The stock was traded amidst a range defined by a high of ₹416.65 and a low of ₹392, with total volume reaching 926,859 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.
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