Shopper's Stop raises Rs 130-crore through a QIP
Retail chain Shopper's Stop today said that it has raised Rs 130-crore through a Qualified Institutional Placement (QIP), a source close to the development said.
By PTI |
MUMBAI: Retail chain Shopper's Stop today said that it has raised Rs 130-crore through a Qualified Institutional Placement (QIP), a source close to the development said.
"The QIP issue was over-subscribed by nine times within hours of its launch," the source said, adding "the book is closed."
The company had earlier launched the QIP for up to 2-million equity shares from QIBs (qualified institutional buyers)--FIIs, MFs and other institutions pegging the floor price at 648.88.
Enam Securities has been appointed as the global co-ordinator and book-running lead manager while IDFC Capital is the co-book-running lead manager for the issue, the company said in a statement.
The Shopper's Stop scrip closed at Rs 682.50, up 0.71 per cent, on the Bombay Stock Exchange ( BSE) today.
"The QIP issue was over-subscribed by nine times within hours of its launch," the source said, adding "the book is closed."
The company had earlier launched the QIP for up to 2-million equity shares from QIBs (qualified institutional buyers)--FIIs, MFs and other institutions pegging the floor price at 648.88.
Enam Securities has been appointed as the global co-ordinator and book-running lead manager while IDFC Capital is the co-book-running lead manager for the issue, the company said in a statement.
The Shopper's Stop scrip closed at Rs 682.50, up 0.71 per cent, on the Bombay Stock Exchange ( BSE) today.
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