Ramkrishna Forgings, as reported in a BSE notification on November 13, successfully raised Rs 1,000 crore through a Qualified Institutions Placement (QIP) of its equity shares. The Capital-Market Committee, in its meeting on the same day, approved the allotment of 1,62,86,644 equity shares with a face value of Rs 2 at an issue price of Rs 614 per Equity Share, representing a premium of Rs 612 per Equity Share.
Highlighting the success of its inaugural QIP, the company noted a robust response from both domestic and foreign institutional investors, including notable names like Nomura, SmallCap World Fund from Capital Group, and BNP Paribas. These investors collectively secured up to 71.22% of the offered equity shares.
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