Alicon Castalloy Limited closes QIP, prices at Rs. 540 per share

The Fund Raising Committee of Alicon Castalloy Limited at its meeting held today, i.e. July 01, 2021, approved the issue and allotment of 14,81,481 Equity Shares, to eligible QIBs at the issue price of ₹ 540/- per Equity Share (including a premium of ₹ 535/- per Equity Share), aggregating to ₹ 79,99,99,740/- (Rupees Seventy Nine Crores Ninety Nine Lacs Ninety Nine Thousand Seven Hundred Forty only), pursuant to the QIP.

Pursuant to the allotment of Equity Shares under the QIP, the paid-up equity share capital of the Company stands increased from ₹ 7,04,87,495/- consisting of 1,40,97,499 Equity Shares to ₹ 7,78,94,900/- consisting of 1,55,78,980 Equity Shares.

The QIP opened on June 25, 2021 and closed on June 30, 2021.

Shares of Alicon Castalloy Limited was last trading in BSE at Rs.585 as compared to the previous close of Rs. 565.45. The total number of shares traded during the day was 3753 in over 481 trades.

The stock hit an intraday high of Rs. 600 and intraday low of 571.45. The net turnover during the day was Rs. 2202212.

Source : Equity Bulls

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