Shoppers Stop Launches QIP of Equity Shares

Shoppers Stop Ltd has announced that the Company has launched Qualified Institutional Placement for upto 2 million Equity Shares from Qualified institutional Buyers-Foreign Institutional Investors, Mutual Funds and other institutions. The floor price of the issue is Rs. 648.88/-. Enam Securities Private Ltd. is the Global Coordinator and Book Running Lead Manager and IDFC Capital Ltd is Co - Book Running Lead Manager.

The stock was trading at Rs.681.55, up by Rs.3.85 or 0.57%. The stock hit an intraday high of Rs.702 and low of Rs.680.05.

The total traded quantity was 0.41 lakhs compared to 2 week average of 0.44 lakhs.

Source : Equity Bulls

Keywords