20 Oct 2026
Cemindia Projects closed a Rs 1,400 crore QIP, allotting 1.26 crore shares at Rs 1,108, a 4.37% discount to the floor price.
The issue was upsized from the 90.3 lakh shares on offer at launch and was subscribed about 2.3 times. The Adani-group EPC firm's board had approved raising up to Rs 5,000 crore.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.