Dilip Buildcon Limited closed QIP issue on April 26, 2021

Dilip Buildcon Limited announced the closure of the qualified institutional placement (QIP) issue on April 26, 2021. The QIP committee of the company has determined and approved the issue and allotment of almost 9.45 million equity shares of a face value of Rs 10 each to eligible qualified institutional buyers, at an issue price of Rs 540 per equity share (including a premium of Rs 530 per share), which is at a discount of 5 per cent to the floor price of Rs 568.41 per share, aggregating Rs 5.1 trillion. The QIP issue was opened on April 20, 2021.

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