Amber Enterprises sets floor price at ₹7,790.88 per share for ₹2,500 crore QIP
Published on 16/09/2025 09:17 PM
Amber Enterprises sets floor price at ₹7,790.88 per share for ₹2,500 crore QIPThe company said it may offer up to a 5% discount to the floor price and will determine the final issue price in consultation with book-running lead managers.By Poonam Behura September 16, 2025, 9:17:11 PM IST (Published)1 Min ReadAmber Enterprises India Ltd said on Tuesday its board committee approved the launch of a qualified institutions placement (QIP) of equity shares to raise up to ₹2,500 crore and set the floor price at ₹7,790.88 per share.
"We further wish to inform you that the Fund Raising Committee of the Board has fixed the ‘Relevant Date’ for the purpose of the Issue, in terms of Regulation 171 (b)(i) of the SEBI ICDR Regulations, as on 16 September, 2025, and accordingly the Floor Price in respect of the Issue has been determined, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations, as ₹7,790.88 per Equity Share," the company said in its statement.
The company said it may offer up to a 5% discount to the floor price and will determine the final issue price in consultation with book-running lead managers.
In July, Amber’s board had approved an enabling resolution to raise funds up to ₹2,500 crore through permissible securities, subject to statutory and shareholder approvals.
Amber’s fund-raising committee also approved the preliminary placement document dated Sept. 16 and fixed the “relevant date” for the issue in line with SEBI rules.
Amber’s shares ended 2.6% higher at a price of ₹8,291.20 on Tuesday.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsQIPshare market today