Archive · 23 Sep 2026
Aditya Infotech Shares Hit Upper Circuit After QIP Launch
Aditya Infotech, which operates CP Plus, is trying to raise ₹1,500 crore.
It is doing this through a qualified institutions placement, or QIP.
A QIP lets a company raise money from large institutional investors.
The company set the minimum offer price at ₹3,648.43 per share.
It may give investors a discount of up to 5% from that price.
The final issue price will be decided with the help of the appointed lead managers.
After the QIP was launched, Aditya Infotech shares rose sharply on Wednesday.
The shares reached an upper trading limit of ₹3,826.20 on BSE.
Aditya Infotech launched a ₹1,500 crore qualified institutions placement on Wednesday.
The company set the QIP floor price at ₹3,648.43 per equity share.
Aditya Infotech may offer institutional investors a discount of up to 5% on the floor price.
Shares rose close to 5% before reaching the upper circuit of ₹3,826.20 on BSE.
The stock had an intraday low of ₹3,689.65 and a market capitalization of ₹45,264.11 crore at 9:53 a.m.
- Who
- Aditya Infotech Limited, the operator of CP Plus.
- What
- The company launched a ₹1,500 crore qualified institutions placement and set its floor price.
- When
- Wednesday’s trading session; the stock reached the reported level at 9:53 a.m.
- Where
- On BSE and in the Indian stock market.
- Why
- To raise ₹1,500 crore through the QIP.
- Fundraising method
- Qualified institutions placement (QIP)
- Fundraising target
- ₹1,500 crore
- QIP floor price
- ₹3,648.43 per equity share
- Maximum possible discount
- Not more than 5% below the floor price
- Upper-circuit price
- ₹3,826.20 per share
- Intraday low
- ₹3,689.65 per share
- Market capitalization
- ₹45,264.11 crore at 9:53 a.m.