1 week ago
GACM Technologies Raises ₹49.5 Crore Through QIP Issue
GACM Technologies raised money from large institutional investors.
It used a process called a qualified institutional placement, or QIP.
Through this process, the company issued 49.50 crore new shares.
Each share was priced at ₹1.
Altogether, the company received ₹49.50 crore.
Some investors came from overseas.
The company said the money will improve its financial position.
It also plans to use the funds for strategic projects and long-term growth.
GACM Technologies Limited raised ₹49.50 crore through a qualified institutional placement.
The company allotted 49.50 crore fully paid-up equity shares.
Each share had a face value of ₹1 and was issued at ₹1 per share.
The QIP attracted overseas institutional investors, including four named funds.
GACM Technologies said the funds would strengthen its finances and support strategic initiatives.
- Who
- GACM Technologies Limited and participating institutional investors.
- What
- The company raised ₹49.50 crore through a qualified institutional placement.
- Where
- The article does not specify a location.
- When
- The filing was published on August 22, 2026.
- Why
- The company said the funds would strengthen its financial position and support strategic initiatives.
Key facts
- Amount raised
- ₹49.50 crore
- Fundraising route
- Qualified institutional placement (QIP)
- Shares allotted
- 49.50 crore fully paid-up equity shares
- Issue price
- ₹1 per share
- Face value
- ₹1 per share
- Investor participation
- Overseas institutional investors participated
- Stated use of funds
- Strengthening the financial position and pursuing strategic initiatives
Quotes
GACM Technologies Limited
The company named in the filing announcing the QIP allotment
“Through the QIP, the Company allotted 49.50 crore fully paid-up Equity Shares of face value ₹1 each at an issue price of ₹1 per Equity Share, aggregating to ₹49.50 crore.”
thehindubusinessline.com
Sources
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