Archive · 22 Aug 2026
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.
- When
- The filing was published on August 22, 2026.
- Where
- The article does not specify a location.
- Why
- The company said the funds would strengthen its financial position and support strategic initiatives.
- 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