Real estate firm Brigade Enterprises has raised Rs 1,500 crore through a qualified institutional placement (QIP) share sale, with investors including ICICI Prudential, Kotak AMC, Nippon Life, Goldman Sachs, and others, investing up to Rs 86 crore each.
Bengaluru-based Brigade Enterprises allotted 1.3 crore equity shares to investors at Rs 1,150 per share -- a discount of 1.26 percent to the floor price. The allotment price is nearly 12 percent lower than the stock’s previous closing price of Rs 1,303 on 5 September.
Brigade Enterprises QIP: List of allottees with more than 5% of the issue
| Name | No. of Shares | % of Issue |
| ICICI Prudential Bharat Consumption Fund | 7,43,479 | 5.7 |
| Kotak Small Cap Fund | 7,43,479 | 5.7 |
| Nippon India Small Cap Fund | 7,43,479 | 5.7 |
| Franklin India Multicap Fund | 7,43,479 | 5.7 |
| Smallcap World Fund | 7,43,479 | 5.7 |
| SBI Infrastructure Fund | 7,43,479 | 5.7 |
| Axis Flexi Cap Fund | 7,43,479 | 5.7 |
| Goldman Sachs India Equity Portfolio | 7,22,474 | 5.5 |
The issue opened on 2 September 2024 and closed on 5 September 2024, Brigade Enterprises said in a stock exchange filing.
Following the allotment of these shares, Brigade Enterprises' paid-up equity share capital rises to Rs 244.2 crore, consisting of 24.42 crore shares with a face value of Rs 10 each. As of the end of the April-June quarter, the promoters held a 43.72 percent stake in the company.
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