Capacite Infra surged 4 percent in the early trade on January 9 after the company launched a qualified institutional placement (QIP) to raise up to Rs 200 crore.
The floor price of the QIP has been set at Rs 264.89 apiece, a 4 percent discount from the closing price in the previous session. The issue price of the QIP will be determined by the company in consultation with the lead managers.
At 9.28 am, Capacite Infra was trading at Rs 281.90 on the National Stock Exchange.
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The Mumbai-headquartered company delivered a solid performance in 2023, eking out returns of over 72 percent in the calendar year.
The strong stock performance has also been guided by the company’s growth trajectory. Recently, the construction company bagged a project worth Rs 101 crore from Tridhaatu Aranya Developers LLP.
Managing director and chief executive officer Rahul Katyal also remains optimistic of Capacite Infra's strong growth in FY24. The order inflow for the current financial year, along with existing order book, gave the company confidence to deliver good growth in the coming quarters, he said.
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