Capacit’e Infra Raises ₹200 cr Via QIP 

Mumbai, January 12, 2024: Capacit’e Infraprojects Limited, announced successful completion of its fundraise of ₹ 200 crores through a Qualified Institutional Placement (QIP). The book was subscribed more than four times and witnessed traction from a diversified set of investors, mentions a press release issued by the company.

The QIP Committee at its meeting approved the issue allotment of 79,47,546 equity shares of face value of ₹ 10 each to 24 Qualified Institutional Buyers (QIBs) at an issue price of ₹ 251.65 per equity share (including a premium of ₹ 241.65 per Equity Share). The allotment of equity shares under the Issue sees several renowned institutional investors including Quant Mutual Fund, Singularity Equity Fund, ITI MF among others garnering a significant portion of the Issue.

The proceeds from the QIP will be utilised for funding working capital requirements and other general corporate purpose of the Company

Commenting on this pivotal development, Rohit Katyal, Executive Director of Capacit’e Infrastructures Limited, said “We are pleased to witness such a positive response to our Qualified Institutional Placement, which reflects the trust that investors have in Capacit’e Infra’s potential. The funds raised through this QIP shall empower us to accelerate our growth trajectory and further strengthening our position in the building infrastructure sector. We appreciate the support from our investors and remains committed to delivering long-term value to its shareholders, customers, and partners.”