![Sheela Foam raises ₹1,200 cr via QIP; stock jumps 4%](https://images.assettype.com/fortuneindia%2F2023-07%2Fde486030-5784-4322-8825-231d25296d71%2Fkurlon.png?w=300&q=95)
Sheela Foam raises ₹1,200 cr via QIP; stock jumps 4%
The board of Sheela Foam allocated 11,131,725 equity shares at an issue price of ₹1,078, a discount of 4.94% to the floor price of ₹1,133.99 apiece.
The board of Sheela Foam allocated 11,131,725 equity shares at an issue price of ₹1,078, a discount of 4.94% to the floor price of ₹1,133.99 apiece.
The home appliances company proposes to raise ₹1,000 crore via qualified institutional placement (QIP) of shares at floor price of ₹784.55 apiece.