Diamond Power Raises ₹1,613 Cr via QIP

Diamond Power Infrastructure Limited successfully raised ₹1,613.97 crore through a Qualified Institutions Placement (QIP), as announced in an exchange filing on July 28, 2026. The company’s Management Committee approved the allotment of 7.11 crore equity shares to eligible qualified institutional buyers.

Each share was issued at a price of ₹227, including a premium of ₹226 per share. This issue price represented a discount of ₹11.92, or 4.99 percent, compared to the floor price calculated under SEBI regulations.

Key QIP Details

• QIP Amount Raised: ₹1,613.97 crore
• Equity Shares Allotted: 7.11 crore
• Issue Price per Share: ₹227
• Discount to Floor Price: ₹11.92 (4.99%)
• QIP Period: July 23 to July 28, 2026

Following this successful fundraising, Diamond Power’s paid-up equity share capital increased from ₹52.70 crore to ₹59.81 crore. The total number of outstanding equity shares also rose from 52.70 crore to 59.81 crore.

Major Institutional Allotments

The QIP attracted a diverse group of institutional investors, with significant allocations to major mutual funds and foreign portfolio investors.

• Motilal Oswal Mutual Fund: 1.76 crore shares (24.78% of issue)
• HDFC Mutual Fund: 1.32 crore shares (18.59%)
• Smallcap World Fund: 10.17%
• HSBC Mutual Fund: 6.20%
• Mirae Asset Mutual Fund: 6.20%
• Goldman Sachs India Equity Portfolio: 5.95%
• VQ Fastercap Fund: 5.58%
• Tata Mutual Fund: 5.58%

This QIP provides Diamond Power with fresh capital from a broad base of domestic mutual funds, foreign portfolio investors, and an alternative investment fund. The company confirmed it would submit the revised shareholding pattern along with its listing application.