GACM Technologies Raises Rs 49.50 Cr via QIP
By Business Desk
GACM Technologies successfully concludes Qualified Institutions Placement (QIP), raising Rs 49.50 crore from institutional investors, including overseas funds.
GACM Technologies has successfully concluded its Qualified Institutions Placement (QIP) initiative, securing a total of Rs 49.50 crore.
This strategic capital raise involved the allotment of 49.50 crore fully paid-up equity shares.
QIP Financial Breakdown
- Total Capital Raised: Rs 49.50 crore
- Equity Shares Allotted: 49.50 crore
- Face Value per Share: Re 1
- Issue Price per Share: Re 1
Each of the allotted equity shares carried a face value of Re 1, with the issue price also set at Re 1 per share.
The successful conclusion marks a significant financial development for GACM Technologies.
Global Investor Participation
A notable aspect of this QIP was the active involvement of overseas institutional investors.
These participants included various funds based in Mauritius, which are duly registered under the applicable Foreign Portfolio Investor (FPI) framework.
Their participation underscores international confidence in the company’s trajectory and market position.
Strategic Enhancement
GACM Technologies views the engagement of these international institutional investors as a crucial development.
The company anticipates this involvement will significantly enhance its profile and recognition among global investment institutions.