Sheela Foam shares jump on QIP launch
Shares of Sheela Foam jumped nearly 2% on September 21 as the company launched its proposed qualified institutional placement (QIP) to fund its acquisition of Kurlon.
The floor price for the QIP issue is Rs 1,133.99 per share. The trading window for the company’s Designated Persons has been closed from September 21st, 2023 till 48 hours after determination of issue price.
Promoters hold the majority 72.95% stake in the company. DIIs and FIIs hold 21.95% and 3.21% stake in the company respectively. The remaining 1.89% stake is held by the Public.
Sheela Foam stock has delivered a return of 7.14% over the last six months. In comparison, the benchmark Nifty50 index has surged by 16.33% over the same duration.
- 22 Sep
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- 22 Sep
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