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HCC Launches ₹400-Crore QIP with Floor Price of ₹45.27/Share

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Synopsis:

Hindustan Construction Company launched a ₹400-crore QIP with a floor price of ₹45.27/share, discounted at ₹43.01/share for investors. Funds will address operational needs and debt repayment.


Hindustan Construction Company (HCC) has initiated its Qualified Institutional Placement (QIP) to raise ₹400 crore, with an option to extend to ₹600 crore. The board has set a floor price of ₹45.27 per share for the issue, aligning with SEBI guidelines. However, the issue price is fixed at ₹43.01 per share, representing a discount of 8.4% to the current market price and 5% to the SEBI-mandated floor price.

Also read: Gravita India Launches ₹750-Crore QIP at ₹2,206.49/Share Floor Price

HINDUSTAN CONSTRUCTION CO

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25.2-0.46 (-1.79 %)

Updated - 02 May 2025
26.08day high
DAY HIGH
25.11day low
DAY LOW
12883644
VOLUME (BSE)

Key Takeaways

  • QIP Details: ₹400 crore base size, extendable to ₹600 crore.

  • Pricing: Floor price at ₹45.27/share; issue price at ₹43.01/share.

  • Objective: Fund ongoing projects and repay debt.

Also read: ADIA to Divest ₹1,903-Crore Stake in Mindspace REIT at ₹350/Share

Impact on Hindustan Construction Company Share Price

Hindustan Construction Company share price closed at ₹46.95 on Monday, rising 1.91% post-market announcement. The discounted pricing aims to attract institutional investors, which could potentially enhance market liquidity and investor interest.

Utilisation of Funds

The QIP proceeds will address:

  1. Operational Needs: Financing ongoing infrastructure projects.

  2. Debt Repayment: Strengthening the company’s financial stability.

HCC Financial Overview

Metric

Details

QIP Floor Price

₹45.27/share

Issue Price

₹43.01/share

Discount to CMP

8.4%

Target Amount

₹400-600 crore

Hindustan Construction Company Share Price (CMP)

₹46.95 (BSE close)

The launch of HCC's ₹400-crore QIP demonstrates its focus on bolstering financial resilience and supporting infrastructure projects. With discounted pricing and a targeted utilisation of funds, this initiative is poised to strengthen the company’s operational and market position.

Also read: Mankind Pharma Launches ₹3,000-Crore QIP to Fund BSV Acquisition

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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