Shriram Transport Finance to raise Rs 500 cr via QIP
Company News

Shriram Transport Finance to raise Rs 500 cr via QIP

Shriram Transport Finance Co (STFC) has approved a qualified institutional placement (QIP) offering and a capital infusion from its promoter enterprise Shriram Capital Ltd to raise funds.

The company informed the stock exchanges that Shriram Capital would invest Rs 500 crore in the company through a preferential allotment of equity shares and warrants.

According to a source familiar with the company's fundraising plans, the vehicle financier hopes to raise as much as Rs 2,000 crore through the QIP offering.

As shown in a SEBI formula, the company has set a minimum price of Rs 1,433.32 per QIP. Companies are allowed to offer investors a discount of up to 5% on the floor price under the QIP mechanism.

The issue price for the shares and warrants that Shriram Capital will subscribe to has been set at Rs 1,440 per share. Shriram Finance's stock closed at Rs 1,490.1 per share, up 4.64% on the Bombay stock exchange.

The lender stated in an offer document filed with the stock exchanges that the Net Proceeds will be used to supplement their long-term resources for -- meeting funding requirements of their business activities, financing future growth opportunities, and general corporate purposes, subject to compliance with applicable laws and regulations.

ICICI Securities, JP Morgan, and Axis Capital are among the investment banks advising the company on the QIP offering.

Image Source


Also read: Shriram Housing Finance to get Rs 500 cr capital infusion

Also read: Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC

Shriram Transport Finance Co (STFC) has approved a qualified institutional placement (QIP) offering and a capital infusion from its promoter enterprise Shriram Capital Ltd to raise funds. The company informed the stock exchanges that Shriram Capital would invest Rs 500 crore in the company through a preferential allotment of equity shares and warrants. According to a source familiar with the company's fundraising plans, the vehicle financier hopes to raise as much as Rs 2,000 crore through the QIP offering. As shown in a SEBI formula, the company has set a minimum price of Rs 1,433.32 per QIP. Companies are allowed to offer investors a discount of up to 5% on the floor price under the QIP mechanism. The issue price for the shares and warrants that Shriram Capital will subscribe to has been set at Rs 1,440 per share. Shriram Finance's stock closed at Rs 1,490.1 per share, up 4.64% on the Bombay stock exchange. The lender stated in an offer document filed with the stock exchanges that the Net Proceeds will be used to supplement their long-term resources for -- meeting funding requirements of their business activities, financing future growth opportunities, and general corporate purposes, subject to compliance with applicable laws and regulations. ICICI Securities, JP Morgan, and Axis Capital are among the investment banks advising the company on the QIP offering. Image Source Also read: Shriram Housing Finance to get Rs 500 cr capital infusion Also read: Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC

Related Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code