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regular-article-logo Friday, 08 November 2024

SpiceJet allots 48.70 crore shares at Rs 61.6, nearly Rs 3,000 crore raised through a QIP

Investors that picked up more than 5 per cent included Authum Investment (9.33 per cent), Discovery Global Opportunity (Mauritius) (8.33 per cent), Troo Capital (6.67 per cent), Societe General-ODI (6.04 per cent) and Goldman Sachs (Singapore) Pte-ODI (5.33 per cent)

Our Special Correspondent Mumbai Published 22.09.24, 06:41 AM
Representational image

Representational image File picture

SpiceJet on Saturday said it has allotted over 48.70 crore shares to institutional investors at a price of 61.60 per share. The budget carrier mobilised nearly 3,000 crore through a qualified institutional placement.

In a regulatory filing, the airline said its fund-raising committee has “approved the allocation of 48,70,12,986 equity shares at an issue price of 61.60 apiece (including a premium of 51.60 per equity share), which takes into account a discount of 3.19 a share, or 4.92 per cent, to the floor price of 64.79 per share’’.

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The total amount raised stands at 2,999.99 crore.

These shares were issued to 87 investors that included Neuberger Berman Investment Funds, ITI Multi Cap Fund, Geosphere India Fund, Saint Capital Fund, Morgan Stanley Asia, Troo Capital, Tata Flexi Cap Fund, Bandhan Small Cap Fund, Jupiter India Fund, Vikasa India EIF Fund, OAKS Emerging Umbrella Fund, White Oak India Equity and Nuvama Alternative Strategies Trust.

Investors that picked up more than 5 per cent included Authum Investment (9.33 per cent), Discovery Global Opportunity (Mauritius) (8.33 per cent), Troo Capital (6.67 per cent), Societe General-ODI (6.04 per cent) and Goldman Sachs (Singapore) Pte-ODI (5.33 per cent).

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