Somany Ceramics gains on raising Rs 120 crore through QIP

24 Dec 2015

Somany Ceramics is currently trading at Rs. 374.00, up by 0.70 points or 0.19% from its previous closing of Rs. 373.30 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 375.90 and Rs. 372.00 respectively. So far 1227 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 499.90 on 22-Apr-2015 and a 52 week low of Rs. 296.00 on 29-Dec-2014.

Last one week high and low of the scrip stood at Rs. 390.00 and Rs. 363.00 respectively. The current market cap of the company is Rs. 1589.23 crore.

The promoters holding in the company stood at 56.22% while Institutions and Non-Institutions held 8.92% and 34.86% respectively.

Somany Ceramics has raised Rs 120 crore through Qualified Institutional Placement (QIP) route. The company has approved the issue and allotment of 35,34,600 equity shares of face value Rs 2 each to Qualified Institutional Buyers (QIB) at the issue price of Rs 339.5 per equity share.

Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323