Borosil Renewables shines on raising Rs 200 crore through QIP

Borosil Renewables Ltd. | Glass | Construction & Infrastructure | BSE: 502219 | NSE: BORORENEW

21 Dec 2020 Evaluate

Borosil Renewables is currently trading at Rs. 172.50, up by 5.20 points or 3.11% from its previous closing of Rs. 167.30 on the BSE.

The scrip opened at Rs. 168.65 and has touched a high and low of Rs. 192.00 and Rs. 165.50 respectively. So far 309998 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 192.00 on 21-Feb-2020 and a 52 week low of Rs. 28.00 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 192.00 and Rs. 131.60 respectively. The current market cap of the company is Rs. 2355.73 crore.

The promoters holding in the company stood at 70.50%, while Institutions and Non-Institutions held 0.48% and 29.03% respectively.

Borosil Renewables has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP). The issue opened on December 14, 2020, and closed on December 17, 2020. The company allotted 1,58,04,030 shares of the face value of rupee one each at Rs 126.55 per share. Post the QIP issue, the holding of promoter and promoter group will be 61.92 per cent.

The funds raised will be utilised by the company to service its capital expenditure requirements for a brownfield expansion to more than double its solar glass production capacity from 450 tonnes per day (TPD) to 950 TPD.

Borosil is the single largest manufacturer of the complete range of volumetric glassware in the country. Their volumetric products find usage in all laboratories from high-end pharmaceutical production to high schools and colleges.

Borosil Renewables Share Price

640.65 -11.40 (-1.75%)

10-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Asahi India Glass	915.10
Borosil Renewables	640.65
Borosil Scientific	157.00
Haldyn Glass	118.45
La Opala RG	178.65
View more..

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