SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Action Construction Equipment informs about outcome of QIP committee meeting

24 Sep 2021 Evaluate
Action Construction Equipment has informed that the Qualified Institutions Placement Committee ('QIP Committee') has, at its meeting held today September 24, 2021 approved the issue and allotment of 56,00,000 Equity Shares of face value Rs 2 each to eligible qualified institutional buyers at the issue price of Rs 242 per Equity Share (including a premium of Rs 240 per Equity Share) against the floor price of Rs 254.55 per Equity Share, aggregating to Rs 1,35,52,00,000, pursuant to the Issue in accordance with the SEBI ICDR Regulations.

The above information is a part of company’s filings submitted to BSE.

Action Const. Equip Share Price

916.35 2.05 (0.22%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BEML 1771.10
Action Const. Equip 916.35
Sanghvi Movers 304.25
TIL 206.55
Brady & Morris Engg 828.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×