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Titagarh Rail Systems gains on raising Rs 700 crore via issue of shares to QIBs

14 Dec 2023 Evaluate

Titagarh Railsystems is currently trading at Rs. 1023.50, up by 3.30 points or 0.32% from its previous closing of Rs. 1020.20 on the BSE.

The scrip opened at Rs. 1027.00 and has touched a high and low of Rs. 1033.15 and Rs. 1010.05 respectively. So far 26579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1073.65 on 12-Dec-2023 and a 52 week low of Rs. 182.00 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 1073.65 and Rs. 979.95 respectively. The current market cap of the company is Rs. 13644.47 crore.

The promoters holding in the company stood at 44.97%, while Institutions and Non-Institutions held 27.31% and 27.72% respectively.

Titagarh Rail Systems has raised Rs 699.9 crore through allotment of 75,02,679 equity shares to the eligible Qualified Institutional Buyers (QIBs) at the issue price of Rs 933 per equity share. 

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the company stands increased from Rs 25.43 crore consisting of 12,71,71,089 Equity Shares to Rs 26.93 crore consisting of 13,46,73,768 Equity Shares. The Qualified Institutions Placement Committee (the QIP Committee) at its meeting held on December 13, 2023, approved the issue and allotment of the same. 

Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.


Titagarh Railsystems Share Price

741.05 3.85 (0.52%)
17-Apr-2026 16:59 View Price Chart
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