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Shakti Pumps (India) to raise upto Rs 200 crore through QIP

20 Mar 2024 Evaluate

Shakti Pumps (India) has received approval to raise upto Rs 200 crore through qualified institutional placement (QIP) at a floor price of Rs 1,272.09 per share. The company may offer a discount of not more than 5% on the floor price so calculated for the issue.

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.

Peers
Company Name CMP
Kirloskar Brothers 1766.85
Elgi Equipments 585.15
Shakti Pumps (India) 454.25
KSB 806.60
Oswal Pumps 264.20
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