Wockhardt raises Rs 480 crores via QIP

Published On 2024-03-30 07:45 GMT   |   Update On 2024-03-30 08:00 GMT
Advertisement

With the closure of its recent Qualified Institutional Placement (QIP), Wockhardt has now raised Rs 480 crores. The share allotment committee allotted a total of 92,85,163 equity shares to eligible Qualified Institutional Buyers (QIBs), including prominent investors like Madhusudan Kela's Cohesion MK Best Ideas and Prashant Jain's 3P India Equity, among others.

According to the BSE filing, 3P India Equity, managed by Prashant Jain, was allotted 14,89,360 shares, which represents 16.04 percent of the QIP size. Meanwhile, Cohesion MK Best Ideas, led by Madhusudan Kela, received 5,80,270 shares, equivalent to 6.25 percent of Wockhardt's QIP size. 

Advertisement

ICICI Prudential secured 19,34,235 shares, equivalent to 20.83 percent of total Wockhardt's QIP size. These shares were allotted to various ICICI Prudential schemes by Wockhardt share allotment committee.

Mirae Asset Fund received 8,70,406 shares, amounting to 9.37 percent of Wockhardt's QIP size. Invesco India Smallcap Fund obtained 5,80,270 shares, constituting 6.25 percent of the QIP shares offered by the pharmaceutical company.

Other notable institutions such as Tata Indian opportunities fund, Gagandeep Credit Capital, and Subhkam Ventures also received shares through the QIP share allotment process.

List of allottees who have been allotted more than 5 per cent (5%) of the equity share issued in the qualified institutions placement

Sr. No.

Name of the Allottees

Shares allotted

% shares allotted to total Issue Size

1(a)

ICICI PRUDENTIAL ELSS TAX SAVER FUND

6,10,700

6.58%

1(b)

ICICI PRUDENTIAL EQUITY & DEBT FUND

7,43,264

8.00%

1(c )

ICICI PRUDENTIAL PHARMA HEALTHCARE AND DIAGANOSTICS (P.H.D) FUND

5,80,271

6.25%

Sub-total

19,34,235

20.83%

2

TATA INDIAN OPPORTUNITIES FUND

13,53,965

14.58%

3

3P INDIA EQUITY FUND 1

14,89,360

16.04%

4(a)

MIRAE ASSET HEALTHCARE FUND MIRAHCFD

4,83,556

5.21%

4(b)

MIRAE ASSET FLEXI CAP FUND

1,54,740

1.67%

4(c )

MIRAE ASSET MULTICAP FUND

2,32,110

2.50%

Sub-total

8,70,406

9.37%

5

COHESION MK BEST IDEAS SUB-TRUST

5,80,270

6.25%

6

INEVSCO INDIA SMALLCAP FUND .

5,80,270

6.25%

7

GAGANDEEP CREDIT CAPITAL PVT LTD

5,07,000

5.46%

8

SUBHKAM VENTURES I PVT LTD

5,00,000

5.38%

Wockhardt Ltd offered a total of 92,85,163 shares to Qualified Institutional Investors at Rs 517 each, aiming to raise approximately Rs 480 crore through the QIP.

The company officially closed this Rs 480 crore QIP on Tuesday, announcing the allotment of shares to eligible QIBs. 

Read also: Wockhardt gets CDSCO Panel nod to study Biphasic insulin aspart

Tags:    

Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.

NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.

Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .

Similar News