Cemindia Projects’s Rs 1,400-crore qualified institutional placement (QIP) was oversubscribed 2.3 times on the base issue size, according to people aware of the matter, with leading domestic mutual funds and financial investors participating in the share sale.
The company priced the QIP at Rs 1,108 per share, raising Rs 1,400 crore through the issuance of approximately 1.26 crore equity shares, representing 6.85% of its post-issue share capital.
