| The company's treasury committee approved the issue on 5 July 2025. Each share carries a face value of Rs 10 and was issued at Rs 918. This price represents a discount of nearly 5% to the floor price of Rs 965.96. The QIP opened on July 2 and closed on July 4. Following this allotment, Shakti Pumps' paid-up equity share capital has increased from Rs 120.21 crore, representing 12.02 crore shares, to Rs 123.39 crore, reflecting a new total of 12.33 crore shares. Among the key institutional investors who acquired more than 5% of the shares offered, PineBridge Global Funds, through its PineBridge India Equity Fund, led the pack with an allotment of 10.89 lakh shares, accounting for 34.18% of the issue. Bank of India Small Cap Fund followed with a subscription of 2.83 lakh shares, representing 8.89%. LIC Mutual Fund also featured prominently, with its Infrastructure Fund taking up 2.17 lakh shares (6.84%), while both its Large & Mid Cap Fund and Manufacturing Fund secured 1.63 lakh shares each, contributing 5.13% each to the total issue. Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products. The company's consolidated net profit jumped 22.9% to Rs 110.23 crore while revenue from operations rose 9.2% to Rs 665.32 crore in Q4 March 2025 over Q4 March 2024. Shares of Shakti Pumps (India) fell 0.68% to Rs 936.55 on Friday, 4 July 2025. Powered by Capital Market - Live News |