The brief
- The QIP has an indicative price of ₹2,088 per share
- Wheels India shares closed at ₹2,186.85, down 2.40% on the BSE
- The equity raise may dilute existing shareholders in Wheels India
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| WHEELS | Fri, 25 Sept | +5.3% | +5.0% | 0.7× | +5.3% · Nifty +0.3% |
✗ Classifier read this as negative; WHEELS rose 5.0% against the Nifty on the day it traded.
- Wheels India allots 11.97 lakh equity shares under QIP issue
- Stocks to watch, Sept 25: PB Fintech, SAIL, Sedemac Mechatronics, Dr Lal Pathlabs, Genesys International, Wheels India
Wheels India’s ₹250 crore QIP
Wheels India launched a ₹250 crore QIP at an indicative price of ₹2,088 per share; its shares closed at ₹2,186.85, down 2.40%, on the BSE. A subsequent report said the shares rose after the fundraise announcement.
Thursday, 24 September
- Wheels India launches ₹250 crore QIP at ₹2,088 per share