Shakti Pumps allots shares in qualified institutional placement

Shakti Pumps (India) has announced the allotment of 3,187,365 Equity Shares to qualified institutional buyers following a Treasury Committee meeting on July 5, 2025. The shares, with a face value of INR10 each, were issued at a price of INR918 per share, including a premium of INR908. This price represents a 4.97% discount to the floor price of INR965.96 per share. The issuance aggregates to approximately INR2926.00 million and was conducted in accordance with SEBI ICDR Regulations. The issue opened on July 2, 2025, and closed on July 4, 2025. Following the allotment, the company's paid-up equity share capital increased from INR120,21,06,000 to INR123,39,79,650. Major allottees included Pinebridge Global Funds, Bank of India Small Cap Fund, and LIC MF Funds.