Asahi India Glass opens QIP issue, sets floor price

Asahi India Glass Limited (AIS) announced the opening of its Qualified Institutional Placement (QIP) on September 15, 2025. The LTP Committee approved the preliminary placement document and application form for eligible qualified institutional buyers, following board approval on January 29, 2025, and shareholder approval on March 15, 2025.

The floor price for the QIP has been set at ₹844.79 per equity share, determined in accordance with SEBI ICDR Regulations. The company may offer a discount of up to 5% on this floor price at its discretion. The issue price will be finalized in consultation with lead managers.

A subsequent LTP Committee meeting is scheduled for September 18, 2025, to consider and approve the final issue price, including any permitted discount. The trading window for Asahi India Glass will be closed until September 18, 2025, for the purpose of this issue.