HFCL completes ₹550 crore qualified institutional placement

HFCL Limited announced on December 24, 2025, the successful completion of a qualified institutions placement (QIP), raising approximately ₹550 crores. The company allotted 87,929,651 equity shares, each with a face value of ₹1, at an issue price of ₹62.55 per share. This price included a premium of ₹61.55 per share and incorporated a 5% discount, or ₹3.29, to the floor price of ₹65.84.

The QIP, which opened on December 22, 2025, and closed on December 24, 2025, saw participation from 14 eligible qualified institutional buyers. Rajasthan Global Securities Private Limited was the largest allottee, receiving 19,184,652 shares, representing 21.82% of the total equity shares offered in the issue. Necta Bloom VCC - Necta Bloom One followed, being allotted 15,987,210 shares, or 18.18% of the offering.

Other significant allottees included Finquest Financial Solutions Pvt. Ltd., Shine Star Build Cap Pvt Ltd, Nova Global Opportunities Fund PCC – Touchstone, and Abundantia Capital VCC- Abundantia Capital III, receiving 13.64%, 9.09%, 8.55%, and 7.27% respectively. The company will submit its updated shareholding pattern along with the listing application.