Mumbai, July 5 -- 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 ...