Asahi India Glass Ltd (AIS), one of India’s leading integrated glass manufacturers, has officially opened its Qualified Institutional Placement (QIP) to raise funds. The company has set the floor price at ₹844.79 per share, in line with the Securities and Exchange Board of India’s (SEBI) pricing formula.
The QIP, which was approved by the company’s board earlier this year and by shareholders in March through a special resolution, was formally launched on September 15, 2025, after approval by the Committee of Directors.
Pricing and Flexibility
As per regulatory provisions, AIS has the flexibility to offer a discount of up to 5% on the floor price. The final issue price will be determined in consultation with the appointed lead managers and is expected to be finalized at a committee meeting scheduled for September 18, 2025.
Strategic Rationale
The funds raised from the QIP will be utilized to strengthen AIS’s balance sheet and fuel its growth initiatives. The company, which serves both automotive and architectural glass markets, has been expanding operations to cater to the rising demand for value-added glass solutions in India.
With the ongoing growth in the automobile sector and rapid urban infrastructure development, AIS is positioning itself to capture a larger market share by enhancing capacity and innovation.
Summary
- QIP Launched: Asahi India Glass opens Qualified Institutional Placement.
- Floor Price: ₹844.79 per share, as per SEBI norms.
- Discount Option: Up to 5% discount allowed.
- Timeline: Final price to be fixed on September 18, 2025.
- Purpose: Strengthen balance sheet and support growth plans.
- Business Focus: Automotive and architectural glass segments.
Disclaimer:
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