(STL) opened a Qualified Institutional Placement (QIP) on June 24, 2026, setting a floor price of ₹613.69 per equity share, as the company seeks to raise fresh capital from institutional investors.
The Authorization and Allotment Committee of STL’s board approved the issue on June 24. The company may offer a discount of up to 5 per cent on this floor price, as permitted by shareholder approval obtained through a special resolution via postal ballot on June 16, 2026.
The final issue price will be decided by STL in consultation with the book-running lead managers appointed for the transaction.
The QIP follows board approval granted at a meeting on April 29, 2026.
Today the stock hit its upper circuit of ₹613.35, rising 5 per cent from the previous close of ₹584.15, with the price band capped at 5 per cent. Traded volume stood at 3.91 lakh shares, with a traded value of approximately ₹23.98 crore. The stock’s 52-week range is ₹84.60 to ₹679.90, and its year-to-date return stands at 498.39 per cent. Total market capitalisation is approximately ₹29,941 crore.
Trading in STL securities for Designated Persons has been restricted since May 14, 2026, and will remain closed until 48 hours after the issue price is finalised.