The company said its QIP Committee met today to authorise the opening of the issue and approve the preliminary placement document dated June 9, 2025. The issue is being conducted in accordance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as well as applicable provisions of the Companies Act, 2013.
Capri Global noted that it may offer a discount of up to 5% on the floor price, as permitted by shareholder approval passed on September 19, 2024. The issue price will ultimately be determined in consultation with the appointed book running lead manager, the company said.
The relevant date for pricing the issue, as per SEBI regulations, is also June 9, 2025. The company filed the preliminary placement document with both the BSE and NSE on the same day.
The QIP was approved by the Board on August 3, 2024, and received shareholder approval during the company’s AGM held on September 19, 2024.
Capri Global added that its trading window remains closed for designated persons under SEBI’s Insider Trading Regulations until 48 hours after the issue price is finalized.
