Description

HFCL Limited's 8,79,29,651 equity shares allotted to QIBs through Qualified Institutional Placement will be listed and available for trading from December 26, 2025.

Summary

HFCL Limited (Scrip Code: 500183, ISIN: INE548A01028) has completed a Qualified Institutional Placement (QIP) resulting in the allotment of 8,79,29,651 equity shares of Rs. 1/- each to Qualified Institutional Buyers. These newly issued shares will be listed and admitted for trading on BSE with effect from Friday, December 26, 2025. The shares rank pari-passu with existing equity shares of the company.

Key Points

  • Total shares allotted: 8,79,29,651 equity shares of Rs. 1/- each
  • Allotment method: Qualified Institutional Placement (QIP)
  • Allottees: Qualified Institutional Buyers (QIBs)
  • Issue price: Rs. 62.55 per share
  • Distinctive numbers: 1442672813 to 1530602463
  • Shares rank pari-passu with existing equity shares
  • Date of allotment: December 24, 2025
  • Trading commencement: December 26, 2025

Regulatory Changes

No regulatory changes introduced through this circular. This is a standard listing notification following completion of a QIP.

Compliance Requirements

  • Trading members must note the listing of new securities for trading purposes
  • Members should update their systems to reflect the increased share capital of HFCL Limited
  • Any clarifications required should be directed to Mr. Mayuri Visaria (Tel: 022 2272 8901)

Important Dates

  • December 24, 2025: Date of allotment of equity shares
  • December 24, 2025: Notice date
  • December 26, 2025: Effective date for listing and trading commencement

Impact Assessment

Market Impact: The QIP of 8.79 crore shares represents a substantial capital raise for HFCL Limited at Rs. 62.55 per share, totaling approximately Rs. 550 crores. This will result in equity dilution for existing shareholders but provides significant capital infusion for the company’s growth initiatives.

Liquidity Impact: The addition of nearly 88 million shares will increase the free float and potentially improve liquidity in the stock, particularly for institutional investors.

Shareholder Impact: Existing shareholders will experience dilution in their ownership percentage, though the shares are priced at market rates through the QIP mechanism ensuring fair valuation for both new and existing investors.

Impact Justification

Significant equity dilution of 8.79 crore shares through QIP, impacting existing shareholders and potentially increasing liquidity for institutional investors.