GACM Technologies Limited: Allotment of 495 million securities under QIP
GACM Technologies Limited completed allotment of 495,000,000 securities (share count) to qualified institutional buyers under a QIP structure. The allotment was formally approved and notified to NSE under Regulation 30 (Material Events) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations 2015. This represents the issuance phase of a primary capital raise via the QIP route, which bypasses retail demand and public issue requirements. Listing is expected within 5 working days of allotment.
Why it mattersQIP allotment completion marks the transition from institutional subscription to listing-ready equity capital; counsel should confirm lock-in periods under SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 and monitor listing timeline within 5 working days per ICDR.
Counsel—
SectorTechnology
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Sources
- NSE Corporate Announcements Archive · official
- SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 · official
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