Sheela Foam raises ₹1,200 cr via QIP; stock jumps 4%
The board of Sheela Foam allocated 11,131,725 equity shares at an issue price of ₹1,078, a discount of 4.94% to the floor price of ₹1,133.99 apiece.
The board of Sheela Foam allocated 11,131,725 equity shares at an issue price of ₹1,078, a discount of 4.94% to the floor price of ₹1,133.99 apiece.
The midcap stock has risen 40% against its 52-week low of ₹905.50, while it is down 26% from its 52-week high of ₹1,710.