Shares of Capacite Infraprojects Ltd hit a 52-week high of Rs 290 on 12 January after the company announced that they had successfully raised Rs 200 crore via QIP (Qualified Institutional Placement) issue.

The company, in its regulatory filing, said, “ The book was oversubscribed by more than 4 times and witnessed traction from a diversified set of investors.”

On 11 January, the QIP committee of the company approved the allotment of 79.47 lakh equity shares to eligible qualified institutional buyers at an issue price of Rs 251.65 per share, including a premium of Rs 241.65 per equity share.

The shares were allotted to several renowned institutional investors, including Morgan Stanley Asia (Singapore) Pte, Societe Generale, Singularity Equity Fund I, ITI Mutual Fund, and Quant Mutual Fund.

The company has allotted 10.57 lakh shares to Societe Generale, 5.96 lakh shares were allotted to ITI Fund, Morgan Stanley was allotted 5.63 lakh shares, 1.98 lakh shares of ITI Flexi Cap Fund, ITI Multi Cap Fund was allotted 3.18 lakh shares, Singularity Equity Fund I was allotted 6.62 lakh, and ITI Value Fund was allocated 79,476 lakh shares.

The QIP issue was opened on 8 January and closed on 11 January, and IIFL Securities was the sole Book Running Lead Manager for this issue.

At 2:08 pm, the shares of Capacite Infraprojects shed all their early gains and were trading 0.018% lower at Rs 284.55 on NSE.