| Event Value | ₹1500 CrQIP Size |
|---|---|
| Market Cap | ₹29,941.76 CrCap size |
| Revenue TTM | ₹4,751 CrOperating |
| Durability Score | 80Financial Health |
| Deal value | ₹1,500 Cr |
| Share of market cap | 5.0% |
Key highlights
- Total capital raised through the QIP stands at ₹1,500 crore at an issue price of ₹583.01 per share
- The issue price includes a premium of ₹581.01 and reflects a 5% discount to the floor price of ₹613.69
- Paid-up equity share capital increased from ₹976.33 million to ₹1,027.79 million following the allotment
- Major institutional participants include HSBC Mutual Fund and Nomura India Investment Fund Mother Fund
- The placement committee meeting commenced at 11:00 a.m. and concluded at 11:25 a.m. on July 01, 2026
Details of the Fund Raise
Sterlite Technologies issued 2,57,28,500 equity shares with a face value of ₹2 each to eligible qualified institutional buyers. The allotment price of ₹583.01 per share was determined following the closing of the issue period, which spanned from June 24 to June 30, 2026. This pricing represents a 5% discount to the floor price of ₹613.69 as calculated under SEBI ICDR Regulations.
The total number of shares in the company has consequently increased to 51,38,96,135 equity shares, marking a significant expansion of the equity base to facilitate further operational scaling.
Major Institutional Allottees
- Motilal Oswal Special Opportunities and Midcap Funds secured an aggregate of 18.33% of the issue size
- Oxbow Master Fund Limited was allotted 4.15 million shares, representing 16.16% of the total issue
- HSBC Mutual Fund schemes collectively acquired a 14.00% stake in the shares offered in this issue
- Nomura India Investment Fund Mother Fund participated with a 14.00% allocation of the total equity offered
- TIMF Holdings and Bank of India Mutual Fund schemes secured 14.00% and 6.67% of the allotment respectively
Business and Strategic Overview
Sterlite Technologies operates as a leading global provider of optical and digital solutions, specializing in optical fiber, cables, and interconnect products. The company has demonstrated significant market momentum with a one-year price change of over 500%, driven by increasing demand for high-speed internet and 5G infrastructure. By securing this capital, the company positions itself to better address the capital-intensive requirements of the Telecommunications Equipment sector, where it currently maintains a high Durability Score of 80, indicating a strong financial foundation relative to its peers.
Financial and Market Context
The company reported an operating revenue of ₹4,751 crore for the trailing twelve months, with a net profit growth of over 145% year-on-year. While the stock is classified as an Expensive Star due to its high valuation and momentum, the fresh capital infusion is expected to optimize the debt-to-equity ratio and provide liquidity for strategic investments. The stock has shown high volatility with a one-year Beta of 1.52, yet it continues to trade near its three-year high of ₹679.9, reflecting investor confidence in its role within the expanding global optical connectivity landscape.
| Share price | ₹613.35 |
|---|---|
| Market capitalisation | ₹29,941.76 Cr |
| Revenue (annual) | ₹4,745.00 Cr |
| Net profit (annual) | ₹56.00 Cr |
| Revenue (latest quarter) | ₹1,441.00 Cr+14.64% vs previous quarter |
| Net profit (latest quarter) | ₹59.00 Cr+447.06% vs previous quarter |
| P/E (TTM) | 534.67×Sector 100.36× |
| Promoter holding | 44.44%0.00% QoQ |
| FII holding | 11.47%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Sterlite Technologies Limited announcing the allotment of equity shares under a Qualified Institutional Placement. Market figures from a third-party data provider.
