HFCL Limited has successfully raised approximately Rs 550 crore through a Qualified Institutional Placement (QIP), one of the company’s larger equity issuances in FY26. The fund-raising committee approved the allotment on 24 December 2025, the company informed stock exchanges.
Under the QIP, HFCL issued 8.79 crore equity shares of Re 1 each to 14 qualified institutional buyers at Rs 62.55 per share, including a premium of Rs 61.55. The issue price represented a 5% discount to the floor price of Rs 65.84 per share. The offer opened on 22 December and closed on 24 December 2025.
Institutional participation included a mix of domestic and overseas investors. Rajasthan Global Securities Pvt. Ltd. emerged as the largest allottee with 21.82% of the shares, followed by Necta Bloom VCC with 18.18%. Other notable allottees included Finquest Financial Solutions, Shine Star Build Cap, Nova Global Opportunities Fund, and Abundantia Capital.
HFCL reported Q2FY26 revenue of Rs 1,043.34 crore and a profit of Rs 71.92 crore. Despite the fundraise, HFCL’s stock has been under pressure, down 1.78% in early trade, declining over 8% in the past month and more than 42% year-to-date.
