Poly Medicure Limited has opened its qualified institutions' placement (QIP) of equity shares of the face value of Rs5 each for subscription on February 15 and fixed the floor price at Rs550.79 per share.
The QIP Committee of the company will meet on February 18, 2021, to determine the issue price of equity shares to be issued pursuant to the QIP issue, including any discount on the floor price.
At around 10.38 am, Poly Medicure Ltd was trading at Rs616 per piece down by Rs6.2 or 1% from its previous closing of Rs622.20 on the BSE.