HFCL has completed a Rs 550-crore fundraise through a qualified institutional placement (QIP), marking one of the larger equity issuances by the company this financial year.
The allotment was approved by the company’s fund-raising committee at a meeting held on 24 December 2025, the company informed stock exchanges in a regulatory filing.
Details of the share allotment
Under the QIP, HFCL issued and allotted 8.79 crore equity shares of face value Re 1 each to 14 qualified institutional buyers at an issue price of Rs 62.55 per share, including a premium of Rs 61.55.
The issue price represents a 5% discount to the floor price of Rs 65.84, translating to a discount of Rs 3.29 per share. The total proceeds from the issue aggregate to approximately Rs 550 crore, the company said. The issue opened on 22 December 2025 and closed on 24 December 2025.
Institutional participation
The allotment saw participation from a mix of domestic and overseas institutional investors. Among the allottees receiving more than 5% of the equity shares offered were Rajasthan Global Securities Pvt. Ltd., Necta Bloom VCC – Necta Bloom One, Finquest Financial Solutions Pvt. Ltd., Shine Star Build Cap Pvt. Ltd., Nova Global Opportunities Fund PCC – Touchstone, and Abundantia Capital VCC – Abundantia Capital III.
Rajasthan Global Securities Pvt. Ltd. emerged as the largest allottee, receiving 21.82% of the shares offered in the issue, followed by Necta Bloom VCC with 18.18%, according to the disclosure.
HFCL Q2 performance
The company reported a revenue from operations of Rs 1,043.34 crore (unaudited) in Q2FY26. The profit for the same period came out to be Rs 71.92 crore, as per the company’s financial statements in the exchange filing.
HFCL share price
HFCL’s share price has been down by 1.78% in early trade. The stock has fallen over 8% in the last month. Furthermore, it is down over 42.88 % in 2025 so far.