Genesys International Corporation LimitedGENESYSNSEInformation Technology

Qualified Institutional Placement

16 May 2025 · 22:41 ISTCapitalWatchMajor

What happened

Fact

Qualified Institutional Placement. Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers. The confirmation of allocation note to be sent to the eligible qualified institutional buyers.

Why it matters

CapitSignal interpretation

A qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.

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Fact

Issue price versus the current market price
Stated use of proceeds
Resulting dilution as a percentage of equity

Evidence

Genesys International Corporation Limited has informed the Exchange about qualified Institutional Placement, Further to our letter dated May 14, 2025, we wish to inform you that the QIP Committee of the board of directors of the Company ( Committee ) at its meeting held today i.e. May 16, 2025 inter alia considered and approved the following:a. Closure of the Issue today i.e. May 16, 2025, with immediate effect, pursuant to the receiptof the application forms and the funds in the escrow account from the eligible qualifiedinstitutional buyers in accordance with the terms of Issue;b. Determined and approved the allocation of 17,39,625 Equity Shares at an Issue Price of ₹632.32 per Equity Share (including a premium of ₹ 627.32 per Equity Share), which is at adiscount of 5% (i.e. ₹ 33.28 per Equity Share) to the floor price of ₹ 665.60 per Equity Share,in accordance with the SEBI ICDR Regulations, upon the closure of the Issue, determined inaccordance with the formula prescribed under Regulation 176(l) of the SEBI ICDRRegulations, for the Equity Shares to be allotted to the eligible qualified institutional buyersin the Issue;c. The placement document dated May 16, 2025, in connection with the Issue and filing thesame with BSE Limited and National Stock Exchange of India Limited; andd. The confirmation of allocation note to be sent to the eligible qualified institutional buyers,intimating them of allocation of Equity Shares pursuant to the Issue and refund intimationletter, to be sent to the bidders who are entitled to receive the refund amount, if any.(opens the original filing in a new tab)

How CapitSignal classified this

Reasoning:: QIP base 72; +5 quantified amount; +3 quantified percentage; matched on subject
Matched on:: the filing's own subject line
Confidence in the event type:: 75%

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