KEI Industries has successfully completed a qualified institutional placement (QIP) of equity shares, raising Rs 2,000 crore. The offering received significant interest from domestic mutual funds.

Kotak Mutual Fund emerged as the largest single investor, acquiring over 27 percent of the shares offered through various schemes, including the Kotak Emerging Equity Scheme and Kotak Small Cap Fund. Motilal Oswal Midcap Fund received 13 percent of the issue, while Government Pension Fund Global secured 5.15 percent.

The QIP involved the issuance of 52.6 lakh equity shares at a price of Rs 3,800 per share, which was a 2.1 percent discount to the floor price of Rs 3,880.54. Following this transaction, the company's paid-up equity share capital has increased to Rs 191.1 crore, comprising 9.55 crore shares. The funds raised will be used to enhance KEI Industries' financial flexibility, support growth initiatives, and strengthen its balance sheet.