PG Electroplast shares reached a new all-time high of Rs 820.75, rising by 6 percent on December 5. This increase followed the announcement of a Qualified Institutional Placement (QIP) with the goal of raising up to Rs 1,500 crore.

Over the past week, the stock has experienced a significant surge of more than 17 percent, currently trading at Rs 812.05 on the NSE, just below its peak. The QIP will offer shares at a floor price of Rs 705.18 each, which is approximately a 9 percent discount compared to the previous day's closing price. This move will result in a 6.7 percent equity dilution, with the funds being allocated for working capital, loan repayment, and other corporate purposes.

Sources suggest that the indicative issue price for the QIP is expected to range between Rs 690 and Rs 699 per share.