Sterlite Technologies Share Price Locked in 5% Upper Circuit; QIP Opens at ₹613.69 Floor Price

Sterlite Technologies share price hit the 5% upper circuit on June 25 after the company announced the launch of its Qualified Institutional Placement (QIP) issue. The company has set a floor price of ₹613.69 per equity share for the institutional share sale and may offer a discount of up to 5% on the floor price in accordance with SEBI regulations. 

As of June 25, 2026, at 10:24 AM, Sterlite Technologies share price was locked at ₹613.35 each on the NSE, up 5.00% from the previous close of ₹584.15. 

Sterlite Technologies Launches QIP Issue 

The Authorisation and Allotment Committee of the Board, at its meeting held on June 24, 2026, approved the opening of the QIP issue. The committee also approved and adopted the preliminary placement document and application form to be circulated among eligible qualified institutional buyers. 

The company had earlier received approval from its board on April 29, 2026, and shareholder approval through a special resolution passed via postal ballot on June 16, 2026. 

Floor Price Fixed at ₹613.69 Per Share 

Sterlite Technologies has fixed June 24, 2026, as the relevant date for determining the floor price of the issue under Regulation 171(b)(i) of the SEBI ICDR Regulations. 

Based on the prescribed pricing formula, the floor price has been set at ₹613.69 per equity share with a face value of ₹2 each. 

The company stated that, subject to shareholder approval and applicable regulations, it may offer a discount of up to 5% on the floor price. The final issue price will be determined by the company in consultation with the book running lead managers appointed for the issue. 

Read More: Sterlite Technologies Share Price Hits 5% Upper Circuit as Subsidiary Announces Supply Agreement Valued Over $1 Billion 

Sterlite Technologies Share Price Performance 

As of June 25, 2026, at 10:24 AM, Sterlite Technologies share price was ₹613.35 each on the NSE. The stock opened at ₹613.35 and touched an intraday high of ₹613.35 and a low of ₹600.00 during the session. 

Over the past 1 month, Sterlite Technologies share price has delivered a return of 32.42%, compared with 1.54% for the NIFTY Total Market Index during the same period. 

Conclusion 

Sterlite Technologies has commenced its QIP issue with a floor price of ₹613.69 per share. The company will determine the final issue price in consultation with the book running lead managers, subject to applicable regulatory provisions. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.   

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Looking to invest? Open a Demat Account with Angel One and start trading seamlessly.