PTC Industries launches QIP; floor price at Rs 13,894.42 /share

The company's board authorized and declared the opening of the issue on Wednesday, 28 August 2024.

The floor price of Rs 13,894.42 is at a premium of 6.37% to the previous day's closing price of Rs 14,779.90 on the BSE.

The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue.

PTC Industries is a leading manufacturer of metal components for critical and super critical applications. The company's shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.

The company's consolidated net profit decreased 56.6% to Rs 4.90 crore on 34.5% decline in net sales to Rs 46.87 crore in Q1 FY25 over Q1 FY24.

Shares of PTC Industries slipped 3.24% to currently trade at Rs 14,301 on the BSE.