PDS Ltd Share Price – NSE  / BSE

Trading, Small Cap

PDS has allotted 80,22,388 equity shares of the face value of Rs 2 each to the eligible Qualified Institutional Buyers (QIBs) at the issue price of Rs 536 per equity share, i.e., at a premium of Rs 534 per equity share [(which includes a discount of Rs 27.59 per equity share (4.90% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price of Rs 563.59 per equity share)], aggregating to approximately Rs 430 crore, pursuant to the Issue.

Pursuant to the said allotment of equity shares in the Issue, the Issued and Paid-up Equity Share Capital of the Company stands increased from Rs 26,48,21,642 consisting of 13,24,10,821 equity shares to Rs 28,08,66,418 consisting of 14,04,33,209 equity shares of Rs 2 each.

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PDS announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs 430 crore (~$51mn).

The QIP attracted robust interest from institutional investors, with a subscription exceeding 2x the issue size. The overwhelming response and commitment from institutional investors underscore the confidence in PDS's strategic vision, growth potential and a testament to the resilience and vitality of the business model, refined over two and a half decades.

This fund raise enables PDS to accelerate its growth journey of expanding into new markets & categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet.

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Net profit of PDS rose 5.63% to Rs 19.90 crore in the quarter ended June 2024 as against Rs 18.84 crore during the previous quarter ended June 2023. Sales rose 23.93% to Rs 2621.06 crore in the quarter ended June 2024 as against Rs 2114.94 crore during the previous quarter ended June 2023.

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PDS will hold a meeting of the Board of Directors of the Company on 24 July 2024.

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