Biocon Completes ₹4,151 Crore QIP with Allotment of 11.27 Crore Shares at ₹368.35 Each
Biocon Limited successfully completed its Qualified Institutions Placement on January 14, 2026, allotting 11,26,64,585 equity shares at ₹368.35 per share to qualified institutional buyers. The issue price represented a 5.00% discount to the floor price of ₹387.74, raising approximately ₹4,151 crores for the pharmaceutical company. The QIP opened on January 12, 2026 and closed within two days, demonstrating strong institutional investor interest and efficient execution under SEBI regulations.

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Biocon Limited has successfully completed its Qualified Institutions Placement (QIP), with the Fund Raising Committee announcing the closure and allotment of equity shares on January 14, 2026. The pharmaceutical company raised significant capital through this institutional placement, demonstrating strong investor confidence in its growth prospects.
QIP Details and Pricing Structure
The company's Fund Raising Committee, in its meeting held on January 14, 2026, approved the allocation of shares to qualified institutional buyers. The key parameters of the placement are outlined below:
| Parameter: | Details |
|---|---|
| Total Shares Allotted: | 11,26,64,585 equity shares |
| Issue Price: | ₹368.35 per share |
| Floor Price: | ₹387.74 per share |
| Discount: | ₹19.39 per share (5.00%) |
| Premium Component: | ₹363.35 per share |
| Face Value: | ₹5.00 per share |
The total fundraising from this QIP amounts to approximately ₹4,151 crores, calculated based on the allotted shares and issue price. The pricing was determined in accordance with the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations.
Timeline and Regulatory Compliance
The QIP demonstrated efficient execution with a swift timeline from opening to closure:
- Issue Opening: January 12, 2026
- Issue Closure: January 14, 2026
- Committee Meeting Duration: 10:00 PM to 10:10 PM on January 14, 2026
The Fund Raising Committee's meeting addressed three critical resolutions during the brief 10-minute session. The committee approved the closure of the issue following receipt of application forms and funds in the escrow account from eligible qualified institutional buyers. Additionally, they determined and approved the allocation of shares according to SEBI ICDR Regulations and finalized confirmation of allocation notes to be sent to successful institutional investors.
Regulatory Framework and Approvals
The QIP was conducted under comprehensive regulatory oversight, ensuring compliance with multiple statutory requirements. The placement was executed under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with Sections 42, 23(1)(b), and 62(1)(c) of the Companies Act, 2013.
Biocon has fulfilled its disclosure obligations under Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the intimation available on its website at www.biocon.com , ensuring transparency for all stakeholders.
Market Communication
The company formally communicated the QIP completion to both major stock exchanges where its shares are listed. Biocon submitted detailed notifications to BSE Limited (Scrip Code: 532523) and National Stock Exchange of India Limited (Scrip Symbol: BIOCON), maintaining compliance with listing requirements and ensuring proper market disclosure of this significant capital raising activity.
Historical Stock Returns for Biocon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.45% | -1.60% | -1.90% | +1.28% | +3.78% | -18.11% |














































