PTC Inds climbs after raising Rs 1,799 crore through QIP issue

PTC Industries jumped 2.79% to Rs 25,230 after the company announced the successful completion of its qualified institutional placement (QIP), raising Rs 1,799 crore through the issue of equity shares to institutional investors.

The QIP opened on October 6 and closed on October 9, 2026. The company's Listing and Fund-Raising Committee approved the allotment of shares at its meeting held on October 9.

The company allotted 8,54,700 equity shares to the eligible qualified institutional buyers at the issue price of Rs 21,060 per equity share including a premium of Rs 21,050 per equity share, aggregating to Rs 1,799 crore.

Following the allotment, PTC Industries' paid-up equity share capital increased to Rs 15.85 crore from Rs 14.99 crore, while the number of outstanding equity shares rose to 1.58 crore from 1.50 crore.

Among the major allottees, Smallcap World Fund Inc received 1,64,230 shares, accounting for 19.21% of the total issue size. Fidelity Securities Fund's Fidelity Blue Chip Growth Fund was allotted 98,900 shares, or 11.57% of the issue.

Fidelity Funds ? India Focus Fund received 63,473 shares, representing 7.43% of the issue, while Fidelity Rutland Square Trust II's Strategic Advisers Fidelity Emerging Markets Fund was allotted 58,892 shares, or 6.89%. Fidelity Investment Trust's Fidelity Emerging Markets Fund received 47,900 shares, accounting for 5.60% of the issue.

HDFC Mutual Fund's HDFC Defence Fund and HDFC Manufacturing Fund were allotted 23,742 shares and 23,741 shares, respectively.

PTC Industries manufactures precision metal components and strategic materials used in critical applications. Through its wholly owned subsidiary, Aerolloy Technologies, the group produces titanium and superalloy materials and components for the aerospace, defence, and space sectors, catering to customers in India and overseas markets.

The company reported a consolidated net profit of Rs 29.2 crore in Q1 FY27, which is higher by 466.2% as compared with the PAT figure of Rs 5.2 crore posted in Q1 FY26. Total income increased by 83% year-on-year (YoY) to Rs 197.1 crore during the period under review.

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