HFCL opens QIP issue with floor price set at ₹65.84 per share

Telecom gear maker HFCL Ltd on Monday (December 22) said its Fund Raising Committee has approved the opening of its qualified institutions placement (QIP) issue on December 22, 2025, following earlier approvals from the board of directors and shareholders.

The company said the committee approved a floor price of ₹65.84 per equity share. The committee also approved and adopted the preliminary placement document dated December 22, 2025, along with the application form for the issue.

HFCL said December 22, 2025, has been fixed as the relevant date for the purpose of the issue. The company added that it may, at its discretion, offer a discount of not more than 5% on the floor price, subject to shareholder approval granted through a special resolution passed at the annual general meeting held on September 15, 2025.

Also Read: HFCL Q2 net profit, revenue down; wins order worth ₹281 crore

The issue price will be determined by the company in consultation with the book-running lead manager appointed for the issue. The company said it will file the preliminary placement document with the stock exchanges on December 22, 2025.

In December, HFCL said it had secured export orders worth $72.96 million (₹656.10 crore) for the supply of optical fibre cables. The orders have been received through the company’s overseas wholly owned subsidiary from an international customer.

According to the disclosure, the orders are based on general contract conditions and involve supplying optical fiber cables as per customer specifications. The contracting entity is an international customer, and the execution timeline extends until November 2026.

Shares of HFCL Ltd ended at ₹63.96, down by ₹0.25, or 0.16%, on the BSE.

Also Read: HFCL reports Q4 loss; expects 25-30% revenue growth in FY26