Asahi India Glass kicks off QIP with floor price of ₹844.79 per share

Asahi India Glass Ltd has opened its qualified institutional placement (QIP) to raise funds, setting the floor price at ₹844.79 per share in accordance with SEBI’s pricing formula.

The issue was approved by the company’s board earlier this year and by shareholders in March through a special resolution.

The floor price was approved at a meeting of the company’s committee of directors held on September 15, 2025. The issue formally opened the same day. As per regulatory provisions, the company also has the flexibility to offer a discount of up to five percent on the floor price.

The final issue price will be determined in consultation with the appointed lead managers and approved at a committee meeting scheduled for September 18, 2025.

The funds raised are expected to strengthen the company’s balance sheet and support its growth plans. Asahi India Glass, one of India’s leading integrated glass companies, serves both automotive and architectural markets and has been scaling its operations to meet rising demand for value-added glass solutions.



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The QIP announcement came on a day when the company’s shares saw strong investor interest. On Monday, Asahi India Glass shares closed nearly 6% higher at ₹897.50 on the NSE, up ₹50.60 from the previous close.