Shakti Pumps Raises ₹292.6 Cr Via QIP
By Ankur Chandra | Updated at: Oct 8, 2025 12:39 PM IST
Indore, July 7, 2025 – Shakti Pumps (India) Ltd (BSE: 531431, NSE: SHAKTIPUMP) has announced that it has successfully closed its Qualified Institutions Placement (QIP) issue to institutional investors, raising Rs 292.60 crores.
The proceeds will be utilised to establish a greenfield manufacturing unit for high-efficiency solar DCR cells and PV modules in Pithampur, Madhya Pradesh, through its subsidiary Shakti Energy Solutions Ltd.
The current share price of Shakti Pumps is ₹940.05, up 0.37% from ₹936.55 at the prior close.
Key QIP Details
| Particulars | Details |
|---|---|
| Total Amount Raised | ₹292.60 crore |
| Issue Type | Qualified Institutional Placement (QIP) |
| Issue Price per Share | ₹918.00 |
| SEBI Floor Price | ₹965.96 |
| Discount Offered | 4.97% |
| End Use of Proceeds | Greenfield solar DCR cell & PV module plant (2.20 GW capacity) in Pithampur |
The offering saw strong interest from both existing and new institutional investors, a testament to the company’s strong fundamentals and strategic direction.
Outlook
The successful QIP reflects investor confidence in Shakti Pumps’ growth strategy, given that the solar manufacturing expansion is expected to contribute to value chain integration, operational efficiency, and ultimately, long-term profit.
Strategic Purpose
The ₹292.6 crore raise will finance a plant being developed at 2.20 GW capacity, to increase backwards integration from manufacturing solar DCR cells in-house. This will give Shakti Pumps greater control over its value chain, resulting in long-term efficiencies and improved margins.
Management Commentary
“We are thrilled by the enthusiastic response to our QIP issue. This successful fundraising underscores the trust our investors have in our business model and growth strategy,” said Mr. Dinesh Patidar, Chairman, Shakti Pumps (India) Limited.
“We are eager to leverage these funds to advance our growth initiatives and enhance value for all stakeholders,” he added.
About the Company
Shakti Pumps (India) Ltd., incorporated in 1995 and headquartered in Pithampur, Madhya Pradesh, is a leading manufacturer of energy-efficient stainless steel submersible pumps, solar pumps, motors, and inverters. It is the only Indian firm offering a fully integrated solar pump installation suite, including VFDs and structures. With exports to over 100 countries and a manufacturing capacity of 500,000 pumps per year, Shakti Pumps is committed to transforming rural irrigation through sustainable solar technology. It holds the distinction of being India’s first 5-star rated pump manufacturer.
For more information, visit: shaktipumps.com
Regulatory Note: This disclosure has been made under Regulation 30 of SEBI (LODR) Regulations, 2015.
REF:https://nsearchives.nseindia.com/corporate/SHAKTIPUMP_07072025145357_LetterPressrelease07072025_.pdf
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