Value retail chain V2 Retail Ltd on Monday (November 3) announced the successful completion of its qualified institutional placement (QIP), raising ₹399.99 crore through the allotment of 18.74 lakh equity shares to eligible institutional investors at an issue price of ₹2,134 per share.

The issue price includes a premium of ₹2,124 per share and a discount of ₹111.75, or 4.98% of the floor price. Following the allotment, the paid-up equity share capital of V2 Retail increased from ₹34.59 crore (3.46 crore shares) to ₹36.46 crore (3.65 crore shares).

Key allotments exceeding 5% of the issue included Motilal Oswal Small Cap Fund and related funds with a combined 25% stake (4.69 lakh shares), Subhkam Ventures I Pvt Ltd with 2.81 lakh shares (14.97%), Malabar India Fund Limited with 1.88 lak

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