Metallurgical and chemical engineering firm APAR Industries Ltd on Monday launched a qualified institutions placement to raise ₹2,500 crore, with the indicative issue price set at ₹14,805 per equity share. The indicative issue price represents a 9.99% discount to Apar Industries’ last closing price as of August 10, 2026.
The lock-up period for both the company and the promoter has been set at 45 days. Earlier, the company had fixed the QIP floor price at ₹14,801.25 per equity share. The company said the Share Issue Committee of Directors approved the opening of the issue, the floor price and the preliminary placement document and application form at its meeting on Monday.
The relevant date for the issue has been fixed as August 10, 2026, being the date on which the Share Issue Committee decided to open the issue. APAR Industries said it may, at its discretion, offer a discount of not more than 5% on the floor price. The QIP follows the approval given by the Board of Directors on June 30, 2026, and the special resolution passed by shareholders at an extraordinary general meeting on July 30, 2026.
In June this year, APAR Industries said its wholly owned subsidiary, APAR Industries Middle East Ltd, KSA, has signed an agreement with the Saudi Aramco Base Oil Company. The agreement is aimed at strengthening the downstream industrial ecosystem and enhancing local content.
Under the agreement, APAR will supply base oils within the LubeHub Value Park in Yanbu. The company said the signing was carried out in support of downstream growth and development at LubeHub. Also, Apar Industries Chairman and Managing Director Kushal Desai said he expects its profits to at least double over the next four to five years as it expands capacity, grows its cable business, increases its presence in the US market and benefits from rising investments in power transmission and data centre infrastructure,The company, which closed the last financial year with revenue of around ₹23,500 crore, is targeting annual revenue additions of ₹4,000-5,000 crore through a combination of organic growth and fresh capacity.
Desai said Apar is aiming for at least 15% annual growth over the coming years.“Am I being conservative? No, not conservative, but I think, you know, I mean, if everything goes well, then we should be seeing, you know, at least we should double our profits in the next four to five years,” he said.
To support this expansion, more than half of the company's planned capital expenditure is being directed towards increasing cable manufacturing capacity. Shares of APAR Industries Limited ended at ₹16,440.35, down by ₹157.30, or 0.95%, on the BSE.