.Its market capitalisation at Monday's closing price endured at much more than Rs 28,000 crore Picture: Bloomberg2 min reviewed Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to elevate as much as Rs 1,500 crore by offering equity shares to institutional capitalists as portion of its approach to broaden company.The business on September 2 introduced its Qualified Institutional Positioning (QIP) concern to increase funds.In a regulatory submission behind time on Monday, Brigade Enterprises informed that a committee of supervisors authorised the opening of the QIP Problem on Monday.The board additionally authorized the flooring price for the QIP issue at Rs 1,164.70 per equity Portion.The company's allotment cost shut at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing rate stood up at more than Rs 28,000 crore.In March, Unit Enterprises had actually taken permission from shareholders to raise funds via the concern of securities up to Rs 1,500 crore.Brigade Enterprises is among the leading property designers in the country along with a notable presence in South India.Final month, Brigade Enterprises stated much more than two-fold pitch in consolidated net earnings at Rs 83.72 crore for the June quarter of the present fiscal year.Its net profit stood at Rs 38.53 crore in the year-ago time period.Complete income rose to Rs 1,113.44 crore in the course of April-June FY25 from Rs 685.43 crore in the corresponding duration of the previous year.( Merely the title as well as picture of this report may possess been revamped by the Organization Requirement personnel the remainder of the material is actually auto-generated coming from a syndicated feed.) First Published: Sep 03 2024|10:19 AM IST.