.Its own market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore Photo: Bloomberg2 minutes went through Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises organizes to raise approximately Rs 1,500 crore by marketing equity reveals to institutional entrepreneurs as part of its own method to expand company.The firm on September 2 released its Qualified Institutional Placement (QIP) concern to increase funds.In a regulatory submitting behind time on Monday, Brigade Enterprises updated that a board of directors authorized the opening of the QIP Concern on Monday.The door additionally permitted the flooring rate for the QIP concern at Rs 1,164.70 per equity Portion.The business's allotment price finalized at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing price stood at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken permission coming from shareholders to increase funds by means of the problem of surveillances around Rs 1,500 crore.Brigade Enterprises is one of the leading real property designers in the nation with a substantial visibility in South India.Final month, Brigade Enterprises reported more than two-fold enter consolidated net earnings at Rs 83.72 crore for the June quarter of the current .Its net earnings stood up at Rs 38.53 crore in the year-ago time frame.Complete profit rose to Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the equivalent time frame of the previous year.( Merely the title as well as image of this record may possess been actually remodelled by the Business Specification personnel the rest of the web content is actually auto-generated coming from a syndicated feed.) First Released: Sep 03 2024|10:19 AM IST.