.Its own market capitalisation at Monday's closing rate endured at greater than Rs 28,000 crore Photo: Bloomberg2 min reviewed Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises organizes to raise as much as Rs 1,500 crore by selling equity portions to institutional clients as part of its method to grow company.The company on September 2 launched its Qualified Institutional Placement (QIP) issue to increase funds.In a regulative submitting late on Monday, Unit Enterprises updated that a committee of supervisors authorised the opening of the QIP Issue on Monday.The panel likewise accepted the flooring rate for the QIP problem at Rs 1,164.70 per equity Share.The provider's portion price finalized at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore.In March, Brigade Enterprises had taken confirmation coming from shareholders to increase funds via the problem of surveillances as much as Rs 1,500 crore.Brigade Enterprises is just one of the leading real estate designers in the nation with a substantial existence in South India.Last month, Brigade Enterprises disclosed more than two-fold enter combined net profit at Rs 83.72 crore for the June quarter of the existing fiscal year.Its net profit stood at Rs 38.53 crore in the year-ago time frame.Total earnings cheered Rs 1,113.44 crore during the course of April-June FY25 coming from Rs 685.43 crore in the matching time period of the previous year.( Merely the heading and also photo of this report might have been revamped by the Business Specification personnel the remainder of the web content is actually auto-generated coming from a syndicated feed.) Initial Posted: Sep 03 2024|10:19 AM IST.