Wheels India Allocates 11.97 Lakh QIP Shares At Rs 2088 Each

Fundraise Committee closed QIP opened 24 Sep and allocated 11,97,318 shares at Rs 2088, at 4.97% discount to floor Rs 2197.10, raising ~Rs 250 Cr. Placement document dated 25 Sep approved. Final leg of approved equity raise after recent preferential allotment; first external equity breaking years of accruals-funded capex with flat debt; closed within a day signalling demand. Equity infusion supports capex commissioning and eases leverage but adds dilution; use, allottees and listing timeline not in intimation; refunds to unsuccessful bidders pending.