12 Jan 2026 | 3 Mins Read
Biocon raises ₹4,150 crore through QIP amidst stock challenges
Flipitmoney
Biocon Limited's board approved a QIP for ₹4,150 crore with a floor price of ₹387.74 per share. The QIP opening was authorised on 12 January 2026, with an indicative issue price of ₹368.35. Stock closed at ₹370.90, reflecting investor caution ahead of the issue. A 5% discount on the floor price is permitted under SEBI regulations.