.Its market capitalisation at Monday's closing cost endured at greater than Rs 28,000 crore Picture: Bloomberg2 min read Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to raise approximately Rs 1,500 crore through offering equity portions to institutional clients as component of its approach to increase organization.The business on September 2 released its Qualified Institutional Positioning (QIP) problem to raise funds.In a regulatory filing behind time on Monday, Unit Enterprises updated that a board of directors authorized the opening of the QIP Issue on Monday.The door likewise authorized the flooring cost for the QIP problem at Rs 1,164.70 every equity Allotment.The firm's allotment cost closed at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken permission from shareholders to increase funds via the problem of safety and securities as much as Rs 1,500 crore.Brigade Enterprises is one of the leading realty programmers in the nation with a significant existence in South India.Last month, Brigade Enterprises stated more than two-fold pitch in combined web earnings at Rs 83.72 crore for the June one-fourth of the present .Its own web profit stood up at Rs 38.53 crore in the year-ago duration.Overall earnings rose to Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the equivalent duration of the previous year.( Only the title and also picture of this report might have been actually revamped due to the Business Specification team the remainder of the web content is actually auto-generated coming from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.