Multibagger stock, July 29 -- Diamond Power and Infrastructure successfully concluded its Qualified Institutional Placement (QIP), raising Rs.1,613.97 crore by allotting 7.11 crore equity shares to institutional investors on Tuesday.

Diamond Power and Infrastructure share price turned green after falling over 2% during the intraday session on Wednesday.

The company completed the QIP on July 28, 2026, allotting shares at an issue price of Rs.227 each, comprising a face value of Rs.1 and a premium of Rs.226 per share.

The issue was priced at a 4.99% discount to the SEBI-determined floor price of Rs.238.92 per share, with a face value of Rs.1 each.

According to the exchange filing, Motilal Oswal, HDFC Mutual Fund, Goldman Sachs Funds, an...