.Its market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore Picture: Bloomberg2 minutes read Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to raise as much as Rs 1,500 crore through offering equity allotments to institutional real estate investors as portion of its method to increase service.The company on September 2 introduced its own Qualified Institutional Positioning (QIP) problem to elevate funds.In a regulatory filing behind time on Monday, Unit Enterprises educated that a board of supervisors authorized the position of the QIP Problem on Monday.The door additionally approved the floor price for the QIP problem at Rs 1,164.70 every equity Reveal.The firm's reveal rate finalized at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing rate stood at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken confirmation coming from shareholders to elevate funds by means of the issue of protections up to Rs 1,500 crore.Unit Enterprises is among the leading realty creators in the country with a significant existence in South India.Last month, Brigade Enterprises mentioned greater than two-fold jump in combined net profit at Rs 83.72 crore for the June fourth of the existing fiscal year.Its own net earnings stood up at Rs 38.53 crore in the year-ago time period.Total earnings rose to Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the equivalent time period of the previous year.( Only the headline and photo of this document might possess been remodelled due to the Service Standard staff the remainder of the material is auto-generated coming from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.