.Its own market capitalisation at Monday's closing rate stood at greater than Rs 28,000 crore Image: Bloomberg2 min checked out Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to raise up to Rs 1,500 crore through selling equity portions to institutional entrepreneurs as component of its tactic to extend company.The company on September 2 introduced its own Qualified Institutional Placement (QIP) issue to raise funds.In a regulative submitting late on Monday, Unit Enterprises educated that a committee of supervisors authorised the opening of the QIP Issue on Monday.The panel also authorized the flooring cost for the QIP issue at Rs 1,164.70 per equity Share.The company's allotment rate finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood up at more than Rs 28,000 crore.In March, Brigade Enterprises had taken approval coming from investors to elevate funds by means of the concern of protections as much as Rs 1,500 crore.Unit Enterprises is one of the leading property creators in the country along with a considerable presence in South India.Final month, Brigade Enterprises reported much more than two-fold pitch in consolidated net income at Rs 83.72 crore for the June fourth of the current fiscal year.Its own internet earnings stood up at Rs 38.53 crore in the year-ago time period.Total revenue cheered Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the equivalent duration of the previous year.( Simply the headline as well as image of this file may have been reworked by the Organization Specification staff the remainder of the content is auto-generated coming from a syndicated feed.) First Released: Sep 03 2024|10:19 AM IST.