The trading activity of Wockhardt stock witnessed a remarkable surge, as it surged to the upper circuit limit of 5%.

This bullish movement was spurred by significant investments from eminent investors such as Prashant Jain and Madhusudan Kela, among others, who participated in the company's Qualified Institutional Placement (QIP).

Additionally, renowned entities like ICICI Prudential, Mirae Asset Management, Tata Indian Opportunities Fund, Invesco India Smallcap Fund, Gagandeep Credit Capital, and Subhkam Ventures were also part of the stakeholders who acquired shares during the QIP.

On March 27, the shares of Wockhardt closed at Rs 557.85 apiece on the National Stock Exchange (NSE), reflecting the positive sentiment surrounding the company's strategic financing move. The infusion of funds by established investors has injected optimism into the market, driving the stock's value upwards.

Wockhardt's QIP, which concluded on March 26, saw the issuance of 92.85 lakh equity shares at an issue price of Rs 517 per share.

Notably, this price offered a 5% discount to the QIP floor price of Rs 544.02 per share, enhancing the attractiveness of the offering to potential investors.

Of noteworthy mention is the participation of Prashant Jain's 3P India Equity and Madhusudan Kela's Cohesion MK Best Ideas, both managing institutions that were allocated significant portions of the QIP.

This underscores the confidence of seasoned investors in Wockhardt's growth prospects and strategic direction.

Following the completion of the QIP, Wockhardt's paid-up equity share capital is set to expand to Rs 76.7 crore, comprising 15.34 crore equity shares.

This represents a substantial increase from the previous Rs 72.05 crore, consisting of 14.41 crore shares, signalling a notable expansion in the company's capital base and potentially fueling further growth initiatives.