Carysil Ltd. will raise Rs 125 crore via qualified institutional placement. The company's committee approved the proposal on Wednesday, according to an exchange filing.
The company will allocate 15.7 lakh shares, at an issue price of Rs 796, to the floor price of Rs 837.89 per equity share, it said.
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Carysil is a global leader in kitchen solutions, specialising in premium quartz and stainless-steel sinks, faucets, and built-in appliances.
Shares of Carysil closed 0.94% lower at Rs 847.55 apiece, as compared to a 0.69% rise in the benchmark BSE Sensex.
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