PTC Industries has raised ₹1,800 crore through a qualified institutional placement (QIP), attracting demand of more than five times the issue size from domestic and international institutional investors, the company said on Tuesday, October 13.
The Lucknow-based advanced manufacturing company issued 8,54,700 equity shares at ₹21,060 apiece. Global institutional investors accounted for a significant share of the demand, with Fidelity Investments and Capital Group among the largest investors in the placement.
The fundraise will strengthen PTC Industries’ capital base as it looks to expand its manufacturing capabilities and pursue strategic investments and acquisitions across aerospace, defence, space, energy and advanced materials.
This is a defining moment in PTC’s journey. The strong response to our QIP, and particularly the significant participation from global institutional investors alongside respected domestic institutions, is a powerful affirmation of the confidence placed in what we are buildingSACHIN AGARWAL, CMD OF PTC INDUSTRIES
Agarwal said the company had been investing in technologies, people, infrastructure and manufacturing capabilities that take years to develop and qualify. The QIP, he added, would give the group greater financial flexibility to pursue its next phase of growth, both organically and through strategic opportunities.
Fidelity Investments, Capital Group lead investor list
Fidelity Investments, through FMR/FIAM, was the largest investor group in the placement, with an investment of nearly ₹850 crore, followed by Capital Group at ₹355 crore and Fidelity International at ₹150 crore.
HDFC Mutual Fund invested nearly ₹100 crore, while Tata AIA Life Insurance Company subscribed to shares worth ₹68 crore.
| Investor group | Type of fund | Investment (₹ crore) |
|---|---|---|
| Fidelity Investments (FMR/FIAM) | Foreign portfolio investor (FPI) | 849.998 |
| Capital Group | Foreign portfolio investor (FPI) | 355.000 |
| Fidelity International | Foreign portfolio investor (FPI) | 150.000 |
| HDFC Mutual Fund | Mutual fund | 99.999 |
| Tata AIA Life Insurance Company | Insurance company | 67.999 |
| Motilal Oswal Mutual Fund | Mutual fund | 49.999 |
| HSBC Mutual Fund | Mutual fund | 30.000 |
| Aberdeen (abrdn) | Foreign portfolio investor (FPI) | 19.999 |
| Abu Dhabi Investment Authority | Foreign portfolio investor (FPI) | 19.999 |
| Aditya Birla Sun Life Mutual Fund | Mutual fund | 19.999 |
| Axis Mutual Fund | Mutual fund | 9.999 |
| Investments by each investor group are aggregated across its participating funds and schemes. | ||
Funds to support expansion across advanced manufacturing
PTC Industries plans to use the proceeds in line with the objectives outlined in its placement document dated October 9, 2026. The capital will support organic expansion, capacity enhancement, new projects and potential acquisitions across the group.
The company has been developing capabilities in advanced materials, metallurgy, precision castings and complex manufacturing for high-value industrial applications. Its subsidiaries include Aerolloy Technologies in India and Trac Precision Solutions in the United Kingdom.
Aerolloy is developing capabilities in titanium and superalloy materials, advanced castings and related manufacturing, while Trac adds precision engineering and experience in complex aerospace and industrial components.
Together, the businesses give PTC a presence across strategic materials, castings, machining and precision manufacturing, areas that serve aerospace, defence, space and other advanced industrial supply chains.
ICICI Securities and Goldman Sachs (India) Securities acted as the book-running lead managers to the QIP.