Satin Creditcare: eyes on QIP price

The board of Satin Creditcare Network will meet on Thursday to announce the price of the ongoing qualified institutional placement issue. The QIP issue was open for subscription on September 26. The Delhi-based microlender plans to raise ₹150 crore through the issue, which has greenshoe option as well to retain ₹100 crore if it receives surplus demand. Traders will focus on the issue price. Shares may react negatively, if the price is at a steep discount to current price.