V2RETAIL has completed a Qualified Institutional Placement (QIP), raising ₹399.99 crore by allotting 18.74 lakh equity shares at ₹2,134 per share.
The company reported an 86% year-on-year revenue growth to ₹705 crore. V2 Retail expanded its store network, adding 43 new stores during the quarter, bringing the total count to 259 stores across India. The QIP saw participation from major institutional investors, with Motilal Oswal Small Cap Fund and associated funds receiving the largest allocation of 25%.
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