Biocon Limited has announced the opening of its Qualified Institutions Placement (QIP) of equity shares, with a face value of ₹5 each. The Fund Raising Committee, in a meeting held on January 12, 2026, passed resolutions authorizing the opening of the Issue on the same day.

The Committee approved a floor price of ₹387.74 per Equity Share, determined in accordance with Regulation 176 of the SEBI ICDR Regulations. This floor price was based on the pricing formula prescribed by the SEBI ICDR Regulations, with the relevant date for this determination being January 12, 2026.

The Company also has the discretion to offer a discount of up to 5% on the floor price, as permitted by shareholder approval via a special resolution passed at the Extra-ordinary General Meeting (EGM) on December 31, 2025. The final issue price will be determined in consultation with the book running lead managers.

The Fund Raising Committee meeting commenced at 4:30 PM IST and concluded at 4:40 PM IST. Biocon Limited will file the preliminary placement document with the stock exchanges. Additionally, the trading window for dealing in the Company's securities has been closed until further notice due to the Issue, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.