Capital Raising Details

Preferential Issue Approval:

  • Board of Directors approved preferential issue of 7,41,082 equity shares
  • Issue price: ₹2,341 per equity share
  • Total issue size: ₹173.5 crore (approximately)
  • Subject to shareholders approval

Investor Allocation:

  • Promoter Anupam Rasayan India Limited: ₹135 crore investment
  • Other institutional investors:
  • Alrox Enterprises Private Limited (Sun Pharma Group)
  • Vivek Jain (Action Group)
  • Tatvam Trade (Niveshaay Investments)

Recent QIP Completion:

  • Qualified Institutional Placement recently completed
  • Raised approximately ₹250 crore from marquee institutional investors

Combined Capital Raise:

  • Total funds raised through QIP and preferential issue: ₹423.5 crores

Capital Structure Impact

  • Current paid-up equity share capital: 2,12,08,918 equity shares
  • Post-preferential issue paid-up equity share capital: 2,19,50,000 equity shares
  • Increase of 7,41,082 equity shares representing approximately 3.5% dilution

Use of Proceeds

Proceeds will support the Company's strategic growth initiatives including:

  • Strengthening presence in R-32 refrigerant gas segment
  • Expanding portfolio of value-added fluorochemical products
  • Executing expansion plans
  • Undertaking strategic investments to enhance scale and capabilities
  • Driving sustainable long-term growth

Management Commentary

Mr. Afzal Malkani, Managing Director, stated: "The successful completion of the QIP, followed by the proposed preferential issue, marks a significant milestone in TANFAC's growth journey and reflects the strong confidence of our promoters and investors in the Company's long-term strategy and future potential. Together, these capital raises will strengthen our financial position and enhance our ability to execute our planned investments while maintaining a prudent capital structure and creating long-term value for all stakeholders."

Company Background

TANFAC Industries Limited is a leading manufacturer in India's fluorine chemicals sector, promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). The company is among the leading producers of Hydrofluoric Acid and its derivatives with manufacturing facilities spread over 60 acres in SIPCOT Industrial Estate, Cuddalore. The company began commercial production in March 1985 and is ISO 9001-2015, 14001-2015 and ISO 45001-2018 certified.