Key Quantitative Figures
- Total Shares Allocated: 12,58,918 Equity Shares
- Allocation Price per Share: ₹ 1985.83
- Breakdown of Price: Includes a premium of ₹ 1980.83 per share
- Discount Applied: ₹ 104.51 per share (5% discount)
- Floor Price: ₹ 2090.34 per share
- Total Issue Size: Approximately ₹ 250.00 crore (calculated: 12,58,918 shares × ₹ 1985.83/share)
Dates of Action
- Committee Meeting Date: June 25, 2026
- Issue Closure Date: June 25, 2026
- Meeting Timing: Commenced at 8:00 p.m., concluded at 8:20 p.m.
- Signing Date: June 25, 2026 at 20:27:22 IST
Parties Involved
- Issuing Company: Tanfac Industries Limited (Joint Sector Company with TIDCO and Anupam Rasayan India Ltd.)
- Investors: Eligible Qualified Institutional Buyers (QIBs)
- Committee: Fund-Raising Committee of the company
Purpose and Process
The Committee approved the closure of the QIP issue following receipt of application forms and funds in the escrow account from eligible QIBs. The allocation was finalized at a price that included a permitted discount to the floor price. The committee also approved the final placement document and allocation notes to be sent to investors.
Capital Structure Impact
The issuance of 12,58,918 new equity shares will result in dilution of existing shareholding. The specific impact on promoter holding, EPS, or other metrics is not quantified in this disclosure.
Cash Flow Implications
The company will receive approximately ₹ 250.00 crore in cash proceeds from this equity issuance, representing a cash inflow.
Document References
- This filing is a follow-up to the company's previous letter dated June 23, 2026
- The placement document is dated June 25, 2026