Tanfac Industries Limited announced the outcome of its Fund-Raising Committee meeting held on June 25, 2026. The committee approved the allotment of equity shares through a Qualified Institutions Placement (QIP).
Key Quantitative Figures
- Number of Equity Shares Allotted: 12,58,918
- Issue Price per Equity Share: ₹1,985.83
- Premium per Share: ₹1,980.83
- Discount to Floor Price: ₹104.51 (5% of floor price)
- Total Issue Size: ₹24,999.97 lakh (approximately ₹249.99 crore)
- Face Value per Share: ₹5
Capital Structure Impact
- Pre-issue paid-up equity share capital: ₹9,97,50,000 consisting of 1,99,50,000 Equity Shares
- Post-issue paid-up equity share capital: ₹10,60,44,590 consisting of 2,12,08,918 Equity Shares
- Increase in share capital: 12.59% dilution
Timeline Details
- QIP Opening Date: June 23, 2026
- QIP Closing Date: June 25, 2026
- Committee Meeting Date: June 25, 2026
- Meeting Duration: 9:00 p.m. to 9:20 p.m.
Allottee Details (More than 5% allocation)
The major allottees in the QIP include:
1. Bengal Finance & Investment Pvt Ltd: 1,25,891 shares (10.00%)
2. Motilal Oswal Mutual Fund entities:
- Motilal Oswal Large Cap Fund: 44,062 shares (3.50%)
- Innovation Opportunities Fund: 50,356 shares (4.00%)
- Consumption Fund: 81,835 shares (6.50%)
Total Motilal Oswal allocation: 1,76,253 shares (14.00%)
3. Niveshaay Hedgehogs Fund: 88,124 shares (7.00%)
4. Turn Around Opportunities Fund: 1,00,713 shares (8.00%)
5. Malabar India Fund: 2,26,605 shares (18.00%)
6. Motilal Oswal India Excellence Fund: 1,31,043 shares (10.41%)
7. Motilal Oswal India Excellence Fund Mid to Mega Series II: 1,04,842 shares (8.33%)
8. Motilal Oswal India Excellence Fund-Mid to Mega-Series III: 91,434 shares (7.26%)