TANFAC Industries Approves Issue Opening and Sets Floor Price at ₹2090.34 Per Share
TANFAC Industries Ltd., a joint sector company alongside TIDCO and Anupam Rasayan India Ltd., announced key approvals regarding its upcoming equity Issue. The Fund-Raising Committee meeting held on June 23, 2026, finalized the parameters for the placement document and authorized the start of the Issue.The committee approved and adopted the preliminary placement document, dated June 23, 2026, along with the application form related to the planned Issue. The decision also granted authorization to open the Issue immediately on June 23, 2026.
A material component of the approval was the setting of the floor price for the Issue. The committee approved a floor price of ₹ 2090.34 per Equity Share, based on the prescribed pricing formula.
The company holds the discretion to offer a discount on this calculated floor price. If offered, the maximum discount allowed is up to 5%, with the final Issue Price determined after consultation between TANFAC and the appointed book running lead managers.
Stock Price Movement
At the close of trade today, shares of TANFAC Industries Ltd. settled at ₹2368.00, ticking up by 1.61% in a strong finish. Throughout the session, the stock traded within a wide intraday range, moving between a low of ₹2311.35 and an high near ₹2419.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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