TANFAC Industries Completes Qualified Institutions Placement, Boosting Capital by ₹24.99 Crore
TANFAC Industries Ltd. has successfully completed a qualified institutions placement (QIP) of equity shares, significantly increasing its paid-up capital. The transaction concluded on June 25, 2026, following an offering period that began on June 23, 2026.The Fund-Raising Committee approved the allotment of 1,25,8918 Equity Shares to qualified institutional buyers. These shares were issued at an issue price of ₹ 1985.83 per Equity Share. The pricing structure included a premium of ₹ 1980.83 per Equity Share and factored in a discount of ₹ 104.51, which represented 5% of the floor price.
The placement aggregated approximately ₹ 24,999.97 lakhs. This infusion resulted in an increase in the company’s paid-up equity share capital. Previously, the capital stood at ₹ 9,97,50,000, comprising 1,99,50,000 Equity Shares of face value ₹5 each. Following the issuance, the total paid-up equity share capital reached ₹ 10,60,44,590, represented by a total of 2,12,08,918 Equity Shares, each with a face value of ₹5.
The placement details and transaction summary are provided below:
| Transaction Detail | Specification |
|---|---|
| Issuance Type | Qualified Institutions Placement (QIP) |
| Total Securities Issued | 12,58,918 Equity Shares |
| Issue Price per Share | ₹ 1985.83 |
| Aggregated Value | Approximately ₹ 24,999.97 lakhs |
Major Allottees in the QIP
The placement saw participation from several large institutional investors. A portion of the equity shares was allotted to various financial institutions, with MALABAR INDIA FUND (MIF) being the largest allottee, securing 2,26,605 Equity Shares or 18.00% of the total Issue size.Details of the significant allottees who received more than five percent of the equity shares offered in the QIP are as follows:
| Allottee Name | No. of Equity Shares Allotted | % of Total Issue Size | Category |
|---|---|---|---|
| MALABAR INDIA FUND (MIF) | 2,26,605 | 18.00% | FPI |
| MOTILAL OSWAL INDIA EXCELLENCE FUND | 1,31,043 | 10.41% | AIF |
| BENGAL FINANCE & INVESTMENT PVT LTD | 125,891 | N/A (As noted in filing) | NBFC |
| MOTILAL OSWAL INDIA EXCELLENCE FUND MID TO MEGA SERIES II | 1,04,842 | 8.33% | AIF |
| TURN AROUND OPPORTUNITIES FUND | 1,00,713 | 8.00% | AIF |
| MOTILAL OSWAL INDIA EXCELLENCE FUND-MID TO MEGA-SERIES III | 91,434 | 7.26% | AIF |
| NIVESHAAY HEDGEHOGS FUND | 88,124 | 7.00% | AIF |
| MOTILAL OSWAL CONSUMPTION FUND (MOCONF) | 81,835 | 6.50% | MF |
Stock Price Movement
TANFAC Industries Ltd. closed trading on Thursday, settling at ₹2410.10 after its shares slipped by 1.22%. The stock moved throughout the day within a wide range, registering a high of ₹2499.70 but eventually touching an intraday low of ₹2380.05.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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