TANFAC Industries Raises Total INR 423.5 Crores through QIP and Preferential Issue
Cuddalore, July 6, 2026 – TANFAC Industries Limited, a key manufacturer in India's fluorine chemicals sector, has announced a significant capital infusion following the successful completion of its Qualified Institutional Placement (QIP) and the approval of a preferential issue. The combined raises total INR 423.5 crores, which are earmarked to support the company’s growth and expansion plans.The company successfully completed the QIP, raising approximately ₹ 250 crore from marquee institutional investors. Subsequently, the Board of Directors approved a preferential issue amounting to approximately ₹ 173.5 crore. This issue involves issuing 7,41,082 equity shares at an issue price of ₹ 2,341 per share, subject to shareholders approval.
The proposed preferential investment is structured with a commitment of ₹ 135 crore from the Promoter, Anupam Rasayan India Limited. The remaining capital component was subscribed by institutional investors, including Alrox Enterprises Private Limited (Sun Pharma Group), Vivek Jain (Action Group), and Tatvam Trade (Niveshaay Investments).
The combined strategic move reaffirms the confidence of promoters and investors in TANFAC's long-term strategy and financial strengthening. The funds raised from both transactions, totaling INR 423.5 crores, will be utilized for various growth initiatives. These include expanding its portfolio of value-added fluorochemical products, executing expansion plans, undertaking strategic investments, strengthening its presence in the R-32 refrigerant gas segment, and enhancing overall capabilities to drive sustainable long-term growth.
Upon the completion of the preferential issue, the company’s paid-up equity share capital is projected to increase from 2,12,08,918 equity shares to 2,19,50,000 equity shares.
Commenting on the developments, Afzal Malkani, Managing Director stated that the completion of the QIP and the proposed preferential issue mark a significant milestone in TANFAC's growth journey. He added that these capital raises will strengthen the financial position, enhancing the company’s ability to execute planned investments while maintaining a prudent capital structure and creating long-term value for all stakeholders.
TANFAC Industries Ltd is promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). As a leading producer in the chemical industry, the company manufactures Anhydrous Hydrofluoric Acid, Sulphuric Acid, Potassium Fluoride, and Potassium Bifluoride. Its manufacturing facilities are located in Cuddalore and commenced commercial production in March 1985.
Stock Price Movement
Shares of TANFAC Industries Ltd. settled at ₹2357.75 on Monday, declining 2.93% in post-market trading. The shares spent the day fluctuating between an intraday low of ₹2291.00 and a high recorded at ₹2544.00.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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