Enclosed herewith the Outcome of Board meeting held on June 05, 2026, for allotment under the Qualified institutional Placements.
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On the reaction day the stock moved 7.0 pts more than Nifty Microcap 250 and 6.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Aanchal Ispat Limited has completed a Qualified Institutional Placement (QIP), allotting 14,00,000 equity shares of face value Rs. 10 each at Rs. 50 per share, including a premium of Rs. 40 per share. The total amount raised is Rs. 7 crore. The issue opened on June 03, 2026 and closed on June 05, 2026. The company's paid-up share capital will rise from Rs. 4.23 crore (42,33,331 shares) after the allotment. Four allottees were allotted more than 5% of the issue, with Shine Star Build-Cap Private Limited taking the largest share at 35.71%, followed by Nine ALPS Opportunity Fund at 30%, Zeal Global Opportunities Fund at 20%, and VIRA Bharat Opportunities Fund at 14.29%.
The QIP brings in Rs. 7 crore of fresh equity capital, strengthening the company's balance sheet but also leading to equity dilution for existing shareholders. The substantial premium of Rs. 40 per share signals investor confidence in the company's valuation at the time of issue.