Enclosed herewith the outcome of the Board Meeting held on June 05, 2026, for allotment under the Qualified Institutional Placement.
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Aanchal Ispat Ltd has allotted 14 lakh equity shares of face value Rs. 10 each under a Qualified Institutional Placement (QIP) at Rs. 50 per share, raising Rs. 7 crore in total. The QIP was open from June 3 to June 5, 2026, and the board approved the allotment at its meeting on June 5, 2026. The price of Rs. 50 includes a Rs. 40 premium over face value, and post-issue paid-up share capital will rise to Rs. 5.23 crore (52,33,331 shares) from the current Rs. 4.23 crore. Four allottees each received more than 5% of the issue: Shine Star Build-Cap (35.71%), Nine ALPS Opportunity Fund (30%), VIRA Bharat Opportunities Fund (20%), and Zeal Global Opportunities Fund (14.29%).
The QIP will dilute existing shareholders by roughly 33% (14 lakh new shares vs 42.33 lakh existing shares) and adds Rs. 7 crore to the company's capital base, though the purpose of fund use is not disclosed in this filing.