Enclosed herewith the outcome of the Board Meeting held on 05.06.2026 for the purpose of Qualified Institutional placement (QIP).
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Aanchal Ispat Ltd has completed its Qualified Institutional Placement (QIP) issue. The issue opened on June 3, 2026 and closed on June 5, 2026. The Board approved the allotment of 14,00,000 equity shares to eligible Qualified Institutional Buyers (QIBs) at an issue price of Rs. 50 per share, which includes a premium of Rs. 40 over the face value of Rs. 10. The total amount raised through this QIP is approximately Rs. 7 crore. The company received applications for 13,00,000 shares against the 14,00,000 shares allotted, indicating the issue was fully subscribed.
Existing shareholders will see a dilution of their holdings due to the issuance of 14 lakh new equity shares. The QIP was successfully priced at a 4x premium to face value (Rs. 50 vs Rs. 10), and the company has raised around Rs. 7 crore which may be used for growth, working capital, or debt reduction purposes.