Mukesh Goel (the "Seller")(the "Promoter") of Aanchal Ispat Ltd (the "Company") proposes to sell 19.97% of the paid-up equity share capital of the Company (equivalent up to 5,65,725 equity ....
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Mukesh Goel, promoter of Aanchal Ispat Ltd, proposes to sell up to 5,65,725 equity shares (19.97% of paid-up capital) through an Offer for Sale on the BSE stock exchange. The floor price is set at ₹50 per share, with bidding on February 3, 2026 for non-retail investors and February 4, 2026 for retail investors. The sale is primarily aimed at achieving the minimum public shareholding requirement under SEBI rules. There is no green shoe option, and Allwin Securities is acting as the seller's broker.
This large promoter sell-off of nearly 20% of the company could create supply pressure on the stock in the short term and lead to price discovery at or above ₹50. For shareholders, it increases public float and improves liquidity, but signals promoter exiting a significant chunk of their stake primarily for compliance purposes.