Announced Thu, 25 Jun · 23:01 IST
Tanfac allots 12.59 lakh shares via QIP at Rs 1,985.83 each
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹2400.00
prior close
₹2410.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+1.0+0.1+1.0+3.4+2.9+2.0+1.3-3.6-3.4+12.9———
Up moveDown movePending
AI summary
Tanfac Industries allotted 12,58,918 equity shares to qualified institutional buyers at Rs 1,985.83 per share, raising about Rs 250 crore. Shares were priced at a 5% discount to the floor price. Key allottees include Malabar India Fund (18%), Motilal Oswal mutual fund schemes clubbed (14%), Bengal Finance and Investment (10%), Motilal Oswal India Excellence Fund (10.41%), and several AIFs. Paid-up share capital rose from Rs 9.97 crore to Rs 10.60 crore, a dilution of about 6.3%.
Likely market impact
Raises about Rs 250 crore for the company. Dilution of roughly 6.3%; 5% discount to floor price may weigh on stock in the near term.