Announced Thu, 25 Jun · 20:42 IST
TANFAC QIP closes; 12.59 lakh shares allotted at Rs 1985.83
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 has closed its qualified institutional placement (QIP), allotting 12,58,918 equity shares at Rs 1,985.83 each to eligible QIBs. The floor price was Rs 2,090.34, with a 5 percent discount of Rs 104.51 per share applied as permitted under SEBI ICDR rules. The Fund-Raising Committee approved the closure and allocation on June 25, 2026.
Likely market impact
Minor dilution from new QIB shares at 5 percent discount to floor price. Signals institutional interest; watch for support near issue price.