Anant Raj sets QIP floor price at INR 695.83

Anant Raj Limited initiated its Qualified Institutions Placement (QIP) today, October 7, 2025, following resolutions passed by its finance and investment committee. The company approved a floor price of INR 695.83 per equity share for the issue, as determined by the pricing formula under SEBI ICDR Regulations. This QIP, involving equity shares with a face value of INR 2 each, aims to raise capital under the provisions of Chapter VI of the SEBI ICDR Regulations, 2018, and relevant sections of the Companies Act, 2013.

The 'relevant date' for the issue, as per Regulation 171(b)(i) of the SEBI ICDR Regulations, is also October 7, 2025. Anant Raj Limited has the discretion to offer a discount of not more than 5% on the calculated floor price, a decision supported by a special resolution from shareholders on December 3, 2024. The final issue price will be determined in consultation with the book-running lead managers.

The company will file the preliminary placement document with both BSE Limited and the National Stock Exchange of India Limited today. The finance and investment committee meeting, which approved these actions, concluded at 08:10 P.M. (IST). Additionally, the trading window for designated persons has been closed since October 1, 2025, and will remain so until 48 hours after the declaration of unaudited financial results for the six months ended June 30, 2025.