TANFAC Industries, one of India’s leading fluorine chemicals manufacturers, is set to accelerate its next phase of growth after securing a combined capital infusion of approximately Rs. 423.5 crore through a successful Qualified Institutional Placement (QIP) and a proposed preferential issue.

 

The company announced that its Board of Directors has approved the preferential issue of 7,41,082 equity shares at an issue price of Rs. 2,341 per share, aggregating approximately Rs. 173.5 crore, subject to shareholders’ approval.

 

The move follows the successful completion of TANFAC’s QIP, which raised approximately Rs. 250 crore from marquee institutional investors, strengthening the company’s balance sheet and providing additional momentum for its expansion plans.

 

The proposed preferential issue will see a Rs. 135 crore investment from promoter Anupam Rasayan India Limited, with the remaining portion subscribed by institutional investors, including Alrox Enterprises Private Limited, Vivek Jain (Action Group), and Tatvam Trade (Niveshaay Investments).

 

The combined fundraising marks a significant strategic milestone for TANFAC, reinforcing promoter commitment and investor confidence in the company’s long-term growth roadmap. The fresh capital is expected to enhance financial flexibility, support expansion initiatives, and further align the interests of promoters and shareholders as the company scales its operations.

 

The proceeds will be deployed towards key growth initiatives, including strengthening TANFAC’s position in the R-32 refrigerant gas segment, expanding its portfolio of value-added fluorochemical products, executing capacity expansion plans, and making strategic investments aimed at improving scale, capabilities, and long-term competitiveness.

 

Following the completion of the preferential issue, TANFAC’s paid-up equity share capital will rise from 2,12,08,918 equity shares to 2,19,50,000 equity shares.

 

Commenting on the development, Afzal Malkani, Managing Director said: "The successful completion of the QIP, followed by the proposed preferential issue, marks a significant milestone in TANFAC's growth journey and reflects the strong confidence of our promoters and investors in the Company's long-term strategy and future potential. 

 

"Together, these capital raises will strengthen our financial position and enhance our ability to execute our planned investments while maintaining a prudent capital structure and creating long-term value for all stakeholders."