Aanchal Ispat Ltd Promoter Mukesh Goel Proposes to Sell 19.97% Stake via Stock Exchange Mechanism

Aanchal Ispat Ltd promoter Mukesh Goel proposes to sell 19.97% of the paid-up equity share capital of the company through the stock exchange mechanism. The offer for sale (OFS) will take place over two trading days, with the first day (T Day) open for non-retail investors and the second day (T+1 Day) open for retail investors and non-retail investors who choose to carry forward their un-allotted bids. The allocation will be at or above the floor price on a price priority basis at multiple clearing prices. 10% of the offer shares are reserved for allocation to retail investors, with a maximum of 25% reserved for mutual funds and insurance companies. The offer size is up to 5,65,725 equity shares of the company, representing 19.97% of the total paid-up equity share capital.