Shares of Real estate developer Anant Raj Ltd. fell over 4% on Wednesday, October 8, after the company’s Finance and Investment Committee has approved the opening of a qualified institutions placement (QIP) of equity shares with a floor price of ₹695.83 per share.The floor price has been determined in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company said in a filing to the exchanges.
The company may offer a discount of up to 5% on the floor price as permitted under the regulations. The issue price will be finalised in consultation with the book-running lead managers appointed for the offering.
All five analysts who have coverage on Anant Raj have a “buy” rating on it.
Shares of Anant Raj are currently trading 4.2% lower on Wednesday at ₹705. The stock had surged over 4% in Tuesday’s session. The stock is still down 17% on a year-to-date basis.
First Published: Oct 7, 2025 10:02 PM IS
