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The cement player will sell up to 66.76 lakh equity shares, representing 7.24% of the total paid-up equity share capital of its subsidiary Andhra Cements Ltd, at a floor price of ₹52 per share. Shares of Sagar Cements Ltd ended at ₹171, down by ₹4.20, or 2.40%, on the BSE today, March 16.
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Hyderabad-based cement manufacturer Sagar Cements Ltd on Monday (March 16) approved an offer for sale (OFS) of up to 66.76 lakh equity shares, representing 7.24% of the total paid-up equity share capital of its subsidiary Andhra Cements Ltd, through the stock exchange mechanism at a floor price of ₹52 per share.
The decision was taken by the investment committee of the company’s board at a meeting. The OFS will be conducted through a separate window on the stock exchanges in accordance with the guidelines issued by the Securities and Exchange Board of India (SEBI).
The offer will open for non-retail investors on March 17, 2026 (T day), and for retail investors on March 18, 2026 (T+1 day). Bidding on both days will take place between 9.15 am and 3.30 pm IST.
Also Read: Sagar Cements Q2 loss narrows to ₹42 crore on 27% revenue growth and higher sales volumes
Under the offer structure, only non-retail investors will be allowed to place bids on T day. Those who choose to carry forward unallotted bids will be allowed to revise them on the T+1 day. Retail investors will be permitted to place bids on March 18, while non-retail investors who opted to carry forward unallotted bids can revise their bids on the same day.
The allocation will be done at or above the floor price on a price-priority basis at multiple clearing prices, in line with the OFS guidelines. Retail investors will have the option to bid at the cut-off price. A minimum of 10% of the offer shares will be reserved for retail investors, while at least 25% of the shares in the non-retail category will be reserved for mutual funds and insurance companies, subject to valid bids at or above the floor price.
No single bidder, other than mutual funds registered with SEBI and insurance companies registered with the Insurance Regulatory and Development Authority, will be allocated more than 25% of the shares offered. The company has not provided any retail discount for the OFS. Anand Rathi Share and Stock Brokers Limited will act as the sole broker for the transaction.
Also Read: Sagar Cements shares decline after it reports weak Q2 results but maintains volume guidance
The OFS is being undertaken to meet the minimum public shareholding requirements. The seller reserves the right not to proceed with the offer before its opening on T day. The offer may also be cancelled if there is insufficient demand at or above the floor price or if settlement obligations are not met.
Settlement for bids placed by non-retail investors with full upfront payment on T day will take place on T+1 day, while settlement for bids placed on T+1 day, including those by retail investors, will be completed on T+2 day.
Shares of Sagar Cements Ltd ended at ₹171, down by ₹4.20, or 2.40%, on the BSE today, March 16.
(Edited by : Shoma Bhattacharjee)
First Published:
Mar 16, 2026 6:30 PM
IST
