Andhra Cements jumps 10% as parent Sagar Cements announces OFS; check floor priceAndhra Cements jumps 10% as parent Sagar Cements announces OFS; check floor price

Introduction

Leading cement manufacturer approved a 7.24% stake sale in its subsidiary via an offer for sale of 66,76,843 shares, with floor price set at ₹52.

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Share price movement of Andhra Cements

On March 17, 2026, Andhra Cements Ltd opened at ₹53.89, up 5.89% from its previous close of ₹50.91. The stock reached a high of ₹56.00 (9.98%) and a low of ₹52.20 (2.53%). By 11:10 AM, it traded at ₹52.60, a 3.32% increase, with a market cap of ₹484.83 crore.

Sagar Cements Approves Andhra Cements OFS

Andhra Cements Ltd’s parent company Sagar Cements’ board approved the sale of 7.24% stake in its subsidiary Andhra Cements. The sale includes 66,76,843 equity shares of ₹10 each via an offer for sale.

The OFS will open on March 17, 2026, for non-retail investors and March 18 for retail investors. Bids will follow price priority allocation at multiple clearing prices.

Retail investors can bid for shares up to ₹2,00,000. The company reserved 10% of the shares for retail investors. The floor price for the OFS is fixed at ₹52 per share.

Stock performance of Andhra Cements for period of 1 week, 6 months, and 1 year

Andhra Cements Ltd delivered a 1-week return of -5.36%, a 6-month return of -48.0%, and a 1-year return of -9.86%.

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Shareholding pattern of Andhra Cements

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	90.00%	90.00%	90.00%
FII	0%	0%	0.00%
DII	0.30%	0.30%	0.30%
Public	9.70%	9.70%	9.70%

About Andhra Cements

Andhra Cements Ltd (NSE: ACL), established in 1936, manufactures cement, resumed operations at Sri Durga Cement Works in 2023, while Visaka Cement Works remains non-operational.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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