Banganga Paper Industries share price came into focus in the stock market today after the company announced a mandatory open offer following a major preferential allotment and change in control. The development has brought renewed attention to the small-cap stock, which trades below ₹100.
The company disclosed that the open offer is aimed at acquiring the entire public shareholding, marking a significant shift in ownership structure.
Market Performance
Banganga Paper Industries announced an open offer to acquire 3,47,88,000 equity shares, representing 100% of the existing public shareholding, at an offer price of ₹1.45 per share.
- Offer size: 3,47,88,000 shares
- Offer price: ₹1.45 per share
- Total consideration: ₹5.04 crore
- Mode of payment: Entirely in cash
The offer size was fixed at 100% of the public float as 26% of the expanded equity capital exceeds the current public shareholding.
Main News: Open Offer Triggered by Preferential Allotment
The open offer was triggered after the board approved a preferential allotment of 10,06,29,680 equity shares, which represents 30.42% of the emerging equity capital.
This allotment is largely being executed through a share swap, where equity shares of CMJ Breweries Private Limited are being exchanged at a price of ₹1.45 per share.
The move represents an important step in the planned shift in control at Banganga Paper Industries.
Strategic Actions and Corporate Changes
In a separate exchange filing dated December 17, the company outlined a series of board-approved actions linked to the change in control. These include both structural and strategic decisions.
- Authorised share capital increase: ₹36 crore from ₹12 crore (subject to shareholder approval)
- Acquisition: 78.90% equity stake in CMJ Breweries Private Limited via share swap
- Preferential issuances approved:
- Up to 15,10,64,917 equity shares for consideration other than cash
- 6,00,00,000 equity shares for cash at ₹1.45 per share
- 2,20,00,000 convertible warrants
In addition, the board approved:
- Change of company name to Asgard Alcobev Limited
- Increase in borrowing and investment limits to ₹500 crore
- Sale of 99.96% stake in Banganga Paper Mills Limited for ₹11.21 crore
- Shift of registered office from Nashik, Maharashtra, to Shillong, Meghalaya
An extraordinary general meeting (EGM) has been scheduled for January 14, 2026, to seek shareholder approvals for these proposals.
Banganga Paper Industries Share Price Trend
Banganga Paper Industries share price has seen mixed performance over different timeframes.
- 1-year return: Down 28%
- 6-month return: Down 27%
- 3-month return: Up nearly 9%
- 1-month return: Up around 10%
At the current price of ₹54.41, the stock is about 50% below its 52-week high of ₹90.27, recorded in March 2025. It touched a 52-week low of ₹38 in November 2025.
- Market capitalisation: ₹651.05 crore
Company Details
Banganga Paper Industries operates in the paper manufacturing space and is now undergoing a major corporate restructuring. The proposed transactions indicate a shift towards diversification through the acquisition of a brewery business and changes in capital structure, ownership, and corporate identity.
Summary
Banganga Paper Industries share price is under the spotlight in the stock market today following the announcement of a mandatory open offer at ₹1.45 per share and a series of board-approved strategic changes.
- Open offer targets 100% of public shareholding
- Total offer value stands at ₹5.04 crore
- Preferential allotment and share swap triggered the offer
- Multiple corporate actions approved, including name change and asset sale
- EGM scheduled for January 14, 2026
The developments mark a significant transition phase for the company, keeping the stock firmly on investors’ watchlists.
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