Market Performance
The Andhra Cements share price grabbed the spotlight in the stock market today, rising sharply and locking into the upper circuit during early trade on Friday.
The stock jumped 9.99% to ₹75.99, marking its biggest intraday gain since August 2025. The move was swift and decisive, with buyers lining up right from the opening bell.
Trading activity also told a strong story. Over 1.41 lakh shares changed hands during the session, a clear jump compared to the 30-day average volume of around 16,200 shares. The sudden surge in volumes showed heightened market participation and attention around the counter.
Main News: What Triggered the Rally?
The sharp rise in the Andhra Cements share price came as the market reacted to the opening of an Offer For Sale (OFS) by promoter Sagar Cements.
Sagar Cements has put up 75 lakh equity shares for sale, which equals 8.14% of Andhra Cements’ paid-up equity capital. The move is aimed at meeting minimum public shareholding requirements.
What caught the market’s eye was the pricing.
- The OFS floor price was fixed at around ₹72 per share
- This reflected a premium of nearly 8.9% compared to Thursday’s closing price
The OFS opened on Friday for non-retail investors.
Retail investors, along with non-retail investors who carry forward unallotted bids, can participate on Monday, January 12.
The sale is being conducted through a separate OFS window on both the NSE and BSE.
OFS Subscription Update (Non-Retail Segment)
Early bidding data pointed to steady participation from institutional investors.
Key data available by noon on Friday:
- Cumulative bids: 18.7 lakh shares
- Subscription level: Around 27.7% for the non-retail portion
- Margin: All bids were placed with 100% margin, as per exchange data
The subscription trend added to positive sentiment around the stock during the session.
Company Details: Shareholding Snapshot
As per the quarter ended September 30, the shareholding structure stood as follows:
- Sagar Cements holding: Around 90%
- Public shareholding: Around 10%
Post the OFS, promoter holding is expected to come down, helping Andhra Cements align with public shareholding norms.
Context from Promoter Company
The OFS comes at a time when Sagar Cements is navigating a mixed operating environment.
For the September quarter:
- Net loss: ₹42.17 crore
- Improved from a loss of ₹55.77 crore a year ago
- Revenue: ₹601.8 crore
- Up 27% year-on-year
- EBITDA: ₹51.28 crore
- More than doubled compared to last year
- Sales volumes: Up 17% year-on-year
Ahead of the OFS announcement, Sagar Cements shares ended 4.6% lower at ₹206.90 on Thursday.
Summary
To sum it up, the Andhra Cements share price saw a sharp upper-circuit move in the stock market today, driven by strong market interest around the promoter’s 8.14% stake sale via OFS.
A premium floor price, a visible jump in volumes, and steady early bidding in the non-retail segment helped fuel the rally. With the OFS process underway and retail participation scheduled next, Andhra Cements remained firmly on traders’ radar during the session.
Source: Moneycontrol
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