Andhra Cements stock jumps over 9% after parent Sagar Cements announces OFS stake sale; check floor price and stock trend

Telangana-based cement maker Sagar Cements’ board of directors, on Monday, March 16, announced that the company has approved the stake sale of its subsidiary firm Andhra Cements via an offer for sale (OFS) route, according to an exchange filing. Andhra Cements' stock price jumped more than 9% during the early trading hours on NSE, while Sagar Cement stock was trading 0.23% higher after the stake sale update.

In an NSE filing, Sagar Cements disclosed that the board has approved a 7.24% or up to 66,76,843 equity shares with the face value of ₹10 apiece, stake sale in its board meeting on Monday. The update was filed after the market operating hours on March 16.

“We wish to inform you that the investment committee of the board of directors of the company, at its meeting held on today i.e., March 16, 2026, inter alia, considered and approved the offer for sale of up to 66,76,843 equity shares of face value of ₹10/- each, equivalent to 7.24% of the total issued equity share capital of Andhra Cements Limited, a subsidiary company,” Sagar Cements informed the stock exchange through the filing.

Andhra Cements OFS issue details

According to the filing data, Sagar Cements will sell 66,76,843 equity shares of face value of ₹10 apiece to retail and non-retail investors starting from Tuesday, March 17, 2026. However, interested investors can place their bids starting from Tuesday, till Wednesday, March 18, 2026.

The retail investors will be eligible to place their bids on March 18, as Tuesday’s bidding round will only be reserved for the non-retail portion of bidders. Andhra Cements’ OFS issue will be allocated on a price priority basis at multiple clearing prices, in accordance with the OFS Guidelines.

NSE filing showed that the retail investors will be able to bid for shares not more than ₹2,00,000 aggregated across stock exchanges, and the company has reserved 10% of the OFS shares for the retail investors, rest will be for the non-retail bidders.

Sagar Cements has fixed the floor price of the OFS deal at ₹52 per share for the interested investors looking to acquire a stake in Andhra Cements.

Stock price trend

Sagar Cements shares closed 0.09% lower at ₹175.99 after Monday’s stock market session, compared to ₹176.14 at the previous market close, NSE data showed. The company announced the OFS issue update after the market operating hours on March 16. Shares of Sagar Cements have given stock market investors more than 22.44% returns on their investment in the last five years, but have lost 11.59% in the last three years, according to the exchange data.

Although the shares have gained 3% in the last one-year period, on a year-to-date (YTD) basis, the cement maker’s stock is trading 17.56% lower so far in 2026. The shares are also trading 4.95% lower in the last five sessions on the Indian stock market.

Andhra Cements shares have lost 9.85% in one year, and are down 22.32% on a year-to-date (YTD) basis so far in 2026. The shares of the subsidiary firm are trading 5.35% lower in the last five sessions on the Indian stock market.