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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Manaksia Coated Metals & Industries Ltd

Manaksia Coated Metals Closes QIP Issue, Allots Equity Shares at INR 125

FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 05 Nov 2026, 08:42 PM IST  ·  BSE ID: fa92eedf-7aa2-4c3d-aa65-ed1896cad6d1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company successfully raised funds by selling new shares to large investors at a set price.
🤖 AI Summary
  • Manaksia Coated Metals & Industries Ltd finalized its QIP issue, allotting 1,19,99,847 shares.
  • The equity shares were priced at INR 125 each, representing a 1.58% discount to the floor price.
  • Total funds raised through the QIP issue amounted to INR 1,499.98 million.
  • The company has approved the placement document and allocation notes for qualified institutional buyers.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Equity Shares Allocated
1,19,99,847
Issue Price per Equity Share
INR 125
Discount to Floor Price
INR 2.01
Percentage Discount to Floor Price
1.58%
Floor Price per Equity Share
INR 127.01
Premium per Equity Share
INR 124
Total Funds Raised
INR 1,499.98 million
🏢 How This Affects the Company
📈
Business Impact
The QIP issue strengthens the company's capital base, enabling potential future investments or debt reduction.
💰
Financial Impact
The company has raised INR 1,499.98 million in equity, enhancing its financial resources and potentially improving its debt-to-equity ratio.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders.
👤
Who Is Affected
Existing shareholders are affected by potential dilution of their ownership percentage due to the issuance of new equity shares.
🔍
Management Signal
Management signal indicates proactive capital raising to strengthen the company's financial position and fund future endeavors.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Filing of Placement Document with Stock Exchanges
Website update confirming QIP details
Disclosure of fund utilization in subsequent filings
LOW RISK Routine QIP closure and allotment, well within regulatory framework.
💡 Investor Takeaway
Manaksia Coated Metals & Industries Ltd closed its QIP issue, allotting 1,19,99,847 equity shares at INR 125 per share, raising a total of INR 1,499.98 million.
⚖️ Strengths & Concerns

✅ Positives

  • Successfully raised INR 1,499.98 million through QIP, demonstrating investor confidence.
  • Allocated 1,19,99,847 equity shares at a fixed price of INR 125 per share.

⚠️ Concerns

  • The issue price of INR 125 was at a 1.58% discount to the floor price of INR 127.01.
📅 Company Track Record
In June 2026, Manaksia Coated Metals & Industries Ltd raised Rs. 3.90 Crore by converting 8,00,000 warrants into equity.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total amount raised by Manaksia Coated Metals & Industries Ltd through its QIP?
The company raised a total of INR 1,499.98 million through the Qualified Institutions Placement (QIP) issue.
How many equity shares did Manaksia Coated Metals & Industries Ltd allot in its QIP?
The company allotted 1,19,99,847 equity shares in its QIP issue.
At what price were the equity shares allotted in the QIP?
The equity shares were allotted at an issue price of INR 125 per Equity Share.
What was the discount offered on the floor price for the QIP shares?
The equity shares were allotted at a discount of INR 2.01 per share, which is 1.58% to the floor price of INR 127.01.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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