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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 Raises Rs. 150 Crore via QIP

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 06 Nov 2026, 12:50 AM IST  ·  BSE ID: 5a005de7-45f7-4a5b-aece-ad6de977821b
View Original BSE Filing (PDF)
💡
In Simple Terms
The company successfully raised Rs. 150 crore from investors to fund new factory expansions and renewable energy initiatives.
🤖 AI Summary
  • Manaksia Coated Metals raised Rs. 150 crore through a fully subscribed Qualified Institutional Placement (QIP).
  • Funds will finance capacity expansion up to 3,60,000 MTPA and a backward integration project.
  • Company is commissioning a Second Colour Coating Line adding 1,50,000 MTPA capacity.
  • A 7 MW captive solar power plant at its Kutch facility is also under development.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Amount raised via QIP
Rs. 150 crore
Total income Q2 FY27
Rs. 321.55 crore
EBITDA Q2 FY27
Rs. 36.91 crore
Profit After Tax Q2 FY27
Rs. 18.73 crore
Order book
approximately ₹525 crore
Second Colour Coating Line capacity addition
1,50,000 metric tonnes per annum
Total pre-painted steel capacity post Phase 1
2,36,000 metric tonnes per annum
Captive solar power plant capacity
7 MW
Planned capacity expansion
up to 3,60,000 MTPA
🏢 How This Affects the Company
📈
Business Impact
The capital raise strengthens the company's balance sheet and provides financial flexibility to execute significant strategic projects, including capacity expansion and backward integration, aiming to triple output by FY29.
💰
Financial Impact
The Rs. 150 crore QIP enhances the company's financial resources, supporting its investment cycle and potentially improving cost competitiveness through backward integration and reduced energy costs.
⚙️
Operational Impact
The company is expanding its pre-painted steel capacity by 1,50,000 MTPA and developing a 7 MW solar power plant, alongside a backward integration project.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this QIP issuance.
👤
Who Is Affected
Existing shareholders may experience dilution due to the issuance of new equity shares under the QIP.
🔍
Management Signal
Management is signaling a commitment to aggressive expansion and long-term growth, prioritizing strategic investments to achieve ambitious output targets.

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

👁 Watch List - track these upcoming events
Commissioning of Second Colour Coating Line
Development of 7 MW captive solar power plant
Commencement of backward integration project
MEDIUM RISK Execution risk on ambitious expansion plans and integration projects; potential dilution from QIP.
💡 Investor Takeaway
Manaksia Coated Metals raised Rs. 150 crore via QIP to fund capacity expansion and backward integration, aiming for significant output growth by FY29.
⚖️ Strengths & Concerns

✅ Positives

  • Successful Rs. 150 crore QIP fully subscribed, indicating investor confidence in business fundamentals.
  • Q2 FY27 reported Rs. 36.91 crore EBITDA and an order book of approximately Rs. 525 crore.
📅 Company Track Record
Previous filings show conversion of warrants in June 2026 raising Rs. 3.90 Crore and a prior QIP in November 2026 raising INR 1,499.98 million.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
How much capital did Manaksia Coated Metals & Industries Limited raise through QIP?
Manaksia Coated Metals & Industries Limited successfully raised Rs. 150 crore through a Qualified Institutional Placement (QIP).
What will Manaksia Coated Metals & Industries Limited use the QIP funds for?
The funds will support upcoming strategic projects, including capacity expansion, backward integration, and the development of a 7 MW captive solar power plant.
What is the planned capacity addition from the Second Colour Coating Line?
The Second Colour Coating Line is expected to add 1,50,000 metric tonnes per annum (MTPA) of capacity.
What were Manaksia Coated Metals & Industries Limited's Q2 FY27 financial highlights?
In Q2 FY27, the company reported total income of Rs. 321.55 crore, EBITDA of Rs. 36.91 crore, and Profit After Tax of Rs. 18.73 crore.
What is Manaksia Coated Metals & Industries Limited's current order book value?
The company reported an order book of approximately ₹525 crore as of Q2 FY27.

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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