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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 & Industries Ltd: Allots Equity Shares via QIP, Raises INR 149.99 Crore

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 06 Nov 2026, 12:09 AM IST  ·  BSE ID: 7e713a25-d6eb-4e01-96a2-db9f589c29d9
View Original BSE Filing (PDF)
💡
In Simple Terms
The company raised over Rs. 149 Crore by selling new shares to institutional investors through a Qualified Institutions Placement.
🤖 AI Summary
  • Company allotted 1,19,99,847 equity shares via QIP, raising INR 149,99,80,875.
  • Issue price was INR 125 per share, a 1.58% discount to the floor price of INR 127.01.
  • The QIP was open from October 29, 2026, to November 05, 2026.
  • Paid-up equity share capital increased to INR 11,86,33,897 post-allotment.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Amount Raised via QIP
INR 149,99,80,875
Number of Equity Shares Allotted
1,19,99,847
Issue Price Per Equity Share
INR 125
Floor Price Per Equity Share
INR 127.01
Discount to Floor Price
INR 2.01
Percentage Discount to Floor Price
1.58%
Original Paid-up Equity Share Capital
INR 10,66,34,050
New Paid-up Equity Share Capital
INR 11,86,33,897
🏢 How This Affects the Company
📈
Business Impact
This fundraise provides capital which may be used for expansion or other corporate purposes, potentially strengthening the company's business operations.
💰
Financial Impact
The issuance of equity shares increases the company's paid-up equity share capital and cash reserves. It also impacts the equity structure and potentially earnings per share.
⚠️
Risk Impact
Increased equity dilution may affect existing shareholders' percentage ownership and earnings per share if not matched by commensurate profit growth.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders related to this allotment.
👤
Who Is Affected
All existing shareholders are affected due to the increase in the total number of equity shares outstanding and resultant equity dilution.
🔍
Management Signal
The decision to conduct a QIP signals management's intent to raise capital for strategic objectives and business growth.

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

👁 Watch List - track these upcoming events
Company's next quarterly results to assess fund utilization.
Management commentary on strategic plans for the capital raised.
Future shareholding patterns after the QIP allotment.
MEDIUM RISK Equity dilution and discount to floor price are considerations, alongside the unstated use of funds.
💡 Investor Takeaway
Manaksia Coated Metals & Industries Ltd raised INR 149,99,80,875 through QIP by allotting 1,19,99,847 shares at INR 125 each, increasing paid-up capital to INR 11,86,33,897.
⚖️ Strengths & Concerns

✅ Positives

  • Successful QIP completion aggregating INR 149,99,80,875, indicating investor confidence.
  • Increased paid-up equity share capital to INR 11,86,33,897, bolstering the company's financial base.

⚠️ Concerns

  • Allotment at a discount of INR 2.01 per share (1.58%) to the floor price indicates market conditions or pricing strategy.
  • Equity dilution from allotment of 1,19,99,847 shares impacts existing shareholder percentage ownership.
📅 Company Track Record
The company had previously raised Rs. 3.90 Crore by converting warrants in June 2026 and INR 150 Crore via QIP in November 2026 for expansion.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
How much capital did Manaksia Coated Metals & Industries Ltd raise through its QIP?
The company raised INR 149,99,80,875 (Indian Rupees One Hundred Forty-Nine Crore Ninety-Nine Lakhs Eighty Thousand Eight Hundred Seventy-Five Only) through the Qualified Institutions Placement.
How many shares were allotted in Manaksia Coated Metals & Industries Ltd's QIP?
A total of 1,19,99,847 (One Crore Nineteen Lakhs Ninety-Nine Thousand Eight Hundred Forty-Seven) equity shares were allotted during the QIP.
What was the issue price per share for the QIP?
The equity shares were allotted at an issue price of INR 125 (Indian Rupees One Hundred Twenty-Five Only) per share.
What is the new paid-up equity share capital of Manaksia Coated Metals & Industries Ltd after the QIP?
The paid-up equity share capital of the company has increased to INR 11,86,33,897 (Indian Rupees Eleven Crore Eighty-Six Lakhs Thirty-Three Thousand Eight Hundred Ninety-Seven Only).
When did Manaksia Coated Metals & Industries Ltd's QIP open and close?
The QIP opened on October 29, 2026, and closed on November 05, 2026.

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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