Manaksia Coated Metals & Industries allots ₹10.71 crore qualified institutions placement (QIP)

What happened

In a filing with the BSE on 11 November 2026 at 06:00 PM, Manaksia Coated Metals & Industries (MANAKCOAT) said that it has allotted qualified institutions placement (QIP) of ₹10.71 crore.

From the filing: "The approvals cover the equity shares allotted under the QIP."

How big is it?

At ₹10.71 crore, the issue is equal to about 0.6% of the company's market value of ₹1,769 crore.

Company snapshot

Manaksia Coated Metals & Industries is a small-cap company, with a market value of about ₹1,769 crore.

The stock last traded at ₹165.9, against a 52-week range of ₹94.2–₹170 (2.4% below the high).

Before this filing the shares had moved +29.2% over the month and +38.9% over three months. Average daily turnover over the last 20 sessions was about ₹8.74 crore.

Promoters held 57.78% at the end of Q2 FY27. Foreign institutions owned 0.19% and domestic institutions 0.59%.

What history shows

This is not the company's first fund raising disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.

Market-wide, 1,784 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 47% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• How the money raised is used and, for equity instruments, the dilution for existing shareholders.

In the news

Recent coverage elsewhere (links open the original publisher):

• Manaksia Coated Metals raised ₹150 crore through QIP — TradingView, 6 Nov 2026
• Manaksia Coated Metals Signs ₹500 Crore European Supply MoUs — Multibagg AI, 5 Nov 2026
• Manaksia Coated Metals Raises ₹150 Crore Through Fully Subscribed QIP — Machine Maker, 9 Nov 2026
• Manaksia Coated Metals signs ₹210 crore export MoU with European client — scanx.trade, 5 Nov 2026
• Manaksia Coated Metals & Industries Limited (MANAKCOAT.BO) — Yahoo! Finance Canada, 8 Nov 2026

Source

• Exchange filing (PDF)