Manaksia Coated Metals & Industries allots ₹150 crore qualified institutions placement (QIP)
Manaksia Coated Metals & Industries (BSE: MANAKCOAT) said it has allotted qualified institutions placement (QIP) of ₹150 crore. The company is valued at about ₹1,609 crore.
What happened
Manaksia Coated Metals & Industries (BSE: MANAKCOAT) informed the stock exchanges on 6 November 2026 at 12:09 AM that it has allotted qualified institutions placement (QIP) of ₹150 crore.
From the filing: "The Issue opened on October 29, 2026, and closed on November 05, 2026, and the same was intimated to you through our letters dated October 29, 2026, and November 05, 2026, respectively."
How big is it?
At ₹150 crore, the issue is equal to about 9.3% of the company's market value of ₹1,609 crore.
Company snapshot
Manaksia Coated Metals & Industries is a small-cap company, with a market value of about ₹1,609 crore.
The stock last traded at ₹150.9, against a 52-week range of ₹94.2–₹156.9 (3.8% below the high).
Before this filing the shares had moved +19.6% over the month and +32.5% over three months. Average daily turnover over the last 20 sessions was about ₹8.03 crore.
Promoters held 57.78% at the end of Q2 FY27. Foreign institutions owned 0.19% and domestic institutions 0.59%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 220 | 14 | 1.45 |
| Q3 FY26 | 187 | 7.3 | 0.74 |
| Q4 FY26 | 227 | 5.4 | 0.66 |
| Q1 FY27 | 262 | 14.1 | 1.33 |
| Q2 FY27 | 319 | 18.7 | 1.76 |
What history shows
BCEIE's records show 2 previous fund raising filings from the company since May 2026.
Market-wide, 1,733 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 & Industries Ltd Estimates – NSE:MANAKCOAT
- Manaksia Coated Metals targets threefold FY29 output, income
- Manaksia Coated Metals Opens QIP at Rs 127.01 Floor Price
- Manaksia Coated Metals & Industries Limited (MANAKCOAT.NS) Seasonal Returns Chart - Yahoo Finance
- Manaksia Coated Metals Reports Q2 Revenue Of ₹3.2 Billion Versus ₹2.2 Billion YoY
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.