MANAKCOATManaksia Coated Metals & Industries Ltd.
Manaksia Coated Metals & Industries allots 1.20 crore shares in ₹150 crore QIP
- Capital raise
- steel coating
Reviewed byKeshav SehgalBlacklitt Research
Manaksia Coated Metals & Industries (NSE: MANAKCOAT) allotted 1,19,99,847 equity shares at ₹125 each in its qualified institutions placement, aggregating ₹150 crore, it said in a filing on 06 Nov 2026. The issue opened on 29 Oct 2026 and closed on 05 Nov 2026.
Key highlights
- Equity shares allotted: 1,19,99,847 at ₹125 each
- Aggregate allotment: ₹149,99,80,875 (about ₹150 crore)
- Discount to floor price: ₹2.01 per share (1.58%)
- Paid-up capital after allotment: ₹11.86 crore
The QIP in numbers
| Item | Detail |
|---|---|
| Issuer | Manaksia Coated Metals & Industries Limited |
| Type of issue | Qualified institutions placement under Chapter VI of the SEBI ICDR Regulations |
| Issue opened | 29 Oct 2026 |
| Issue closed | 05 Nov 2026 |
| Shares allotted | 1,19,99,847 equity shares of face value ₹1 each |
| Issue price | ₹125 per share |
| Floor price | ₹127.01 per share |
| Discount to floor | ₹2.01 per share (1.58%) |
| Aggregate amount | ₹149,99,80,875 |
| Allottees | 16, comprising AIFs and FPIs/VCCs |
| Largest allottee | Saint Capital Fund (FPI), 36,00,000 shares, 30.00% of the issue |
Size and pricing of the allotment
The allotment is 1,19,99,847 shares at ₹125 each, a discount of ₹2.01 per share to the floor price of ₹127.01. The company's disclosure gives the discount as 1.58%.
At the issue price, the aggregate of ₹149,99,80,875 is about ₹150 crore, against a market value of about ₹1,651 crore at the 05 Nov 2026 close of ₹154.83 a share, according to Blacklitt's data.
Who took the shares and the capital base
The shares went to 16 allottees, all AIFs or FPIs/VCCs. Saint Capital Fund took 36,00,000 shares, 30.00% of the issue, and UNI Growth Fund took 24,00,000 shares, 20.00%.
Paid-up equity share capital rises from ₹10.66 crore to ₹11.86 crore, with 11,86,33,897 shares of ₹1 each after allotment.
What the QIP means for Manaksia Coated Metals & Industries' shareholders
The allotment adds about ₹150 crore of equity and about 1.20 crore shares, which increases the share count by about 11.3%. The company's own latest quarter, Q2 FY27, showed total income of ₹321.55 crore and net profit of ₹18.73 crore on a consolidated basis, according to Blacklitt's data.
The filing does not say how the proceeds will be used, why the issue was priced at a discount to the floor price, or what the issue expenses were. The filing is signed on 05 Nov 2026 and is the only dated step it records.
Filed with NSE on . Reference: Original filing (PDF)
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