Manaksia Coated Metals Allots 1.2 Cr Equity Shares for ₹150 Cr

Manaksia Coated Metals & Industries Ltd has approved the allotment of 1,19,99,847 equity shares at an issue price of INR 125 per share, a discount of 1.58% to the floor price of INR 127.01. The total amount raised is INR 149,99,80,875 (approximately ₹150 Crore). This allotment increases the company's paid-up equity share capital to INR 11,86,33,897. The issue was open from October 29, 2026, to November 05, 2026, and was conducted via Qualified Institutions Placement (QIP). Key allottees include Saint Capital Fund, Uni Growth Fund, and Tiger Strategies Fund-I.