Corporate Action5 Nov 2026, 08:54 pm
Manaksia Coated Metals Closes QIP Offer, Allots 1.2 Cr Shares
AI Summary
Manaksia Coated Metals & Industries Ltd announced the closure of its Qualified Institutional Placement (QIP) offer on November 05, 2026. The company has approved the allocation of 1,19,99,847 equity shares at an issue price of INR 125 per share, representing a discount of 1.58% to the floor price of INR 127.01. The premium per share is INR 124. The company will file the Placement Document with the stock exchanges and make it available on its website.
Key Highlights
- QIP offer closed on November 05, 2026.
- 1,19,99,847 equity shares allocated.
- Issue price set at INR 125 per share.
- Discount of 1.58% applied to the floor price.
- Placement Document to be filed with exchanges.
Price Impact
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