Board Meeting2 Jul 2026, 08:20 pm
Manorama Industries Closes QIP, Allots 34.01 Lakh Shares at ₹1,470
AI Summary
Manorama Industries Limited has announced the closure of its Qualified Institutional Placement (QIP). The Board of Directors, in a meeting held on July 02, 2026, approved the closure of the issue after receiving applications and funds from eligible Qualified Institutional Buyers (QIBs). The company has allocated 34,01,360 equity shares at an issue price of ₹1,470 per share. This price represents a discount of approximately 0.99% to the floor price of ₹1,547.18 per share. The Placement Document has also been approved, and allocation notes will be sent to the QIBs.
Key Highlights
- Manorama Industries successfully closed its Qualified Institutional Placement (QIP).
- 34,01,360 equity shares were allocated to QIBs.
- The issue price was fixed at ₹1,470 per share.
- The allocation price was at a slight discount to the floor price.
- The Board approved the closure and allocation of the QIP.
Price Impact
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