Manorama Industries Announces Qualified Institutional Placement of Equity Shares; Sets Floor Price
Manorama Industries Limited has announced that it is launching an issue of equity shares through a qualified institutions placement. The company established the relevant date for the Issue on June 29, 2026, and determined the floor price based on its pricing formula.The Board of Directors approved and adopted the preliminary placement document in connection with this Issue. The offering commenced on Monday, June 29, 2026, and the company's Board authorized the opening of the issue.
Manorama Industries Limited set the floor price for the equity shares at X 1,547.18 per Equity Share. Furthermore, the company indicated that it may offer a discount of not more than 5% on this calculated floor price.
The Issue is being conducted in accordance with established regulations governing the placement of equity shares to qualified institutions.
For regulatory compliance regarding insider trading related to the Issue, the company announced that the trading window for dealing in its securities will remain closed from June 29, 2026, until further notice.
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Note: Manorama Industries Limited holds certifications including ISO 9001, ISO 14001, ISO 45001, and is certified for RSPO, Kosher, and Halal (MUI). The company is also a Government of India Recognized Star Export House and holds MSME ZED GOLD certification.
MANORAMA Stock Price Movement
On Monday, shares of Manorama Industries Limited edged higher, closing at ₹1587.1 after rallying by 1.05%. The positive movement occurred amid heavy activity, with the stock recording a total traded volume of 187,320 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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