Manorama Industries Completes Qualified Institutions Placement (QIP) of Equity Shares
Manorama Industries Ltd has closed its Issue of equity shares through a Qualified Institutions Placement (QIP). The company's Board of Directors finalized the closure on Thursday, July 02, 2026, following the receipt of application forms and funds in the escrow account from eligible qualified institutional buyers.The QIP was initiated on Monday, June 29, 2026. Following the successful conclusion of the placement, Manorama Industries announced the allocation details for the Issue.
The Board determined and approved the allocation of 34,01,360 Equity Shares. The pricing structure established during the closure included an issue price of X 1,470 per Equity Share.
Details regarding the pricing and allocation are provided below:
| Parameter | Value |
|---|---|
| Total Equity Shares Allotted | 34,01,360 |
| Issue Price per Share | X 1,470 |
| Floor Price per Share | X 1,547.18 |
| Premium per Share | X 1,468 |
| Discount from Floor Price | % 77.18 |
The company's Board also approved the Placement Document related to the Issue and finalized the confirmation of allocation note intended for all eligible QIBs, confirming their allotment of Equity Shares under this placement.
MANORAMA Stock Price Movement
Today, shares of Manorama Industries Limited edged higher in post-market trading, closing at ₹1581.2 after gaining 1.28%. The stock traded within a wide intraday range, hitting a low of ₹1561 but peaking at ₹1599.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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