Manorama Industries Completes Qualified Institutions Placement (QIP) Raises ₹500 Crores
Manorama Industries Limited has successfully concluded a Qualified Institutions Placement (QIP) of equity shares, raising approximately ₹ 50,000 Lakhs or Rupees Five Hundred Crores. The placement aimed at institutional buyers and has resulted in a significant increase in the company's paid-up equity share capital.The Board of Directors of Manorama Industries Limited approved the issue and allotment of 34,01,360 Equity Shares during its meeting on July 02, 2026. These shares were allotted to eligible qualified institutional buyers at an issue price of ₹ 1,470 per Equity Share, which included a premium of ₹ 1,468 per Equity Share over the face value of ₹ 2 each. The placement was conducted between Monday, June 29, 2026, and Thursday, July 02, 2026.
The details of the secured issuance are summarized below:
| Type of Securities | Details |
|---|---|
| Issuance Type | Qualified Institutions Placement |
| Total Shares Issued | 34,01,360 Equity Shares (Face Value ₹ 2) |
| Issue Price | ₹ 1,470 per Equity Share |
| Premium on Issue | ₹ 1,468 per Equity Share |
| Discount from Floor Price | ₹ 77.18 or 4.99% |
| Total Funds Raised (Approx.) | ₹ 50,000 Lakhs (Rupees Five Hundred Crores Only) |
Capital Structure Update
Following the allotment of these Equity Shares in the QIP, Manorama Industries Limited has seen an increase in its paid-up equity share capital. Prior to the placement, the company's paid-up Equity Share capital stood at ₹ 11,94,17,060, comprising 5,97,08,530 Equity Shares.The post-placement structure reflects a new paid-up capital of ₹ 12,62,19,780, consisting of 6,31,09,890 Equity Shares of face value ₹ 2 each.
Key Allottees Identified
The placement attracted various institutional investors. The company has disclosed the list of allottees who were allotted more than 5% of the Equity Shares offered in the Issue.A selection of major allottees and their allotment details are provided below:
| Name of the Allottees | No. of Equity Shares Allotted | % of Total Equity Shares Offered in the Issue | Category |
|---|---|---|---|
| VQ FASTERCAP FUND | 6,80,272 | 20.0000 | ALTERNATE INVESTMENT FUND (AIF) |
| VALUEQUEST INDIA INFLEXION FUND | 5,10,204 | 15.0000 | ALTERNATE INVESTMENT FUND (AIF) |
| VQ FASTERCAP FUND 11 | 5,10,204 | 15.0000 | ALTERNATE INVESTMENT FUND (AIF) |
| ABU DHABI INVESTMENT AUTHORITY - WAY | 2,19,200 | 6.4445 | FOREIGN PORTFOLIO INVESTOR (FPI) (CORPORATE) |
| WHITEOAK CAPITAL FLEXI CAP FUND | 1,85,034 | 5.4400 | MUTUAL FUND (MF) |
The list includes a total of 29 allottees who were allotted more than 5% of the offered shares in the Issue.
MANORAMA Stock Price Movement
On Thursday, shares of Manorama Industries Limited rallied slightly in the closed market session, settling at ₹1585 after gaining 1.28% from the previous close. The equity saw considerable trading activity throughout the day, with a total volume of 157,161 shares recorded.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.