Manaksia Coated Metals announces QIP issue approval and floor price ₹127.01
Manaksia Coated Metals & Industries Ltd · Industrial Products
What the filing says
- Board approved opening of Qualified Institutions Placement (QIP) on October 29, 2026
- Floor price set at ₹127.01 per equity share, with up to 5% discount possible
- Preliminary Placement Document to be filed with BSE and NSE on October 29, 2026; trading window closed for designated persons from Oct 29 until 48 hours after issue price determination
Why it's rated notable: The Board opened a qualified institutions placement and approved a floor price of ₹127.01 per share, but the filing states no issue size, and allotment is still pending bids, so the event is not yet binding and no amount can be sized.
Original filing
Board Meeting Outcome for Outcome Of The Meeting Of Board Held On October 29, 2026
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.