Manorama Industries raises Rs 500 Cr via QIP at 4.99 percent discount to floor price

QIP at a discountFund Raising View source PDF Explain this filing

MANORAMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹1581.80

prior close

₹1598.90

announcement price

After-mkt

timing

Nifty Microcap 250market-0.3%-0.8% vs market

Other Food Products peers, median of 25sector-0.2%-1.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.0

10m

-1.9

15m

-2.1

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.3-0.8-0.2-1.0

Next day

-0.5-0.1-0.3-0.6+0.1

-3.7-0.8-2.8-0.8-2.9

-4.1-2.8-1.3-3.0-1.1

-0.3-1.0+0.7-2.5+2.2

+1.3+0.4+0.9-2.4+3.7

-0.4-0.5+0.1-2.5+2.2

15d

+0.0-1.9+1.9-1.2+1.2

+3.3+0.4+2.9-2.3+5.6

+24.5+3.5+21.1+1.8+22.8

+23.0+2.0+21.0-9.3+32.4

UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Manorama Industries allotted 34,01,360 equity shares at Rs 1,470 each through a Qualified Institutions Placement, raising about Rs 500 Crores. The issue was priced at a 4.99 percent discount to the floor price. Marquee investors including Abu Dhabi Investment Authority, Goldman Sachs, Morgan Stanley, Citigroup and ValueQuest funds participated. Paid-up capital rose from Rs 11.94 Crore to Rs 12.62 Crore.

Likely market impact

Stock may see short-term dilution pressure, but strong demand from marquee global investors signals confidence in the growth story.