11.99 million shares allotted at a 1.58 percent discount
MANAKCOAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The company allotted 11,999,847 equity shares at INR 125 each through a qualified institutional placement, 1.58% below the INR 127.01 floor price. The issue raised INR 149.998 crore and increased paid-up shares from 106.634 million to 118.634 million.
The new shares equal about 10.1% of enlarged capital, diluting existing holders. The INR 150 crore raise may aid growth, but can pressure the stock near term.