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

Qip At DiscountMarquee Qip InvestorFund Raising View source PDF

MANORAMA · price

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Price reaction · full curve 14 horizons · vs prior close

-0.5%1-day move

₹1581.80

prior close

₹1598.90

base price

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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.