Manaksia Coated Metals Industries Opens QIP At Rs127.01 Floor Price

Board approved opening of QIP on Oct 29, 2026, fixing relevant date Oct 29 and floor price at Rs127.01 per share with up to 5% discount; adopted preliminary placement document. First QIP after warrant-led deleveraging; shifts to institutional equity mid-expansion as borrowings and working capital stretched ahead of coating-line and solar commissioning. Issue size, share count, final discount, use of proceeds and timeline not disclosed; dilution, leverage impact and shareholder overhang hinge on pricing and subscription.