Manorama Industries promoters hold 51.38% stake as on July 04, 2026

0 min read     Updated on 08 Jul 2026, 06:13 AM
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AI Summary

Promoters of Manorama Industries Limited hold 51.38% of the total issued capital, amounting to 3,24,35,406 equity shares as on July 04, 2026. The disclosure was filed under SEBI Takeover Regulations, confirming no encumbrance of shares since April 01, 2026.

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Promoters of Manorama Industries Limited , along with members of the promoter group and persons acting in concert, hold 51.38% of the company's total issued capital as on July 04, 2026. The disclosure was made to BSE Limited and National Stock Exchange of India Limited under Regulation 31(4) and (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The total promoter and promoter group shareholding stands at 3,24,35,406 equity shares. Ashish Ramesh Saraf, the Promoter, Chairman, and Managing Director, confirmed that no shares have been encumbered directly or indirectly from April 01, 2026 to the date of the disclosure.

Shareholding Breakdown

The following table details the individual holdings of the promoters and members of the promoter group:

NAME OF PROMOTER/MEMBER OF PROMOTER GROUP NUMBER OF SHARES
Ashish Ramesh Saraf 2,75,68,720
Vinita Ashish Saraf 45,67,292
Agastya Saraf 1,48,697
Shrey Ashish Saraf 1,48,697
Bidyadevi Agarwal 2,000

The filing was submitted on behalf of the promoters, members of the promoter group, and persons acting in concert of Manorama Industries Limited.

Historical Stock Returns for Manorama Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+1.49%+4.15%+4.02%+24.56%+10.93%+693.15%

Does the current 51.38% promoter holding suggest potential plans for further consolidation or delisting in the future?

How might the high promoter confidence, indicated by zero encumbered shares, influence institutional investor sentiment?

Are there any anticipated strategic capital expenditures or acquisitions that might require the promoters to maintain this liquidity?

Manorama Industries raises ₹500 Cr via QIP at ₹1,470 per share

1 min read     Updated on 03 Jul 2026, 04:12 PM
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Manorama Industries Limited has raised ₹500 Crores through a Qualified Institutions Placement (QIP) by allotting 34,01,360 equity shares at ₹1,470 per share, a 4.99% discount to the floor price. The Board approved the allotment on July 02, 2026, increasing the paid-up capital to ₹12,62,19,780. Major investors included VQ Fastercap Fund and Valuequest India Inflexion Fund.

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Manorama Industries Limited has successfully raised ₹50,000 Lakhs (₹500 Crores) through the allotment of 34,01,360 equity shares at a price of ₹1,470 per share. The Qualified Institutions Placement (QIP), which opened on June 29, 2026, and closed on July 02, 2026, was approved by the Board of Directors at its meeting held on July 02, 2026. The issue price includes a premium of ₹1,468 per equity share over the face value of ₹2, representing a discount of 4.99% to the floor price of ₹1,547.18.

The allotment has increased the company's paid-up equity share capital from ₹11,94,17,060 to ₹12,62,19,780. The issue was conducted under Chapter VI of the SEBI ICDR Regulations, 2018, and relevant sections of the Companies Act, 2013. Deepak Sharma, Company Secretary and Compliance Officer, confirmed the finalization of the allotment.

Issue Details

The key parameters of the QIP are outlined below:

Parameter Details
Shares Allotted 34,01,360 equity shares
Issue Price ₹1,470 per equity share
Floor Price ₹1,547.18 per equity share
Discount 4.99% (₹77.18 per share)
Premium ₹1,468 per equity share
Face Value ₹2 per share
Total Amount ₹50,000 Lakhs (₹500 Crores)

Major Allottees

The placement saw participation from various institutional investors. The list of allottees receiving more than 5% of the equity shares offered includes:

Allottee Shares Allotted % of Issue
VQ Fastercap Fund 6,80,272 20.00%
Valuequest India Inflexion Fund 5,10,204 15.00%
VQ Fastercap Fund II 5,10,204 15.00%
Abu Dhabi Investment Authority - WAY 2,19,200 6.44%
Whiteoak Capital Flexi Cap Fund 1,85,034 5.44%

Regulatory Compliance

The QIP was conducted in accordance with Chapter VI of the SEBI ICDR Regulations, 2018, and Sections 23(1)(b), 42, and 62(1)(c) of the Companies Act, 2013. The floor price was determined in accordance with Regulation 176(1) of the SEBI ICDR Regulations. The company has filed the necessary intimation with the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for dealing in the company's securities for all insiders remains closed.

Historical Stock Returns for Manorama Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+1.49%+4.15%+4.02%+24.56%+10.93%+693.15%

How does Manorama Industries plan to utilize the ₹500 Crores raised to drive future growth?

What impact will the 4.99% discount to the floor price have on existing shareholder sentiment?

Will the increased equity capital lead to any significant changes in the company's dividend policy?

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