Companies
Manaksia Coated Metals raised ₹150 crore through QIP
Reported by: BusinessLine ·
Summary
BusinessLine reported that Manaksia Coated Metals raised ₹150 crore through a QIP. The outlet said Cumulative Capital acted as the sole book running lead manager to the issue. A QIP, or qualified institutions placement, is a way for a listed company to sell new shares to large institutional buyers such as mutual funds and insurers, usually at a price close to the market price, without a full public offer. A book running lead manager is the firm that runs the share sale, finds the buyers and handles the paperwork. The report gives the amount raised and the manager's name, but not the price per share, the number of shares issued or the date of the issue.
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BusinessLine · · Tone 0
Manaksia Coated Metals raised ₹150 crore through QIP
Cumulative Capital acted as the sole book running lead manager to the issue
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