Manorama Industries shares in focus as board approves ₹500 crore fundraiser via QIPs

In a regulatory filing dated Thursday, the firm stated that it will raise the amount through issuance of QIPs or “any other permissible modes” in one or more tranches.

The company’s board approved “raising of funds through Qualified Institutions Placement(s) or through any other permissible modes by issuance of securities for an aggregate amount of up to ₹500 crore (Indian Rupees Five Hundred Crores only), in one or more tranches and/or by way of one or more issuances,” it said.

Furthermore, at the meeting, the board also approved a postal ballot notice to seek shareholder approval for the same. It added that it will send the post ballot notice via email lto all the members whose names appear in the register of members/list of beneficial owners as received from the depositories as on March 13, 2026.

Manorama Industries stock performance

Shares of Manorama Industries ended 0.88% lower at ₹1,325.40 per unit on the National Stock Exchange (NSE) on Thursday, March 12. However, the fundraiser was announced after the market closed.

The stock has lost 3% in the last week and more than 7% over the month. On a year-to-date basis, the scrip has declined by 0.3%.

While the share hit a 52-week high of ₹1,760 apiece on July 28, 2025, it touched a year’s low of ₹849.95 per equity share on April 7, 2025.

Q3 results

Manorama Industries posted an 113.1% year-on-year (YoY) surge in its consolidated net profit to ₹68.2 crore in the December quarter of the 2025-26 financial year (Q3 FY26).

In the corresponding period of the previous fiscal year, it had clocked a profit of ₹29.53 crore.

Its revenue from operations rose 73.3% YoY to ₹362.5 crore during the quarter under review, as against ₹209.2 crore in the third quarter of FY25.

Manorama Industries has a total market capitalisation of ₹7,932.88 crore, as of March 12, 2026, according to data on the NSE.