MAN Industries Secures ₹255 Cr via Preferential Allotment to Institutional Investors

MAN Industries (India) Ltd has successfully raised ₹255 crore through a preferential allotment to select non-promoter institutional and strategic investors, highlighting strong market confidence in the company’s growth and execution plans.

The allotment included 77,74,383 fully paid equity shares of face value ₹5 each, issued at ₹328 per share (including a premium of ₹323). The offering drew participation from prominent investors such as Ashish Kacholia, Carnelian Asset Management, Ovata Capital (Hong Kong), Ashika Global Finance, Capri Global Holdings, and RBA & Finance Investment Co.

The funds will be used to support capital expenditure for ongoing expansions in Jammu and Saudi Arabia, strengthen the company’s balance sheet, enhance working capital, and drive domestic and international growth backed by a robust order book.

Nikhil Mansukhani, Managing Director of MAN Industries, said, “This successful capital raise from reputed investors is a strong endorsement of our growth strategy and operational strength. It enhances our ability to capitalize on infrastructure opportunities globally, while reinforcing our commitment to sustainable scale-up and stakeholder value creation.”