Strategic Capital, Global Ambitions: MAN Industries Strengthens Growth Blueprint

MAN Industries Raises ₹255 Cr via Preferential Allotment to Fund Global Expansion

Steel pipe manufacturer MAN Industries (India) Ltd has raised ₹255 crore through a preferential allotment of 77.74 lakh equity shares at ₹328 each to prominent non-promoter institutional and strategic investors. Notable participants include Ashish Kacholia, Carnelian Asset Management, Ovata Capital, and Capri Global Holdings. The funds will be deployed towards expanding operations in Jammu and Saudi Arabia, boosting working capital, and strengthening the company’s balance sheet. This capital infusion marks a key step in MAN Industries’ global growth roadmap, with the company aiming to scale operations and tap rising infrastructure demand both domestically and abroad. “This successful raise reflects investor confidence in our strategy and enhances our ability to deliver sustainable value,” said Managing Director Nikhil Mansukhani. Preferential allotments offer a faster fundraising route, often at discounted prices. MAN Industries' stock closed at ₹455.80 on the NSE, up 5.8% post-announcement, indicating positive market sentiment toward the development.