MAN Industries (India) Limited has successfully raised INR 255 crores of capital through a preferential issue of equity shares to non-promoter investors.

July 28, 2025

MAN Industries (India) Limited has announced the successful completion of INR 255 crores capital raise through a preferential issue of equity shares to non-promoter investors. 

The Preferential issue witnessed robust investor interest from a diverse group of marquee investors, underscoring strong confidence in the company’s vision, business strategy, execution capabilities and long-term value creation potential. The allotment comprised 77,74,383 fully paid equity shares (face value INR 5 each), priced at INR 328 per share — including a premium of INR 323 per share. 

The funds raised will be strategically deployed towards advance capital expenditure commitments associated with ongoing expansions in Jammu and Saudi Arabia, strengthen the balance sheet and bolster working capital for enhanced operational resilience, fuel the company’s domestic and global growth roadmap, backed by order-book momentum and execution capability. 

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Announcing the completion of the issue, Mr. Nikhil Mansukhani, Managing Director, said, “This capital infusion underscores strong investor confidence in MAN Industries’ long-term growth trajectory. It significantly enhances our financial foundation and accelerates our ability to execute a robust order pipeline. We remain committed to engineering excellence, sustainable scale-up, and long-term stakeholder value creation.”