Man Infraconstruction Multibagger Stock Investments

Man Infraconstruction Multibagger Stock Investments

VoM News Desk | January 24, 2024 | 03:07 PM IST | Breaking News | Follow on Google News

Man Infraconstruction Multibagger Stock Investments

Man Infraconstruction Multibagger Stock Investments

• Man Infraconstruction shares have surged by 200% in the last year, making it one of the multibagger stocks in the Indian market.
• DIIs (Domestic Institutional Investors) and FIIs (Foreign Institutional Investors) are showing confidence in the stock, expecting the rally to continue.
• Via the preferential route, Quant Mutual Fund, Forbes EMF, Minerva Ventures Fund, Coeus Global Opportunities Fund, Aries Opportunities Fund, etc., have invested in Man Infraconstruction.
• The share allotment committee of Man Infraconstruction Ltd has allotted shares at an issue price of ₹155 apiece.

Details of Investments:

1. Quant Mutual Fund:

• Allotted 16 lakh company shares at an investment of ₹6,78,12,500.
• Holds a total of 60.30 lakh company shares, representing 1.62% of the total paid-up capital.
• After the recent allotment, Quant Mutual Fund’s shareholding increased by 0.43% to 2.05%.

1. FIIs (Foreign Institutional Investors):

• Minerva Ventures Fund:
  • Allotted 12.50 lakh company shares at an investment of ₹4,84,37,500.
• Forbes EMF:
  • Allotted 14.70 lakh company shares, with an investment of ₹5,69,62,500.
• Coeus Global Opportunities Fund:
  • Allotted 12.50 lakh company shares, with an investment of ₹4,84,37,500.

These investments through the preferential route suggest continued confidence from both domestic and foreign institutional investors in the growth potential of Man Infraconstruction.

VoM News Desk

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