Precision Wires India Completes Preferential Allotment, Raises ₹31.32 Crore Immediately
The capital raise of over ₹31 crore immediately, with potential for further funds upon warrant conversion, represents a substantial financial infusion for the company, impacting its balance sheet and strategic capabilities significantly.
The successful preferential allotment of equity shares and convertible warrants will raise significant capital, strengthening the company's financial position and providing funds for future growth or operations.
Precision Wires India Limited's Board of Directors, through a circular resolution passed on 29th July, 2025, approved the allotment of equity shares and convertible warrants on a preferential basis to non-promoter investors. * The company allotted 13,83,000 fully paid-up equity shares of face value ₹1/- each, at a price of ₹151/- per share (including a premium of ₹146/-). This aggregates to ₹20,88,33,000/- (approximately ₹20.88 crore). * Additionally, 27,67,000 fully convertible warrants were allotted at a price of ₹151/- per warrant. The aggregate consideration for these warrants is ₹41,76,17,000/- (approximately ₹41.76 crore), of which 25% (₹10,44,04,250/- or approximately ₹10.44 crore) was received upfront at the time of allotment. * The total immediate funds raised through this preferential issue, including equity shares and the upfront payment for warrants, amounts to ₹31,32,37,250/- (approximately ₹31.32 crore). * The allotments were made in compliance with the provisions of Chapter V of the SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013. The company had already received in-principle approvals from BSE Limited and NSE on 23rd July, 2025.
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Precision Wires India Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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