NIBE Limited has informed the Exchange regarding allotment of 440000 equity shares vide Circular Resolution approved by the Board of Directors on March 05, 2026
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NIBE Limited has allotted 4,40,000 equity shares at Rs. 1,258 per share (total ~Rs. 55.35 crore) and 15,62,000 convertible warrants at Rs. 1,258 each (~Rs. 49.12 crore received upfront as 25% subscription amount) on a preferential basis. The equity shares were allotted to two foreign funds — Venus Investments VCC – Venus Stellar Fund (2,32,000 shares) and North Star Opportunities Fund – Bull Value Incorporated VCC Sub-Fund (2,08,000 shares). The warrants were allotted to promoter Ganesh Ramesh Nibe (10,01,500 warrants) and Eminence Global Fund PCC – Eubilia Capital Partners Fund I (5,60,500 warrants), with the balance 75% payable within 18 months upon conversion. The paid-up equity capital has increased from Rs. 14.50 crore to Rs. 14.94 crore.
Total capital infusion (upfront + potential warrant conversion) is about Rs. 152 crore, but only ~Rs. 104 crore has been received now. Shareholders will see equity dilution of roughly 3% from the share allotment, with additional dilution possible if warrants are fully converted. The promoter's participation signals confidence in the company's prospects.