NIBE Limited has informed the Exchange regarding allotment of 15,62,000 Convertible Warrants vide Circular Resolution approved by the Board of Directors on March 05, 2026
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NIBE Limited, on March 5, 2026, allotted 15,62,000 convertible warrants and 4,40,000 equity shares to specific allottees on a preferential basis, following board and shareholder approvals from late 2025 and stock exchange in-principle approvals in February 2026. Both the warrants and shares were priced at Rs. 1,258 each, which includes a premium of Rs. 1,248 over the face value of Rs. 10. For the warrants, the company received Rs. 49.12 crore as upfront payment (25% of the issue price), with the remaining Rs. 943.50 per warrant due within 18 months on conversion into shares. For the equity shares, the full Rs. 55.35 crore has been received. Allottees include promoter Ganesh Ramesh Nibe (10,01,500 warrants) and three foreign funds — Eminence Global Fund PCC (Eubilia Capital Partners Fund I), Venus Investments VCC (Venus Stellar Fund), and North Star Opportunities Fund VCC (Bull Value Incorporated VCC Sub-Fund). Following this allotment, the company's paid-up equity capital has risen from Rs. 14.50 crore to Rs. 14.94 crore.
The company is set to receive up to Rs. 104.47 crore immediately, with another Rs. 147.36 crore potentially flowing in over the next 18 months when warrants are converted — a meaningful capital boost. Promoter participation signals insider confidence, but eventual conversion of warrants and the equity dilution from new shares could weigh on the stock in the near term.