Precision Wires India Limited has informed the Exchange regarding 'Issue of Securities '.
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Precision Wires India has allotted 13,83,000 equity shares at ₹151 per share (face value ₹1, premium ₹150) to non-promoter investors, raising about ₹20.88 crore. Separately, it allotted 27,67,000 fully convertible warrants at the same ₹151 price, which can be converted into equity shares, with 25% (₹10.44 crore) already received upfront and the balance due on conversion, potentially raising another ₹41.76 crore. All allotments were made to three non-promoter investors: Saraswati Commercial (India) Limited (largest), Sapientia Holdings LLP, and Trishakti Power Holding Private Limited. BSE and NSE in-principle approvals were received on 23rd July 2025, and the allotments follow board approval via circular resolution dated 29th July 2025.
Existing shareholders face equity dilution from the new shares and potential further dilution if the warrants are converted into equity. The capital raise strengthens the company's balance sheet and provides growth funding, though the preferential route means only select non-promoter investors are participating at this price.