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Awaiting price reaction for this filing.
Purple Finance Ltd's Board, at its meeting on 6 February 2026, approved raising ₹69.30 crore by issuing 1.26 crore equity warrants at ₹55 per warrant, subject to regulatory approvals. Some investors have also triggered an open offer in connection with the issue. The company highlighted its phased capital raising track record since its June 2024 listing: ₹44 crore in October 2024, ₹40 crore via Rights Issue in June 2025, ₹39 crore via warrants in December 2025, and now ₹69 crore. As of January 2026, it operates 45 branches with AUM of about ₹210 crore, around 430 employees, 3,800+ equity shareholders and 4,000+ NCD holders, with focus on SME and retail lending.
The fresh warrant issue is likely to dilute existing shareholders on conversion, and the triggered open offer gives them a chance to exit at a set price. However, the repeated capital raises point to strong investor confidence and support the company's branch and loan book expansion plans.