Nibe Limited’s Board has approved a preferential allotment of equity shares and convertible warrants worth ₹249.85 crore. The issuance will fund future expansion and strengthen the company’s capital position. Promoters and institutional investors, including Eminence Global Fund and Venus Investments, will participate subject to shareholder and regulatory approvals.
Nibe Limited announced that its Board of Directors, in a meeting held on Tuesday, December 23, 2025, approved a proposal to raise up to ₹249.84 crore through the issuance of equity shares and fully convertible equity warrants on a preferential basis.
Under the approved structure, the company will issue up to 4.4 lakh equity shares and 15.62 lakh convertible warrants, each carrying a face value of ₹10 and priced at ₹1,248 per security, including a premium of ₹1,238. This move aligns with Nibe’s efforts to bolster its capital base and pursue future growth opportunities.
Upon full conversion, Nibe’s paid-up equity capital will rise from ₹14.50 crore to ₹16.50 crore. The preferential issue is subject to shareholder consent and regulatory approvals under SEBI (ICDR) Regulations.
Key Highlights / Major Takeaways:
-
Total fundraise: ₹249.84 crore through preferential allotment for cash consideration.
-
Equity issuance details:
-
4,40,000 equity shares worth ₹54.91 crore.
-
15,62,000 equity warrants worth ₹194.93 crore.
-
Issue price: ₹1,248 per share/warrant.
-
Prominent investors:
-
Nibe Ganesh Ramesh (Promoter) – ₹124.99 crore.
-
Eminence Global Fund PCC – ₹69.95 crore.
-
Venus Investments VCC – ₹28.95 crore.
-
North Star Opportunities Fund VCC – ₹25.96 crore.
-
Conversion timeline: Warrants are convertible within 18 months; unexercised warrants will lapse.
-
Capital impact: Post-conversion, equity capital to increase by ₹2 crore approximately.
Sources: NSE Corporate Filings | BSE Corporate Announcements (Nibe Limited, dated December 23, 2025