Shares of Nibe Limited moved higher in early trade, rising over 3%, after the company informed exchanges that its board has approved a fund-raising proposal of up to ₹249.85 crore through a preferential issue. As of 9:32 AM, the shares were trading 2.42% higher at Rs 1,152.00.
In a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nibe Limited said its Board of Directors, in a meeting held on December 23, 2025, approved raising funds via the issuance of equity shares and equity warrants on a preferential basis, subject to shareholder and statutory approvals.
As per the approved plan, the company will issue up to 4.40 lakh equity shares of face value ₹10 each at an issue price of ₹1,248 per share, including a premium of ₹1,238. This tranche is expected to raise around ₹54.91 crore. In addition, Nibe plans to issue up to 15.62 lakh equity warrants, each convertible into one equity share at the same issue price of ₹1,248 per warrant. The warrant issuance will contribute approximately ₹194.94 crore, taking the total fund-raise to about ₹249.85 crore.
The preferential issue will be carried out for cash consideration in accordance with Chapter V of the SEBI ICDR Regulations. The issue price has been determined as per Regulation 164 of the SEBI ICDR Regulations, with December 23, 2025, fixed as the relevant date for pricing.
According to the disclosure, the equity shares allotted under the proposed issue will rank pari passu with the existing equity shares of the company. Upon conversion of the equity warrants, the resultant equity shares will also rank pari passu with existing shares, subject to receipt of required approvals. The warrants can be exercised in one or more tranches within 18 months from the date of allotment, failing which the conversion right will lapse and the upfront amount paid will be forfeited.
Following the allotment of equity shares and the conversion of warrants, the company’s paid-up equity share capital is expected to increase from ₹14.50 crore to ₹16.50 crore. The preferential issue involves four proposed investors, as detailed by the company in its annexure to the exchange filing.
