Shares of Jupiter Wagons Limited surged more than 10% in trade after the company announced the conversion of promoter-held convertible warrants into equity shares, strengthening promoter ownership and reinforcing investor confidence.
The rally follows the company’s disclosure that its Fund Raising Committee, in a meeting held on December 19, 2025, approved the allotment of 28,72,340 fully paid-up equity shares pursuant to the conversion of an equal number of convertible warrants. These warrants were originally allotted on June 29, 2024, on a preferential basis to promoter entity Tatravagonka A.S..
At the time of the original allotment, the issue price was fixed at ₹470 per warrant, out of which 25% (₹117.50 per warrant) was received upfront as the initial subscription amount. The remaining 75% (₹352.50 per warrant) has now been paid, leading to the conversion of the warrants into equity shares with a face value of ₹10 each and a premium of ₹460 per share.
Following this allotment, Jupiter Wagons’ issued, subscribed, and paid-up equity share capital has increased from 42,44,98,049 shares to 42,73,70,389 shares, with the paid-up capital rising from ₹424.49 crore to ₹427.37 crore. Importantly, promoter and promoter group shareholding has inched up from 68.09% prior to the allotment to 68.31% post conversion.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
