Archive · 26 Jul 2025
PC Jeweller Stock in Focus After Warrant Conversion, Share Allotment
PC Jeweller, a company that sells jewelry, is giving out new shares.
This is happening because people are turning their warrants, which are like a promise to buy shares later, into actual shares.
The company raised a lot of money this way, showing that important people are confident in the company's future.
The stock has gone up a lot in value over the past few years.
The stock is traded on two major stock exchanges in India.
This action follows a stock split in December of 2024.
PC Jeweller's board approved allotting 34.67 crore shares through a preferential route.
Shares were issued after converting warrants at Rs 42.15 each, raising Rs 146.17 crore.
Balram Garg (HUF) is the only promoter to receive warrants, with the rest going to non-promoters.
The stock has increased 70% in one year and 850% in five years.
The company's market cap is Rs 9,567 crore, and it trades on the NSE and BSE.
- Who
- The warrants were allotted to one promoter (Balram Garg - HUF) and eleven non-promoters.
- What
- PC Jeweller is allotting 34.67 crore shares after conversion of warrants.
- When
- The board approved the allotment, following a stock split in December 2024.
- Where
- The stock is traded on the NSE and BSE in India.
- Why
- The company is allotting shares to strengthen financials and fund expansion.
- Share Allotment
- 34.67 crore equity shares
- Warrant Conversion Price
- Rs 42.15 per share
- Capital Infusion
- Rs 146.17 crore
- 5-Year Growth
- 850%
- Market Cap
- Rs 9,567 crore
- 52-week low
- Rs 8.20
- 52-week high
- Rs 19.65