NIBE Limited Corrects Fundraising Details: Issue Price Revised to ₹1,258/Security
NIBE Limited has issued a corrigendum regarding its board meeting outcome dated December 23, 2025, concerning a proposal for fundraising through the issuance of Equity Shares and Equity Warrants. The ...
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Why is NIBE Limited in the news today?
NIBE Limited (NIBE) is in the news due to the announcement is a correction of a typographical error and does not introduce new positive or negative financial information. the core fundraising plan remains the same.
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NIBE Limited Corrects Fundraising Details: Issue Price Revised to ₹1,258/Security
December 24, 2025, 03:35 PM
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NIBE Limited has issued a corrigendum regarding its board meeting outcome dated December 23, 2025, concerning a proposal for fundraising through the issuance of Equity Shares and Equity Warrants. The company has rectified a typographical error in the issue price, which was inadvertently mentioned as ₹1,248/- per security instead of the correct ₹1,258/- per security.
This correction in the issue price has also led to a revised total issue size. The original calculation was ₹249.85 crore, which has now been corrected to ₹251.85 crore (₹251,85,16,000). All other disclosures and information provided in the earlier outcome remain unchanged.
The fundraising will be conducted via Preferential Allotment. The company plans to issue up to 4,40,000 Equity Shares at ₹1,258 each, aggregating to ₹55.35 crore, and up to 15,62,000 Equity Warrants at ₹1,258 each, aggregating to ₹196.50 crore. The Equity Warrants are convertible into Equity Shares within 18 months from the date of allotment.
Key investors include GANESH RAMESH NIBE (Promoter) subscribing to 10,01,500 Equity Warrants for ₹125.99 crore. EMINENCE GLOBAL FUND PCC – EUBILIA CAPITAL PARTNERS FUND I and VENUS INVESTMENTS VCC – VENUS STELLAR FUND are also listed as allottees for Equity Warrants and Equity Shares, respectively.
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