Cool Caps Industries Limited, Eastern India’s leading plastic cap and beverage packaging manufacturer, has announced a ₹279.97 crore rights issue to fuel its next phase of growth and facilitate migration to the NSE main board.
The rights issue opens on September 30, 2025 and closes on October 24, 2025. Existing shareholders will be entitled to 1 rights share for every 1 fully paid-up equity share held as on the record date of September 23, 2025.
The issue will comprise 3,99,95,000 fully paid-up equity shares of face value ₹2 each, priced at ₹70 per share. Applicants will pay ₹17.5 per share on application, with the balance ₹52.5 payable later as per board notification. The last date for on-market renunciation is October 16, 2025. The capital raised will be used to strengthen the company’s financials, support business expansion, and help meet the NSE main board migration criteria.
Cool Caps reported a revenue of ₹271.85 crore in FY25, a 69% increase from ₹161.03 crore in FY24. Net profit also surged to ₹11.97 crore from ₹3.93 crore in the previous fiscal, reflecting a three-fold rise. The company attributes this growth to increased capacity, customer base expansion, and operational efficiency across its manufacturing units.
Founded in 2015, Cool Caps has grown from 2 to 7 production units across 4 states, with an upcoming facility in Odisha. The company manufactures plastic caps, PET preforms, closures, bottles, handles, shrink films, and food-grade rPET flakes. It was listed on NSE Emerge in 2022 with an IPO that was oversubscribed 7.5 times. With this rights issue, the company aims to expand its scale and move towards greater financial stability and value creation.
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The record date for determining eligible shareholders was September 23, 2025. Shareholders can subscribe in the ratio of 1:1. The rights issue will be open for subscription between September 30, 2025 and October 24, 2025. The issue is priced attractively, offering existing investors an opportunity to participate in the company’s long-term growth strategy.
On September 26, 2025, Cool Caps Industries share price opened at ₹90.35 on NSE, above the previous close of ₹92.40. During the day, it surged to ₹90.50 and dipped to ₹90.35. The stock is trading at ₹90.50 as of 9:29 AM. The stock registered a significant decline of 2.06%.
Over the past week, it has moved up by 6.02%, over the past month, it has moved up by 10.26%, and over the past 3 months, it has declined by 88.51%.
Cool Caps Industries’ ₹279.97 crore rights issue reflects its ambition to scale operations, strengthen financials, and transition to the main board. Backed by robust FY25 results and a growing presence in the beverage packaging sector, the company is poised to enhance shareholder value and explore new business opportunities across India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Sep 26, 2025, 11:21 AM IST
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