PC Jeweller Allots ₹573.76 Crore Shares to Unico Global, Public Holding Rises to 61.44%

PC Jeweller announced that its Board has approved the allotment of 13.61 crore equity shares (face value ₹1 each) to 3 non-promoter investors, including Mauritius-based Unico Global Opportunities Fund. The allotment brought in ₹573.76 crore and boosted the company’s paid-up share capital from ₹693.19 crore to ₹706.80 crore.

Conversion of Warrants

The shares were issued after converting 1.36 crore fully convertible warrants that were allotted earlier through a preferential issue. The conversion price was ₹42.15 per share, and 75% of the issue price was payable at the time of conversion. The pricing and share count were adjusted after the December 2024 stock split, where each ₹10 share was split into 10 shares of ₹1 each.

Detailed Allotment Breakdown

• Unico Global Opportunities Fund converted 1.18 crore warrants into 11.86 crore shares, contributing ₹50.00 crore.
• Intellexs Investments Solutions Pvt Ltd converted all 15.5 lakh warrants into 1.55 crore shares, bringing in ₹6.53 crore.
• Maheshkumar Gupta converted 2 lakh warrants into 20 lakh shares, contributing ₹0.84 crore.

Impact on Shareholding

After this allotment, PC Jeweller’s total equity shares increased to 706.80 crore. Public shareholding rose to 61.44% from 60.68%, while promoter holding slightly fell to 38.56% from 39.32%. This change improves liquidity and may encourage more institutional participation.

Investor Confidence and Financial Strength

The participation of Unico Global Opportunities Fund, a foreign institutional investor, highlights investor confidence in PC Jeweller’s growth prospects. The fresh capital also strengthens the company’s financial flexibility and supports its long-term expansion plans.

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PC Jewellers Share Price Performance

PC Jeweller share price (NSE: PCJEWELLER) is currently trading at ₹13.27 per share, down 0.38% as of September 10, 9:34 AM IST. The stock opened at ₹13.40, touched a high of ₹13.49, and fell to a low of ₹13.20 during the session. The company’s market capitalisation stands at ₹9,210 crore, with a P/E ratio of 16.50. PC Jeweller does not offer a dividend yield at present. Over the past 52 weeks, the stock has traded between a high of ₹19.65 and a low of ₹10.28.

Conclusion

PC Jeweller’s recent allotment not only brings in fresh funds but also improves its shareholder structure by increasing public holding. With institutional support and multibagger past performance, the company looks well-positioned for future growth.

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