Jewellery Sector Stock-PC Jeweller Allots 6,85,50,000 Equity Shares on Conversion of Fully Convertible Warrants
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock is up by 25 per cent from its 52-week low of Rs 8.66 per share and has given multibagger returns of 325 per cent in 5 years.
PC Jeweller Ltd has allotted 6,85,50,000 equity shares of Re 1 each following the conversion of 68,55,000 warrants held by six allottees in the 'Non-Promoter, Public Category'. This conversion follows the receipt of the remaining 75 per cent payment, totalling approximately Rs 28.89 crore. The number of shares issued reflects adjustments made after the stock split on December 16, 2024, which subdivided the face value of shares from Rs 10 to Re 1. These new shares will rank pari-passu with the company's existing equity.
As a result of this allotment, the company's paid-up equity share capital has increased from Rs 732,84,94,855 to Rs 739,70,44,855. This change shifts the shareholding structure slightly, with the Public category's stake increasing from 62.81 per cent to 63.15 per cent, while the Promoter and Promoter Group’s holding has adjusted from 37.19 per cent to 36.85 per cent. All adjustments to the issue price and share count were conducted in compliance with SEBI’s Issue of Capital and Disclosure Requirements.
About the Company
PC Jeweller Ltd is an Indian company that designs, manufactures, sells and trades gold, platinum, diamond and silver jewellery. They operate across India with multiple brands, including Azva, Swarn Dharohar and LoveGold and even created commemorative medallions for the Cricket World Cup.
The company is making rapid progress toward its strategic goal of becoming debt-free by the end of FY 2026. Since executing a settlement agreement in September 2024, the firm has reduced its outstanding Bank debt by approximately 68 per cent, supported by strong operational cash flows and a recent Rs 500 crore preferential allotment. This financial discipline is reflected in its stellar H1 performance, where EBITDA surged 109 per cent to Rs 456 crore, while Q2 domestic revenues jumped 63 per cent to reach Rs 825 crore.
Looking ahead, a key growth driver is the company's new partnership with the Government of Uttar Pradesh under the CM-YUVA initiative. By becoming an approved Franchise Brand on the CM-YUVA portal, the company aims to establish 1,000 retail units across rural and semi-urban areas. This collaboration is designed to scale the brand's footprint and foster local entrepreneurship, positioning the company for consistent value delivery and strategic expansion in the upcoming quarters.
The company has a market cap of over Rs 7,900 crore. As of September 2025, State Bank of India (SBI) holds a 2.44 per cent stake and the Union Bank of India owns a 1.15 per cent stake in the company. The stock is up by 25 per cent from its 52-week low of Rs 8.66 per share and has given multibagger returns of 325 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.