PC Jeweller lists 35.18 crore new shares from warrant conversion at Rs 5.62
PC Jeweller will list 35,18,36,870 new equity shares on BSE from 29 June 2026, issued at Rs 5.62 (Re 1 face value plus Rs 4.62 premium) via warrant conversion to promoter and non-promoter entities. Lock-ins stagger to Dec 2026 and Dec 2027, expanding the float and signalling fresh capital infusion into the jewellery retailer.
What happened
PC Jeweller to list 35.18 crore new equity shares from 29 June 2026 on BSE, issued at Rs. 5.62 to promoter and non-promoter entities via warrant conversion,
Key facts
- 35,18,36,870 shares
- Re. 1 face value
- Rs. 4.62 premium
- Rs. 5.62 issue price
- 94,900,000 locked till 29/12/2027
- 256,936,870 locked till 29/12/2026
Why this matters
Warrant conversion at Rs 5.62 cleans up the balance sheet and signals promoter commitment, opening a window to renegotiate lender terms and explore inorganic store or brand tuck-ins while equity currency is being rebuilt.
What to watch
- 29 Jun 2026 listing day volume and price vs Rs 5.62
- Dec 2026 lock-in expiry: tranche size unlocking
- Dec 2027 second lock-in expiry
- Q1FY27 results: debt reduction, inventory turns, festive demand commentary
- Any follow-on QIP, preferential issue, or promoter pledge filings
- Bulk/block deal screens for non-promoter allottees post lock-in
- Map post-listing shareholding: promoter % change, non-promoter allottee identities, pledge status
- Model EPS and book value dilution from 35.18cr share expansion
- Track use-of-proceeds disclosure: debt repayment vs inventory vs capex
- Benchmark Rs 5.62 issue price vs CMP to gauge implied discount and arbitrage flows