THIS multibagger jewellery stock to be in focus on Friday; here's why
PC Jewellers share price: PC Jeweller's share price will be in focus during Friday's market session after the jeweller announced on Thursday, May 29, that it has allotted 30.84 lakh fully convertible warrants into equity shares. The small-cap stock has delivered massive 1,100 per cent multibagger returns to investors in the last five years. The stock has gained over 171 per cent in a year.
PC Jeweller Ltd has announced the conversion of 30.84 lakh fully convertible warrants into equity shares, resulting in the allotment of 3,08,42,400 equity shares of face value Re 1 each to a promoter group entity. This move has increased the paid-up equity share capital from ₹ 654.45 crore to ₹ 657.54 crore.
The warrant conversion is part of the company's larger preferential allotment of 48.08 crore warrants approved earlier for both promoter and non-promoter groups. The promoter group's stake increased from 39.80 per cent to 40.08 per cent, while the public shareholding marginally declined from 60.20 per cent to 59.92 per cent.
'The Board of Directors of the company vide a resolution passed by circulation on May 29, 2025 has allotted 3,08,42,400 equity shares of face value of Re 1 each, on conversion of 30,84,240 warrants, to 1 allottee belonging to 'Promoter Group', after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the company from 1 equity share of ₹ 10 each to 10 equity shares of Re 1 each w.e.f. December 16, 2024, upon receipt of the balance amount aggregating to ₹ 13,00,00,716 at the rate of ₹ 42.15 per warrant (being 75 per cent of the issue price per warrant) pursuant to the exercise of their rights of conversion of warrants into equity shares in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018,' said PC Jewellers.
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