Integrated Industries Ltd raises Rs. 101.5 Cr via warrants at Rs. 25 per share, strengthening its growth and expansion plans
VMPL
New Delhi [India], December 8: Integrated Industries Limited (BSE: 531889), is pleased to announce the proposed issuance of 4,06,00,000 Warrants on a preferential basis to both promoter and non-promoter investors.
Each warrant is priced at ₹25 per share, resulting in a total potential fund infusion of ₹101.5 crore upon full conversion.
Participation from Notable Investors
- Choice Strategic Advisors LLP - Investing ₹25 Crore (Subscribing to 1,00,00,000 warrants)
- Accufolio Risers LLP - Investing ₹25 Crore (Subscribing to 1,00,00,000 warrants)
Their involvement reflects a strong belief in the Company's potential and long-term growth pathway.
The ₹101.5 crore fundraise at ₹25 per share will be utilised for:
- CAPEX for subsidiary-level capacity expansion
- Strengthening working capital to enhance operational efficiency of subsidiaries
- Enhancing financial flexibility to pursue emerging opportunities
Management Perspective
Commenting on the results, Mr. Saurabh Goyal, Managing Director of Integrated Industries Limited, said: "The strong participation from marquee investors, along with the Promoter committing to nearly half of the total warrants, reflects deep confidence in our strategy. The ₹101.5 crore fund raise will significantly strengthen our subsidiaries - CAPEX and working capital needs, enabling us to scale up the operations, enhance efficiencies, and pursue new growth opportunities. This positions us well to create sustained value for all stakeholders."
Incorporated in 1995, Integrated Industries Limited (IIL) a company engaged in the manufacturing of organic and inorganic food products and bakery items through its subsidiaries. With a strong legacy in the FMCG sector, IIL has progressively expanded its footprint through its subsidiaries into high-growth food categories, with a continued focus on quality, innovation, and scale.
Nurture Well Foods Ltd.
Established in 2023, Nurture Well Foods Ltd. manufactures premium biscuits and cookies for domestic and international markets under the brands RICHLITE, FUNTREAT, and CRAZY CRUNCH.
Disclaimer
This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
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(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)
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