Integrated Industries to raise ₹101.5 crore via convertible warrants

Integrated Industries Limited (IIL) is set to raise ₹101.5 crore by issuing 4,06,00,000 convertible warrants on a preferential basis, priced at ₹25 per share. This initiative aims to strengthen the capital expenditure (CAPEX) and working capital requirements of its subsidiaries. The fundraise reflects strong investor confidence, with notable participation from Choice Strategic Advisors LLP and Accufolio Risers LLP, each investing ₹25 crore for 1,00,00,000 warrants.

The proceeds will be strategically allocated to several key areas, including CAPEX for subsidiary-level capacity expansion, strengthening working capital to enhance operational efficiency, and increasing financial flexibility to pursue emerging opportunities.

Saurabh Goyal, managing director of Integrated Industries Limited, emphasized that strong participation from marquee investors and the promoter's commitment underscore deep confidence in the company's strategy. He stated that the ₹101.5 crore fundraise will significantly strengthen the subsidiaries' CAPEX and working capital needs, enabling scaling of operations, enhancing efficiencies, and pursuing new growth opportunities to create sustained value for all stakeholders.