NIBE corrects equity issuance price and total issue size

NIBE Limited announced a correction to the outcome of its board meeting held on December 23, 2025. The company initially reported an issue price of ₹1,248 per security, which has now been corrected to ₹1,258 per security due to a typographical error. This correction impacts the total issue size, which was initially calculated at ₹249,84,96,000 and is now revised to ₹251,85,16,000.

The corrigendum clarifies that the fund-raising proposal involves a preferential allotment of both equity shares and equity warrants. This includes 440,000 equity shares at an issue price of ₹1,258 each, aggregating to ₹55,35,20,000, and 1,562,000 equity warrants also at ₹1,258 each, totaling ₹196,49,96,000. Each warrant is convertible into one equity share.

Upon the allotment of equity shares and the conversion of warrants, NIBE's paid-up equity share capital is projected to increase from ₹14,50,12,730 to ₹16,50,32,730. The warrants can be exercised in one or more tranches within 18 months from the allotment date.