Wheels India Capital Structure Change
Wheels India Limited closed its QIP, allocating 11,97,318 equity shares at Rs. 2088 per share. This placement raises Rs. 249.99 Crore in capital.
- Value
- ₹250.0 Cr
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Wheels India Limited closed its QIP, allocating 11,97,318 equity shares at Rs. 2088 per share. This placement raises Rs. 249.99 Crore in capital.
Wheels India Limited approved a floor price of ₹2,197.10 per share and opened its Qualified Institutions Placement to raise capital from institutional investors.
Promoter TSF Investments acquired 10,26,694 Wheels India shares via preferential allotment. Promoter stake increased from 25.01% to 27.81%.
Wheels India Limited allotted 12,32,031 equity shares at Rs. 1461 per share via a preferential issue, raising Rs. 179.9997 Crore.
Wheels India Limited held its Extraordinary General Meeting on September 17, 2026. Shareholders discussed preferential equity issuance and enhancement of fund-raising limits.
Wheels India told NSE there is no undisclosed or price-sensitive information behind the observed price spurt. The company reaffirmed its compliance with SEBI LODR disclosure requirements.
Wheels India reported strong Q1 FY27 growth with revenue at ₹1,491 Cr and PAT at ₹39 Cr, driven by automotive segment expansion and margin improvement to 7.8% EBITDA.
Wheels India Ltd reported revenue from operations of ₹1,380 Cr (+16.7% YoY) and net profit of ₹37 Cr (+40.2% YoY) for Q1 FY27.
Wheels India Ltd reported revenue from operations of ₹1,491 Cr (+17.8% YoY) and net profit of ₹38.9 Cr (+27.1% YoY) for Q1 FY27.
Wheels India achieved record FY26 revenue of ₹5,124cr with 16% growth. Strategy focuses on high-margin exports and industrial components like windmills and hydraulic cylinders.
Wheels India Ltd reported revenue from operations of ₹1,564 Cr (+22.5% YoY) and net profit of ₹58.8 Cr (+52.7% YoY) for Q4 FY26.