Cool Caps Industries announces US$31.55M rights issue to fuel growth and mainboard migration

INDIA – Beverage packaging manufacturer Cool Caps Industries Ltd (CCIL) has announced plans to raise ₹279.97 crore (US$31.55 million) through a rights issue to strengthen its financial position and support its migration from the SME platform to the NSE mainboard.

The Kolkata-based company has fixed the issue price at ₹70 per share, with the subscription window set to open on September 30, 2025, and close on October 24, 2025, according to an official statement.

Eligible shareholders holding equity shares as of the record date will be entitled to apply for the rights shares in the ratio of 1 Rights Equity Share for every 1 fully paid-up Equity Share held.

The company said the proceeds from the issue will be used to “boost growth, strengthen finances, and enable NSE main board migration.”

Cool Caps Industries, one of Eastern India’s leading beverage packaging manufacturers, produces plastic caps, closures, PET preforms, bottles, handles, shrink films, and food-grade PET flakes.

Meanwhile, in related developments, Ecoline Exim Limited has launched its Initial Public Offering (IPO) on the NSE Emerge platform.

The IPO, priced between ₹134–₹141 per share (face value ₹10), will remain open for subscription from September 23 to September 25, 2025.

At the upper end of the price band, Ecoline Exim is expected to raise ₹76.42 crore (US$8.66 million).

The public issue includes a Fresh Issue of 43,40,000 equity shares and an Offer for Sale of 10,80,000 equity shares by promoter selling shareholders.

The allocation has been structured across investor categories, with Qualified Institutional Buyers (QIBs) offered 25,73,000 shares, Non-Institutional Investors (NIIs) allotted 7,73,000 shares, and Retail Individual Investors (RIIs) offered 18,02,000 shares.

Additionally, 2,72,000 shares have been reserved for Market Makers.

Investors can apply with a minimum lot size of 1,000 shares, with at least two lots (2,000 shares) required per application.

The issue is being managed by Hem Securities Limited as the Book Running Lead Manager, while MUFG Intime India Private Limited will act as the Registrar.

Post-listing, the equity shares will trade on the NSE Emerge platform.

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