AHMEDABAD | 21st SEPTEMBER 2025: Leading plastic bottle caps and closures manufacturer Cool Caps Industries Limited (NSE: COOLCAPS) has announced its upcoming rights issue to further strengthen its growth strategy. Through this issue, the company will raise approximately Rs.279.97 crore, which will provide additional opportunities to its pattern equity shareholders and advance the company’s expansion plans.
The company’s Board of Directors took this decision in its meeting on September 16, 2025. The rights issue will be in the ratio of 1:1, meaning eligible shareholders will receive one new equity share for each of their existing equity shares. The issue price has been fixed at Rs.70 per share, comprising a face value of Rs.2 and a premium of Rs. 68. The company currently has 11,56,00,000 equity shares and the company will issue approximately 3,99,95,000 new shares to the public shareholders through this issue, resulting in a total amount of Rs.279.97 crore being raised.
The record date has been set as September 23, 2025, on the basis of which eligible shareholders will be determined. The timetable for this issue will be as follows:
Last Date for Credit of Rights Entitlements
Wednesday, September 24, 2025
Date of Opening of the Issue
Tuesday, September 30, 2025
Last Date for On-Market Renunciation of Rights Entitlements
Thursday, October 16, 2025
Date of Closing of the Issue
Friday, October 24, 2025
Date of Finalization of Basis of Allotment (On or About)
Monday, October 27, 2025
Date of Allotment (On or About)
Monday, October 27, 2025
Date of Credit of Rights Equity Shares (On or About)
Tuesday, October 28, 2025
Date of Listing (On or About)
Wednesday, October 29, 2025
Shareholders will have the option to subscribe to their rights shares or renounce them and sell to other investors..
The proceeds from this issue will primarily be used for expansion of production capacity, meeting working capital requirements, and general corporate purposes. The company’s current production capacity is 200 crore bottle caps annually, which will be increased by 30% through these funds to meet the growing demand in the beverage packaging industry. Following the recent 1:5 stock split and 1:1 bonus issue, this rights issue will provide additional value to shareholders and strengthen the company’s market cap, which is currently around Rs. 1,193 crore.
“This rights issue will accelerate our growth momentum and make shareholders partners in our expansion. The company is committed to becoming a leader in the beverage and food packaging sector, and with these funds, we will invest in new machinery and business opportunities,” stated Mr. Rajiv Goenka, Chairman and Managing Director of the company.
About Cool Caps Industries Limited:
Cool Caps Industries Limited (CCIL) is a publicly listed manufacturer of plastic bottle caps, closures, PET preforms, bottles, handles, shrink films, and food-grade PET flakes, catering to the beverage, FMCG, industrial, and consumer packaging sectors. Established in 2015, CCIL began as a niche cap producer in West Bengal and has since evolved into a multi-product, multi-location packaging solutions provider. We are now Eastern India’s largest beverage packaging manufacturer. In March 2022, the company listed on NSE Emerge via an IPO oversubscribed 7.5x, a testament to investor confidence in its vision. Its annual revenue is Rs. 238 crore and net profit is Rs. 12 crore. Its high quality and innovation give it a distinct identity in the market.
