Hiliks Technologies to raise ₹24.84 cr via preferential shares, warrants
Board approves issue of 23 lakh equity shares and 11.5 lakh warrants at ₹72 each to five non-promoter investors, raising funds equivalent to 31% of market cap for growth capital.
— 3 earlier stories on Hiliks Technologies Ltd. →What's new
- Board clears preferential issue of 23 lakh shares at ₹72 each, raising ₹16.56 cr
- Separate issue of 11.5 lakh convertible warrants at ₹72 each to raise ₹8.28 cr
- Total fundraising of ₹24.84 cr represents over 30% of Hiliks' current market value
Why this matters
This is a substantial capital injection for a nano-cap with a market cap of ₹79 crore, bringing in institutional investors like Aegis Investment Fund and Niveza Small Cap Fund. Enact Technologies, already a 19.65% holder, would see its stake rise to 20.49% upon full warrant conversion. Execution risk remains pending shareholder approval via postal ballot.
What we're watching
- Shareholder approval through postal ballot with e-voting cut-off on 26 June 2026
- Conversion of warrants by Enact Technologies and other investors
- Deployment of proceeds and impact on future order execution
The full read
Hiliks Technologies, a nano-cap with a market cap of ₹79 crore, is raising ₹24.84 crore, over 31% of its market value, via a preferential allotment to non-promoter investors. The board approved the issue of 23 lakh equity shares and 11.5 lakh convertible warrants, both priced at ₹72 each. Equity subscribers include Aegis Investment Fund and Niveza Small Cap Fund, while warrants go to Enact Technologies and three others. Enact, already a 19.65% holder, would rise to 20.49% on full conversion. This is the third major capital event in recent weeks, following a ₹95 crore order and a ₹37.76 crore contract, signalling aggressive growth intent. Shareholder approval via postal ballot is the next hurdle; the e-voting cut-off is 26 June 2026.
Questions answered
- How much capital is Hiliks raising and at what price?
- Hiliks plans to raise ₹24.84 crore through a preferential issue of 23 lakh equity shares and 11.5 lakh convertible warrants, both priced at ₹72 each.
- Who are the investors participating in this issue?
- Five non-promoter investors, including Aegis Investment Fund PCC and Niveza Small Cap Fund, are subscribing to the equity shares. Enact Technologies Private Limited and three other investors are taking the warrants.
- What is the significance of the ₹24.84 crore relative to Hiliks' size?
- The fundraise equals about 31% of Hiliks' market capitalisation of ~₹79 crore, making it a very large injection relative to the company's scale.
- What approvals are needed for this preferential issue to go through?
- Shareholder approval via postal ballot is required. The e-voting cut-off date is set for 26 June 2026.
- How would this affect Enact Technologies' stake in Hiliks?
- Enact, which already holds 19.65%, would increase its stake to 20.49% on full conversion of the warrants it is subscribing to.
Hiliks Technologies Ltd.
Latest quarter · Mar 2026
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All notes on HILIKS →- 1 Jul 2026 · 3:38 PM IST Hiliks Technologies to raise ₹24.84 cr via preferential shares, warrants
- 18d ago Hiliks Technologies lands ₹95 cr order, more than double its market cap
- 24d ago Hiliks Technologies' revenue surges 324% in FY26 on order execution
- 25d ago Hiliks wins ₹37.76 cr order, 61% of its market cap