250% return in five years! Multibagger penny stock PC Jeweller to raise ₹1,000 crore through QIP
PC Jeweller said its board of directors on July 16 approved raising of funds up to an aggregate amount not exceeding ₹1,000 crore through QIP, in one or more tranches.
PC Jeweller share price slumped nearly 6% on Friday after the company announced raising of funds through Qualified Institutions Placement (QIP). The penny stock declined as much as 5.80% to ₹9.73 apiece on the BSE.
PC Jeweller said its board of directors on July 16 approved raising of funds up to an aggregate amount not exceeding ₹1,000 crore through QIP, in one or more tranches.
The company will issue equity shares having face value of Re 1 each and / or other eligible securities or any combination thereof, through QIP, in one or more tranches.
The board also approved the constitution of Qualified Institutions Placement Committee with authority to appoint necessary intermediaries, advisors and other agencies, finalise the structure, size, timing, pricing, preliminary placement document and placement document and other terms and conditions of the QIP.
The committee will also execute all necessary documents, make requisite filings and do all such things and take all such actions, decisions and steps as may be necessary or incidental in connection with the proposed QIP, PC Jeweller said in a regulatory filing on July 16.
Increase in Authorised Share Capital
The board of directors of PC Jeweller also approved an increase in the company’s authorised share capital from the existing ₹1,310 crore, comprising 1,050 crore equity shares of Re 1 each and 26 crore preference shares of ₹10 each, to ₹1,460 crore. The revised authorised share capital will comprise 1,200 crore equity shares of Re 1 each and 26 crore preference shares of ₹10 each.
The increase will be effected through the creation of an additional 150 crore equity shares of Re 1 each, along with the consequential alteration to the Capital Clause of the company’s Memorandum of Association.
PC Jeweller Share Price Performance
PC Jeweller share price has gained 10% in one month, but has fallen 4% in six months. The penny stock has declined 43% in one year, while it has rallied 36% in two years. PC Jeweller stock price has delivered multibagger returns of 205% in three years and 257% over the past five years.
At 10:45 AM, PC Jeweller share price was trading 3.19% lower at ₹10.00 apiece on the BSE.
About the Author
Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.
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