Cool Caps Industries Rights Issue
Cool Caps Industries Limited, a subsidiary of the Purv Group, is a leading one-stop solution provider in the beverage packaging industry, manufacturing caps, PET preforms, handles, and shrink films, while also recycling used plastic bottles into high-quality RPET flakes. The company plans to soon expand into bottle-to-bottle recycling by producing RPET granules.
With over six years of industry experience, Cool Caps is recognized for its quality, innovation, and sustainable practices. Its modern facilities, equipped with advanced machinery from Sacmi, Milacron, Tomra, and BoroTech, maintain top manufacturing standards. The company currently processes 1,500 MT of waste to produce 1,200 MT of RPET flakes, with production capacities of 4,000+ MT caps (being expanded by 2,500+ MT), 4.5+ crore handles (rising to 7+ crore), and 60 lakh preforms (doubling soon) — all tested for superior durability, functionality, and design.
Current Market Price Rs. 85.30 as on 16 October 2025
Right Issue Offer price Rs. 70
Rights Issue Details
| Issue Open | September 30, 2025 – October 24, 2025 |
| Security Name | Cool Caps Industries Limited |
| Issue Size (Shares) | 3,99,95,000 |
| Issue Size (Amount) | Rs.279.97 Crores |
| Issue Price | Rs.70 per share |
| Face Value | Rs.2 per share |
| Listing At | NSE |
| Terms of Payment | Rs 17.50 on application and remaining Rs 52.50 on one or more subsequent calls |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Rights Issue Timetable
| Last Date to buy shares | 22-Sep-25 |
| Record Date | 23-Sep-25 |
| Credit of Rights Entitlements | 24-Sep-25 |
| Bid/Offer Opens On | 30-Sep-25 |
| Renunciation of Rights Entitlements | 16-Oct-25 |
| Bid/Offer Closes On | 24-Oct-25 |
| Deemed Date of Allotment | 27-Oct-25 |
| Credit Date | 28-Oct-25 |
| Listing Date | 29-Oct-25 |
Objects of the Rights Issue
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
- Repayment in full or part, of certain borrowings availed by the Issuer Company.
- Repayment in full or part, of certain borrowings availed by the Subsidiary companies namely Purv Packaging Private Limited and Purv Ecoplast Private Limited.
- Investment in our Subsidiary, Purv Packaging Private Limited for financing its capital expenditure requirements in relation towards the purchase of plant and machinery for the purpose of setting up of a new production facility of Caps & closures, PET Preform and Handles in Khurdah, Odisha.
- Investment in our Subsidiary, Purv Ecoplast Private Limited for financing its capital expenditure requirements for setting up of a blown film manufacturing unit.
- Meeting the Working Capital Requirements of the Issuer company.
- Meeting the Working Capital Requirements of the Subsidiary company namely Purv Packaging Private Limited.
- Meeting the Working Capital Requirements of the Subsidiary company namely Purv Ecoplast Private Limited H. General Corporate Purposes
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 |
| Total Income | 271.85 | 161.03 |
| Profit After Tax | 11.97 | 3.93 |
| NET Worth | 54.82 | 42.85 |
| Reserves and Surplus | 43.26 | 31.29 |
| Amount in Rs. Crore | ||
Company Contact Information
Cool Caps Industries Limited
23 Sarat Bose Road,
Kolkata, 700020
Lead Manager of the Rights Issue
Registrar
Mufg Intime India Pvt ltd
Where to check allotment of Rights issue?
https://linkintime.co.in/initial_offer/public-issues.html
Cool Caps Industries Ltd – Rights Issue Review
(By Paresh Gordhandas, CA & Research Analyst)
Cool Caps Industries Ltd, a subsidiary of the Purv Group, is a fast-growing beverage packaging solutions provider, engaged in manufacturing caps, PET preforms, handles, shrink films, and recycling plastic bottles into RPET flakes. The company aims to expand into bottle-to-bottle recycling by producing RPET granules, a segment with rising sustainability demand.
The company plans to raise Rs. 279.97 crore through its Rights Issue at Rs. 70 per share, against the current market price of Rs. 85.30, offering a discount of about 18%. The proceeds will be used for debt repayment, capacity expansion at subsidiaries, and working capital needs, including new facilities in Odisha and a blown film unit.
Financially, Cool Caps has delivered strong growth — Total Income rose from Rs. 161.03 crore in FY24 to Rs. 271.85 crore in FY25, while PAT tripled from Rs. 3.93 crore to Rs. 11.97 crore, indicating solid operational momentum.
Chanakya View:
The issue is attractively priced and supports the company’s growth and de-leveraging plans. Existing investors can subscribe to the Rights Issue for medium- to long-term gains, given its expanding product line, growing sustainability focus, and improving profitability.
