PC Jeweller to raise up to ₹1,000 crore through QIP; authorised capital increased

The jewellery firm plans to raise up to ₹1,000 crore through the issuance of equity shares with a face value of ₹1 each and/or other eligible securities, or a combination thereof, via Qualified Institutions Placement (QIP) in one or more tranches.

The company has approved the constitution of a Qualified Institutions Placement (QIP) committee to oversee the proposed fundraise. The committee has been authorised to appoint necessary intermediaries, advisors and other agencies and to finalise key aspects, including the structure, size, timing and pricing of the QIP.

The committee will also be responsible for preparing the preliminary placement document and the placement document, executing required documents, making requisite filings, and taking all necessary actions and decisions in connection with the proposed QIP.

PC Jeweller's board has also approved an increase in its authorised share capital from ₹1,310 crore to ₹1,460 crore by creating an additional 150 crore equity shares of ₹1 each. Following this, the capital structure will comprise 1,200 crore equity shares of ₹1 each and 26 crore preference shares of ₹10 each, along with a corresponding alteration to the Capital Clause of its Memorandum of Association.

PC Jeweller Q1 FY27 business updates

Earlier this month, PC Jeweller had said it witnessed a strong operational performance and concluded Q1 FY27 with a consolidated revenue growth of approximately 21% year-on-year (YoY), reflecting significant progress in its ongoing turnaround journey.

The jewellery firm said it continues to progress rapidly towards its goal of becoming debt-free and will achieve this goal in the current quarter itself. In line with this, PC Jeweller has reduced its outstanding debt that was payable to the banks under the terms of the Joint Settlement Agreement by another approximately 24% during Q1 FY27.

With this reduction, the company has now reduced its outstanding debt by more than 90% as of date since the execution of the settlement agreement with banks on September 30, 2024.

"The repayment of remaining outstanding debt and attaining a debt-free status in the ongoing quarter itself will significantly improve the company’s financial position in the coming periods,” PC Jeweller had said.

PC Jeweller share price trends

On Thursday, PC Jeweller shares closed at ₹10.32 apiece on the National Stock Exchange, falling 2.37%.

The stock has climbed 11% so far since the beginning of 2026, while on a year-on-year basis, it has fallen 40%.

Shares of the firm had hit a 52-week high of ₹18 on July 17, 2025, and a 52-week low of ₹7.47 on March 30, 2026.

According to NSE data, as of July 16, 2026, PC Jeweller has a total market capitalisation of ₹8,908.06 crore.