India's equity benchmarks rose on Monday, December 21, 2025. The Nifty 50 rose 0.61% to 26,128.4, and the Sensex added 0.56% to 85,408.76 as of 10:13 a.m. IST.
Meanwhile, on December 19, Jupiter Wagons has allotted new equity shares to its promoter through warrant conversion, boosting its capital base and slightly increasing promoter ownership in the company.
Jupiter Wagons Limited (JWL) has announced the allotment of 28,72,340 equity shares to its promoter, TATRAVAGONKA A.S., following the conversion of an equal number of warrants issued on June 29, 2024, on a preferential basis. The company’s Fundraising Committee granted approval on December 19, 2025.
The warrants were converted at an issue price of ₹470 per unit. Under the original issuance structure, the promoter had paid 25% of this amount (₹117.50 per warrant) as an initial subscription. The remaining 75% (₹352.50 per warrant) has now been paid to complete the conversion.
The total consideration for the transaction amounts to ₹1,34,99,99,800 (approximately ₹135 crore). Each equity share carries a face value of ₹10 and has been issued at a premium of ₹460.
The allotment has resulted in a marginal increase in the company’s share capital and a boost in the promoter’s stake:
The company confirmed that all newly issued shares carry pari passu status with the existing shares, ensuring full voting rights and dividend eligibility.
Beyond this new LOI, the company's financial position appears robust. As of September, 2025, Jupiter Wagons' order book stands at ₹5,538 Crore.
The share price of Jupiter Wagons surged more than 14% on Monday, reaching an intraday high of ₹298.65. The stock price was up 12.30% at ₹292 per share as of 10:35 am IST. From its 52-week low of ₹247, the stock price has jumped by about 17%.
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