Precision Wires India Limited has submitted a revised valuation report following the shareholders' approval for a preferential issue of securities on June 17, 2025. The National Stock Exchange of India Limited (NSE) requested additional information, which has been provided in three addendums to the original valuation report. According to the report, the fair value of equity shares and convertible share warrants is estimated at ₹150.43 per share as of May 16, 2025.
| Particulars | Details |
|---|---|
| Client Name | Precision Wires India Limited |
| Assets Valued | Equity Shares and Convertible Share Warrants |
| Valuation Date | May 16, 2025 |
| Fair Value per Share | ₹150.43 |
| Valuation Currency | Indian Rupees (INR) |
Valuation Details
The valuation was conducted by Gaurang Rajesh Shah, a Chartered Accountant and Registered Valuer, appointed by the company's management on May 15, 2025. The purpose of the valuation is for the issuance of equity shares and convertible share warrants as per the Companies Act, 2013.
Company Overview
Precision Wires India Limited, incorporated in 1989, is a leading producer of winding wires in South Asia. The company's manufacturing unit in Silvassa produces enamelled round and rectangular copper winding wires, continuously transposed conductors (CTC), and paper/mica/Nomex® insulated copper conductors (PICC). The company is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Industry Context
The copper winding wire industry in India is experiencing growth, driven by demand from sectors such as power, automotive, appliances, and industrial machinery. Government initiatives like "Make in India" and investments in power transmission and EV adoption are further supporting this trend. The shift towards electric vehicles and renewable energy is expected to sustain demand for advanced winding wire solutions.
Shareholding Pattern
As of the valuation date, the shareholding pattern on a fully diluted basis is as follows:
- Promoter and Promoter Group: 10,34,96,744 shares (57.93%)
- Public: 7,51,61,231 shares (42.07%)
- Total: 17,86,57,975 shares (100%)
Valuation Methodology
The valuation considered both the Cost Approach and the Market Approach. The Income Approach was not applied due to the unavailability of reliable future financial projections. Under the Cost Approach, the book value of non-current assets was used as a proxy for fair market value. The Market Approach considered the market price of the shares and the Comparable Companies Multiple Method.
Valuer's Opinion
Based on the analysis, the fair market value per share as of May 16, 2025, is determined to be ₹150.43, in accordance with Regulation 164 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
