Captain Pipes Limited announced a private placement of 100,000 prepaid warrants on December 19, 2022. The transaction included participation from AMI DARSHAN KARIA. The warrants are issued on preferential basis.

The warrants will be convertible into one common share of the company at INR 16.75 per share and will mature in 18 months from the date of the allotment. The company will receive 25% of the total amount, which is INR 1,675,000, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months.