Kavveri Defence Stock Hits 52-Week High After Listing of 1.42 Crore Shares on Preferential Basis

Bengaluru, 18 September 2025 – The Kavveri Defence & Wireless Technologies Ltd Stock (BSE: 590041, NSE: KAVDEFENCE) surged 4.99% to ₹108.06 on Thursday, after the company listed 1.42 crore equity shares issued through a preferential allotment, and reached a new 52-week high.

Kavveri Defence & Wireless Technologies Limited was incorporated in 1996 and has been listed on stock exchanges since 2008. The company operates in the Telecom Equipment & Accessories sector. It is engaged in the design, development, and supply of wireless communication systems and defence-related technologies for commercial and strategic customers.

Details of the Preferential Allotment

The company obtained NSE approval for exercising the warrants into equity shares. A total of 1.42 crore equity shares were issued, each having a face value of ₹10 and a premium of ₹6 for a total of ₹16 per share. The total raised through this issue was ₹228 crore, which was offered to 22 investors consisting of promoters and non-promoters.

Major Investors in the Issue

Some of the significant allottees include Sankethram Reddy Chenna Reddy, who obtained 22.5 lakh shares, as well as Mohd Shazeb, Shashank Pravinchandra Doshi, and Amrutlal G Thobhani, all of whom subscribed to 20 lakh shares. Their respective investments were in the range of ₹3.20 crore and ₹3.60 crore, indicating their strong commitment to the company’s potential.

Stock Market Performance Post-Listing

At 11:55, the stock was quoted at ₹108.06, with an increase of ₹5.14 (4.99%) from its previous quoted price of ₹102.92. The stock has seen a high and a low of ₹108.06 – at the upper circuit – and ₹105.04 so far in the intraday session. The stock has traded a total of 6.99 lakh shares in the session and has traded at ₹7.54 crore.

The stock has built strong momentum, rebounding sharply from its 52-week low of ₹33.55, recorded in November 2024.

Market Capitalization and Valuation

Thanks to the rapid increase, Kavveri Defence had a market cap of ₹371.45 crore, and the free float market cap stood at ₹304.63 crore. The continued valuation increase reflects robust demand from investors and higher liquidity in the stock since the share listing.

The preferential allotment by Kavveri Defence, along with increasing market momentum, indicates an increase in investor confidence. New capital and the growing need for defence communication technologies place the company in an ideal position for long-term value creation for stakeholders and sustained growth.

REF: https://nsearchives.nseindia.com/corporate/KAVVERITEL_17092025190244_ListingApprovalIntimation.pdf

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