Latest news with #ManInfraconstruction
India.com
23-07-2025
- Business
- India.com
Shares of this EPC firm gain as board approves conversion of warrants
1 लाख के निवेश पर 10 लाख का फायदा Shares of EPC firm Man Infraconstruction surged nearly 2 per cent in Wednesday's trading session as the company has informed exchanges that the board has approved the conversion of warrants into equity shares. The realty stock opened at Rs 181 on the BSE against the previous close of Rs 178.20. It gained further to touch the intraday high of Rs 181.65. This is a gain of 1.93 per cent. In between, the counter hit a low of Rs 177.75. Technically, it is trading higher than the 50-day and 100-day moving averages but lower than the 5-day, 20-day and 200-day moving averages. The company has a 52-week high of Rs 262.50 and a 52-week low of Rs 135.05. The company's market capitalisation is Rs 6,805.88 crore. The company informed the exchanges, on July 22, that the board has approved the conversion of 1,58,81,580 warrants into equity shares with a face value of Rs 2 each on preferential basis to an amount aggregating up to Rs 1,84,62,33,675 at the rate of Rs 116.25 per warrant. Man Infraconstruction Q4 Results Earlier, Man Infraconstruction reported over 50 per cent growth in consolidated net profit to Rs 97.15 crore in the quarter ended March 31, 2025, helped by lower expenses. It had posted a net profit of Rs 64.65 crore in the January-March period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income was at Rs 327.83 crore, down from Rs 332.26 crore in the year-ago quarter. Share Market Today Benchmark indices Sensex and Nifty rallied in early trade on Wednesday, tracking a positive trend in Asian markets. Japan securing a trade deal with the US propelled a rally in Asian markets, which in turn added to an optimistic trend in domestic equities, an expert said. The 30-share BSE Sensex climbed 288.64 points to 82,475.45 in initial 50-share NSE Nifty went up by 88.95 points to 25,149.85. From the Sensex firms, Tata Motors, Maruti, Eternal, Mahindra & Mahindra, Adani Ports and Bharti Airtel were among the biggest gainers. However, Titan, State Bank of India, HDFC Bank and Hindustan Unilever were among the laggards. With PTI inputs
Mint
23-07-2025
- Business
- Mint
Realty stock Man Infraconstruction rebounds from intraday low; here's why
Realty stock Man Infraconstruction edged higher less than a per cent in Wednesday's trading session after the company announced that board has approved the conversion of 1,58,81,580 convertible warrants into equity shares. The realty stock opened at ₹ 179.85 apiece on National Stock Exchange (NSE) on Wednesday, as compared to previous close of ₹ 178.07 on Tuesday. At 9:45 am, Man Infraconstruction share price dipped over 1 per cent to hit an intraday low of ₹ 177.93, but quickly rebounded to trade at ₹ 179.77 per share. The company informed the exchanges, on July 22, that the board has approved the conversion of warrants into equity shares with a face value of ₹ 2 each on preferential basis to amount aggregating up to ₹ 1,84,62,33,675 at the rate of ₹ 116.25 per warrant. ' We wish to inform you that the Allotment Committee of the Board of Directors of Man Infraconstruction Limited Company'') at its Meeting held today i.e. July 22, 2025, considered and approved the conversion of 1,58,81,580 (One Crore Fifty Eight Lakhs Eighty One Thousand Five Hundred Eighty) convertible warrants into 1,58,81,580 (One Crore Fifty Eight Lakhs Eighty One Thousand Five Hundred Eighty) equity shares of face value of Rs. 2/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 1,84,62,33,675/- (Rupees One Hundred Eighty Four Crore Sixty Two Lakhs Thirty Three Thousand Six Hundred Seventy Five only) at the rate of Rs. 116.25 per Warrant (being 75% of the issue price per Warrant) from the allottees pursuant to the exercise of their right of conversion of Warrants into Equity Shares in accordance with the provisions of SEBI,' the company said in the exchange filing. The company further added, ' The allotment has been made for cash, upon the receipt of the remaining exercise price of Rs. 116.25 per Share Warrant (being an amount equivalent to the 75% of the warrant exercise,price of Rs. 155/- per Warrant), aggregating to Rs. 1,84,62,33,675/- (Rupees One Hundred Eighty Four Crore Sixty Two Lakhs Thirty Three Thousand Six Hundred Seventy Five only).' After the allotment of the new equity shares, the company's total subscribed and paid-up share capital has increased from ₹ 77.56 crore (made up of 38.78 crore shares with a face value of ₹ 2 each) to ₹ 80.73 crore (made up of 40.37 crore shares with a face value of ₹ 2 each). Prabhudas Lilladher Advisory, Vivek Mahavir Jain, Forbes EMF, Minerva Ventures Fund were among the list of 50 allottees of the equity shares. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
13-07-2025
- Business
- India.com
This company shares to be in focus as board approves conversion 29,66,220 Warrants
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Shares of Man Infraconstruction Ltd, the Mumbai-based infrastructure and real estate company, are expected to be in the spotlight on Monday, 14 July, after the company announced a preferential allotment of 29.66 lakh equity shares through the conversion of warrants, amounting to ₹34.48 crore. Details of the Allotment The allotment, approved by the board's Allotment Committee on 11 July 2025, follows the exercise of rights by warrant holders who opted to convert their holdings into equity shares. Each warrant was converted at ₹116.25, which represents 75 per cent of the total issue price of ₹155 per warrant. The remaining 25 per cent was presumably paid at the time of initial issuance. Equity Share Details The equity shares, having a face value of ₹2 each, will rank pari-passu with the company's existing equity shares in all respects — including dividend eligibility and voting rights. Share Capital Now at ₹77.56 Crore Following this allotment, the subscribed and paid-up share capital of Man Infraconstruction has increased from Rs 76.96 crore to Rs 77.56 crore, comprising over 38.77 crore equity shares. The company also revealed that 1.85 crore convertible warrants remain outstanding, which can be converted into equity within 18 months from the original allotment date, with a further payment of Rs 116.25 per warrant. The funds raised through the warrant conversion are likely to bolster the company's balance sheet and working capital, given the capital-intensive nature of its business which spans engineering, procurement and construction (EPC) in ports, real estate, and urban infrastructure. Man Infraconstruction has emerged as a multibagger stock, posting a remarkable 1384.11 per cent return over the past five years. This makes it one of the standout performers in India's mid-cap real estate space. Despite some short-term volatility — the stock fell 1.57 per cent to close at ₹182.10 on the BSE on Friday — it remains up 25.28 per cent for the current quarter. The stock, however, has corrected 9.54 per cent over the past year, possibly due to profit-booking and broader market weakness.
Mint
12-07-2025
- Business
- Mint
1380% rally in five years! Multibagger realty stock to be in focus on Monday; here's why
Shares of Man Infraconstruction will be in focus on Monday, July 14, after the company revealed that it has issued 29.66 lakh equity shares through the conversion of warrants valued at ₹ 34.48 crore. Man Infraconstruction on Friday announced the allotment of 29,66,220 equity shares following the conversion of an equivalent number of convertible warrants. The allotment was approved by the Allotment Committee of the company's board of directors at its meeting held on July 11, 2025. The equity shares, with a face value of ₹ 2 each, were allotted on a preferential basis to warrant holders who exercised their right to convert the warrants into shares. The conversion took place after the company received an aggregate payment of ₹ 34.48 crore from the allottees, calculated at ₹ 116.25 per warrant — representing 75% of the total issue price of ₹ 155 per warrant. The newly issued equity shares will rank pari-passu with the existing equity shares of the company in all respects, including dividend entitlements. Following this allotment, the subscribed and paid-up share capital of Man Infraconstruction has increased to ₹ 77.56 crore, comprising 38,77,84,925 equity shares of ₹ 2 each. Prior to this, the company's paid-up capital stood at ₹ 76.96 crore. The company also disclosed that 1,85,11,580 convertible warrants are still outstanding. Holders of these warrants are entitled to convert them into equity shares by paying the remaining 75% of the issue price — ₹ 116.25 per warrant — within 18 months from the date of warrant allotment. Man Infraconstruction is a Mumbai-based infrastructure development company with interests in engineering, procurement, and construction (EPC) services across ports, real estate, and urban infrastructure sectors. On Friday, Man Infraconstruction share price ended 1.57% lower at ₹ 182.10 apiece on the BSE. In the past week the stock fell 3.19%. Stock has been up 25.28% in the past quarter and fell 9.54% in the past year. Over the span of five years, Man Infraconstruction share price has jumped 1384.11%. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
23-06-2025
- Business
- India.com
This company shares in focus following this update
इंवेस्टमेंट से पहले रिस्क को जांच लें Despite the market's volatility, the shares of BSE smallcap company Man Infraconstruction saw a positive trend on Monday. The counter, which began the session at Rs 160.55, managed to reach a high of Rs 162.55 on the BSE, marking a 1.27 per cent increase from the previous close. As of the latest update, the counter was trading at Rs 161.75. The 52-week high and low of the counter on the BSE are Rs 262.50 and Rs 135.50, respectively, with the company's market cap standing at Rs 6,053.42 crore. The counter has been gaining for the last two days and has risen 3.61 per cent in the period. Technically, the stock trades higher than the 50-day moving averages but lower than 5-day, 20-day, 100-day and 200-day moving averages. Share Price History The counter has given a multibagger return of 102.31 per cent in three years and 1,049 per cent in five years. However, it has corrected 20 per cent in one year and 35 per cent on a YTD (year-to-date) basis. Promoter Increases Stake Notably, the company has observed a significant change in the shareholding of its promoter, Mansi P Shah. As per the information available on the BSE, Shah has acquired 67,000 equity shares worth Rs 1,07,12,630, thereby increasing her total holdings to 5,97,60,308 equity shares from the existing 5,96,93,308. This has also led to a rise in her stake in the company to 15.53 per cent, a development that could instill confidence in the company's future. With this, the total holdings have increased to 5,97,60,308 equity shares from the existing 5,96,93,308. Also, her stake in the company has now risen to 15.53 per cent. On June 19, 2025, the company took a significant step by incorporating a subsidiary entity, MICL Shreepati August LLP. This subsidiary is set to play a crucial role in the company's future, as it plans to undertake real estate and related business activities through it, a move that could potentially impact the company's growth trajectory. Q4 Results Earlier, the company reported over 50 per cent growth in consolidated net profit to Rs 97.15 crore in the quarter ended March 31, 2025. The company said in an exchange filing that it posted a net profit of Rs 64.65 crore in the January-March period of the preceding 2023-24 fiscal. With PTI Inputs
