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Mint
01-08-2025
- Business
- Mint
Penny stock below Re 1 hits 5% upper circuit after board approves investment from Singapore-based Uniqube Global
IFL Enterprises share price was locked at 5% upper circuit of ₹ 0.99 apiece on the BSE Friday after the company's board approved an investment from Singapore-based Uniqube Global. The penny stock has hit the upper circuit limit for the third consecutive session. The Board of Directors of IFL Enterprises at its meeting held on Friday, August 1, 2025 has considered and approved the receipt of a strategic investment proposal from Uniqube Global Managed Services PTE. Ltd., Singapore, for the acquisition of up to 12% equity stake in the company at a proposed price of ₹ 2 per share, which represents approx. 100% premium to current share price. 'The Board has granted its in-principle approval to proceed with structuring the investment through a mutually suitable method such as preferential allotment, Qualified Institutional Placement (QIP), or a Rights Issue, in full compliance with applicable provisions under SEBI regulations, FEMA, and other statutory authorities,' IFL Enterprises said in a regulatory filing on Friday. The company said it shall appoint dedicated consultants and legal advisors to oversee structuring, due diligence, documentation, and the requisite approval processes. 'The proposed strategic investment is expected to enhance the Company's growth capabilities, further institutionalize its shareholding, and contribute to the long-term value creation for all stakeholders,' IFL Enterprises said. The company had earlier received a Letter of Intent from the Singapore based entity to acquire the 12% strategic minority stake in the company at an indicative reference price of ₹ 2 per share. Recently, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in IFL Enterprises as on 11 July 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone has acquired 4.02% equity stake each in the company as per shareholding pattern on the stock exchanges. IFL Enterprises share price has fallen 12% in one month, but has rallied 48% in three months. The penny stock has risen 16% in the past six months, and has gained 5% on a year-to-date (YTD) basis. While the smallcap stock has declined 88% in two years, it has delivered multibagger returns of 421% in five years. At 12:20 PM, IFL Enterprises share price was still locked at 5% upper circuit of ₹ 0.99 apiece on the BSE. 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.
Mint
24-07-2025
- Business
- Mint
Penny stock under ₹2 hits upper circuit despite selling pressure in Indian stock market; here's why
IFL Enterprises share price was locked in at 5% upper circuit on Thursday, extending rally for the fourth consecutive session, led by heavy buying volumes. The smallcap stock hit a 5% upper circuit of ₹ 1.05 apiece on the BSE. IFL Enterprises shares have jumped 18% in four sessions, boosted by sustained buying momentum. The latest gains in IFL Enterprises shares comes after the company announced to enter into Organic Waste Management and recycling business. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors. The Organic Waste Management & Recycling industry is projected to grow at a CAGR of 10–12% over the next five years. The company anticipates substantial long-term value addition from this venture in terms of revenue generation, environmental impact, and capital appreciation for shareholders, IFL Enterprises said in a release. The company's Board of Directors at its meeting held on 24 July, 2025 has approved the foray into the Organic Waste Management and recycling business. With this approval, IFL Enterprises said it will immediately initiate the next operational steps including, hiring a qualified and experienced R&D and technical team specializing in waste management technologies and regulatory compliance. The company will also commence evaluation and acquisition of relevant machinery and equipment tailored to organic waste processing and recycling along with identifying and surveying suitable land locations across key industrial and municipal zones for setting up processing units and operational hubs, it added. IFL Enterprises also announced that its board of directors is scheduled to meet on August 1, 2025, to consider and evaluate the proposal of Singapore based Unique Global Managed Services PTE. Ltd to acquire up to 12% equity stake through Strategic Investment Route. The company received a Letter of Intent from the Singapore based entity to acquire the 12% strategic minority stake in the company at an indicative reference price of ₹ 2 per share – which represents approximately 100% premium to current share price. Recently, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in the company as on 11th July 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone have acquired 4.02% equity stake each in the company as per shareholding pattern on the stock exchanges. IFL Enterprises share price has fallen 8% in one month, but the penny stock has jumped 55% in three months. Over the past six months, the smallcap stock has rallied 32%, while it has risen 12% on a year-to-date (YTD) basis. IFL Enterprises shares have declined 87% in two years, but has delivered multibagger returns of 450% in five years. At 2:50 PM, IFL Enterprises share price was still locked in at 5% upper circuit of ₹ 1.05 apiece on the BSE.
Mint
24-07-2025
- Business
- Mint
Penny stock under ₹2 hits upper circuit despite selling pressure in Indian stock market; here's why
IFL Enterprises share price was locked in at 5% upper circuit on Thursday, extending rally for the fourth consecutive session, led by heavy buying volumes. The smallcap stock hit a 5% upper circuit of ₹ 1.05 apiece on the BSE. IFL Enterprises shares have jumped 18% in four sessions, boosted by sustained buying momentum. The latest gains in IFL Enterprises shares comes after the company announced to enter into Organic Waste Management and recycling business. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors. The Organic Waste Management & Recycling industry is projected to grow at a CAGR of 10–12% over the next five years. The company anticipates substantial long-term value addition from this venture in terms of revenue generation, environmental impact, and capital appreciation for shareholders, IFL Enterprises said in a release. The company's Board of Directors at its meeting held on 24 July, 2025 has approved the foray into the Organic Waste Management and recycling business. With this approval, IFL Enterprises said it will immediately initiate the next operational steps including, hiring a qualified and experienced R&D and technical team specializing in waste management technologies and regulatory compliance. The company will also commence evaluation and acquisition of relevant machinery and equipment tailored to organic waste processing and recycling along with identifying and surveying suitable land locations across key industrial and municipal zones for setting up processing units and operational hubs, it added. IFL Enterprises also announced that its board of directors is scheduled to meet on August 1, 2025, to consider and evaluate the proposal of Singapore based Unique Global Managed Services PTE. Ltd to acquire up to 12% equity stake through Strategic Investment Route. The company received a Letter of Intent from the Singapore based entity to acquire the 12% strategic minority stake in the company at an indicative reference price of ₹ 2 per share – which represents approximately 100% premium to current share price. Recently, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in the company as on 11th July 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone have acquired 4.02% equity stake each in the company as per shareholding pattern on the stock exchanges. IFL Enterprises share price has fallen 8% in one month, but the penny stock has jumped 55% in three months. Over the past six months, the smallcap stock has rallied 32%, while it has risen 12% on a year-to-date (YTD) basis. IFL Enterprises shares have declined 87% in two years, but has delivered multibagger returns of 450% in five years. At 2:50 PM, IFL Enterprises share price was still locked in at 5% upper circuit of ₹ 1.05 apiece on the BSE. 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.
