LIC-backed multibagger penny stock at Rs 4.07; Board allots 15,36,24,538 fully paid-up rights equity shares

Integra Essentia Limited recently finalized the allotment of its Rights Issue, receiving approval from various authorities including the stock exchange (BSE), Merchant Bankers, and Registrar to the Issue. The company’s Board of Directors approved the issuance of 15,36,24,538 fully paid-up equity shares at Rs 3.25 per share to eligible applicants. This allotment increased the company’s paid-up capital to Rs 106,76,90,544, potentially raising Rs 49.93 crore.

The company also secured fresh orders worth Rs 210 million, showcasing positive growth. Orders for High-Tensile TOR Steel within the Infra segment and repeat orders from clients in the Agro segment highlight Integra’s strong order book and client trust. Additionally, a landmark deal was secured to supply 500 metric tons of rice to the prestigious ITC Group, valued at Rs 14.25 million.

In terms of financial performance, Integra Essentia Limited saw a significant increase in net sales and net profit in Q4FY24 and FY24 compared to previous periods. The company also approved the allotment of bonus equity shares to existing shareholders.

The stock has shown impressive growth, with a 63% increase from its 52-week low and multibagger returns of over 600% in 3 years and 1,050% in 5 years. Investors are advised to keep an eye on this micro-cap stock.

Please note that the article is for informational purposes only and not investment advice.