Infra stock surges over 2% after the Board allots 27,96,670 equity shares on conversion of warrants
DSIJ Intelligence-1 / 22 Dec 2025/ Categories: Multibaggers, Penny Stocks, Trending
From Rs 0.25 to Rs 36.67 per share, the stock rocketed over 14,000 per cent in 5 years.
On Monday, shares of Hazoor Multi Projects Ltd surged 2.3 per cent to Rs 36.60 per share from its previous closing of Rs 35.85 per share. The stock’s 52-week high is Rs 57.80 per share and its 52-week low is Rs 26.80 per share.
Hazoor Multi Projects Limited (HMPL), a Mumbai-based infrastructure and engineering firm with a presence in the highway, EPC, shipyard, and oil and gas sectors, successfully concluded a fund-raising committee meeting on December 19, 2025. During the meeting, the committee approved the allotment of 27,96,670 equity shares (face value of Re. 1/-) following the conversion of 2,79,667 warrants by seven non-promoter investors, including Saurav Sultania and Saurav Raidhani. This conversion, executed at an adjusted issue price of Rs. 30 per share to account for the company's previous 1:10 stock split, involved the receipt of the remaining 75% balance payment, totalling Rs 6,29,25,075. As a result of this preferential allotment, HMPL's total issued and paid-up capital has increased to Rs. 24,34,72,020, represented by 24,34,72,020 equity shares.
Earlier, the company had won two one-year domestic Letters of Award (LOA) from the NHAI, totalling Rs 277.40 crore, for collecting user fees and maintaining toilet blocks at two fee plazas, secured via competitive e-bidding. The larger contract, valued at Rs 235.43 crore, is for the Ankadhal Fee Plaza on the Sangli-Solapur section of NH-166 in Maharashtra, while the second, worth Rs 41.98 crore, is for the Krishnagiri Fee Plaza on the Hosur-Krishnagiri section of NH-44 in Tamil Nadu, demonstrating the company's success in key highway revenue collection and maintenance contracts.
About the Company
Hazoor Multi Projects Ltd. (HMPL) is a BSE-listed, diversified infrastructure and engineering company based in Mumbai, with core operations spanning highways, civil EPC works and shipyard services and now in the Oil and Gas Sector. Known for execution excellence and strategic clarity, HMPL has built a solid track record across capital-intensive, nationally significant projects. With a focus on scalable growth, recurring revenues and multi-vertical integration, HMPL is building a future-ready platform at the intersection of infrastructure, energy and industrial technology.
According to the Quarterly Results (Q2FY26), the company reported net sales of Rs 102.11 crore and a net loss of Rs 9.93 crore while in the half-yearly results (H1FY26), the company reported net sales of Rs 282.13 crore and a net profit of Rs 3.86 crore. Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore.
The company has a market cap of over Rs 800 crore. In September 2025, FIIs bought 55,72,348 shares and increased their stake to 23.84 per cent compared to June 2025. From Rs 0.25 to Rs 36.67 per share, the stock rocketed over 14,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.