FIIs bought 10,00,000 shares: Penny stock under Rs 2 locked in upper circuit as Board approved Rs 500,00,00,000 fund raise via QIP

DSIJ Intelligence-1 / 01 Sep 2025/ Categories: Multibaggers, Penny Stocks, Trending

FIIs bought 10,00,000 shares: Penny stock under Rs 2 locked in upper circuit as Board approved Rs 500,00,00,000 fund raise via QIP

The stock gave multibagger returns of 120 per cent from its 52-week low of Rs 0.65 per share and a whopping 1,690 per cent in 5 years.

Today, shares of Excel Realty N Infra Ltd were locked in a 2 per cent upper circuit to Rs 1.43 per share from its previous closing of Rs 1.41 per share. The stock’s 52-week high is Rs 1.86 and its 52-week low is Rs 0.65.

At a meeting on August 29, 2025, the Board of Directors of Excel Realty N Infra Limited approved the issuance of equity shares through a Qualified Institutions Placement (QIP). The company plans to raise up to Rs 500,00,00,000 through this offering, which will include any applicable premium. This move is subject to obtaining the necessary approvals from the company's members and any relevant governmental, regulatory, or statutory bodies.

About the Company

Established in 2003, Excel Realty N Infra Limited, formerly known as Excel Infoways Limited, operates across multiple sectors, including infrastructure development, IT-enabled BPO services, and general trading. The company’s IT/BPO division specialises in providing customer care and workflow management services. In the infrastructure space, Excel Realty focuses on residential and annuity businesses, having completed various projects such as agricultural land development with Silicon Infracon, stormwater drainage for Arshiya International Ltd., and an intake construction at the Modak Sagar Tunnel. The company has also been involved in a mining project for EMTA Coal Limited, showcasing its diverse portfolio and collaborative approach.

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According to Quarterly Results, the net sales increased by 1,082 per cent to Rs 5.79 crore in Q1FY26 compared to Q1FY25. The company reported net profit of Rs 0.02 crore in Q1FY26. In FY25, the company reported net sales of Rs 18.93 crore and net profit of Rs 0.69 crore.

In June 2025, FIIs took a fresh entry and bought 10,00,000 shares or 0.07 per cent. The company has a market cap of over Rs 200 crore and its stock is trading at 1.15 times its book value. The stock gave multibagger returns of 120 per cent from its 52-week low of Rs 0.65 per share and a whopping 1,690 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.