From Lower Circuit to Upper Circuit: Penny stock below Rs 30; Board approved authorised capital increase; QIP up to Rs 200 crore & preferential convertible warrants

On Tuesday, shares of Osia Hyper Retail Limited hit a 5 per cent upper circuit to Rs 29.62 per share from its previous closing of Rs 28.21 per share. By 9:21 am, the stock had hit its lower circuit, but it later rose to hit a 5 per cent upper circuit.

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Osia Hyper Retail Ltd. approved several key business proposals. The meeting, held at the DoubleTree by Hilton Hotel in Ahmedabad, Gujarat, included three main resolutions. The company's authorised share capital was increased through an ordinary resolution of the shareholders. Additionally, two special resolutions were passed: one to approve a capital raising proposal of up to Rs 200 crore via a Qualified Institutions Placement (QIP), and another for the issuance of convertible warrants on a preferential basis. These resolutions are intended to support the company's financial growth and future plans.

About the Company

Osia Hyper Retail Ltd, founded in 2014, is a retail chain with operations primarily in Gujarat and Jhansi. The company operates a balanced business model, with an equal split between its food and non-food divisions, offering a vast selection of over 300,000 products. Its retail network includes 37 stores: 31 large-format Osia Hypermarts that provide a wide range of goods from groceries to household items, and 5 smaller Mini Osia stores focused on daily grocery needs. Osia Hyper Retail also has one warehouse to support its stores. The company emphasises value and quality, aiming to provide a modern shopping experience while leveraging its experienced team and strong customer relationships to drive future growth.

According to Quarterly Results, the company reported net sales of Rs 326.48 crore in Q1FY26. The company reported a net profit of Rs 8.04 crore in Q1FY26 compared to a net profit of Rs 0.53 crore in Q4FY25, an increase of 1,417 per cent QoQ. The shares of the company have a PE of 20x whereas the industry PE is 78x.

In June 2025, the promoters bought 65,00,000 shares & FIIs bought 4,24,488 shares, increasing their stake to 47.53 per cent and 0.52 per cent, respectively, compared to March 2025. The company's shares have a 52-week high of Rs 50.47 per share and a 52-week low of Rs 11.31 per share. The stock has given multibagger returns of 162 per cent from its 52-week low of Rs 11.31 per share and the company has a market cap of over Rs 480 crore.

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