Multibagger stock under Rs 100: The company’s Board approved a Rs 999 crore partly paid-up equity shares rights issue to shareholders

DSIJ Intelligence-1 / 21 Jul 2025/ Categories: Multibaggers, Penny Stocks, Trending

Multibagger stock under Rs 100: The company’s Board approved a Rs 999 crore partly paid-up equity shares rights issue to shareholders

The stock gave multibagger returns of 220 per cent in just 2 years, 1,030 per cent in 3 years and a whopping 3,300 per cent in 5 years.

Lloyds Enterprises Limited's Board of Directors, at their meeting on Monday, July 21, 2025, approved a Rights Issue of partly paid-up Equity Shares with a face value of Re 1 each, aiming to raise an amount not exceeding Rs 99,900 Lakhs (Rs 999 crore). This Rights Issue will be offered to eligible shareholders as of a record date yet to be determined, and will adhere to all applicable laws, including the Companies Act, 2013, and SEBI ICDR Regulations, 2018, subject to necessary regulatory and statutory approvals. The Board also formed a Rights Issue Committee to manage the issuance, offer, and allotment of these Equity Shares, with specific terms such as issue price, rights entitlement ratio, record date, and payment schedule to be finalised by the Board or its authorised committee.

About the Company

Lloyds Enterprises, a prominent entity within the Lloyds Group, operates a diversified business with core activities in importing, exporting, and trading iron and steel, alloy steel scrap, tubes, pipes, and wires. Beyond its steel-related ventures, the company actively engages in investment, acquiring and managing various securities. Lloyds Enterprises aims to enhance lives through its varied ventures, which also extend to real estate, metals and mining, luxury grooming, and engineering, demonstrating a commitment to delivering quality and value. Listed on the Bombay Stock Exchange (BSE), the company strives to be a leading conglomerate in India and globally, known for innovation, integrity, and excellence across its diverse business sectors.

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The company had a market cap of over Rs 10,000 crore and has delivered good profit growth of 156 per cent CAGR over the last 5 years. The stock gave multibagger returns of 220 per cent in just 2 years, 1,030 per cent in 3 years and a whopping 3,300 per cent in 5 years.

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