Rs 503 crore EPC order book: Net cash positive company allots 29,66,220 equity shares on conversion of warrants

Man Infraconstruction Limited informed that its Allotment Committee has approved the conversion of 29,66,220 convertible warrants into an equal number of equity shares with a face value of Rs 2 each on a preferential basis. This conversion followed the receipt of Rs 34,48,23,075 from allottees at a rate of Rs 116.25 per warrant, representing 75 per cent of the issue price, under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As a result, the company's subscribed and paid-up capital has increased from Rs 76,96,37,410 (38,48,18,705 Equity Shares) to Rs 77,55,69,850 (38,77,84,925 Equity Shares). There are still 1,85,11,580 warrants outstanding, with holders having 18 months from the allotment date to convert them into equity shares by paying the remaining 75 per cent of the issue price (Rs 116.25 per warrant). This issuance is categorised as a Preferential Allotment (Conversion of Warrants into Equity Shares) of 29,66,220 fully paid equity shares, each at an issue price of Rs 155 (including a premium of Rs 153).

About the Company

Man Infraconstruction Ltd, a Mumbai-based company listed on both NSE (MANINFRA) and BSE (533169), specialises in EPC (Engineering, Procurement, and Construction) and Real Estate Development. It has a 50-year EPC history and strong execution in the ports, residential, commercial, industrial, and road sectors across India. Man Infra also excels in Mumbai's real estate market, delivering high-quality residential projects on time. Its construction management expertise and resources make it a capable real estate developer.

Man Infraconstruction Limited (MICL) showed strong FY25 results, with total income up 19.2 per cent to Rs 379.8 crore and net profit rising 16 per cent to Rs 97.2 crore in Q4FY25. Full-year sales tripled to Rs 2,251 crore, and carpet area sold doubled to 8 lakh sq. ft. MICL also launched new projects with Rs 1,600 crore potential, and plans Rs 3,400 crore in new projects for FY26. The company maintains a net-debt-free balance sheet with Rs 570 crore in cash.

Man Infraconstruction Ltd. has announced a strong order book of Rs 503 crore as of March 2025. The company has a market cap of over Rs 5,990 crore and has delivered good profit growth of 48.3 per cent CAGR over the last 5 years with a net cash positive position. The company's shares have an ROE of 20 per cent and an ROCE of 24 per cent. The stock is up by 37.6 per cent from its 52-week low of Rs 135.05 per share.

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