Rs 503 crore EPC order book: Net cash positive company converts 1,58,81,580 warrants into equity shares, Raising Rs 1,84,62,33,675

DSIJ Intelligence-1 / 23 Jul 2025/ Categories: Mindshare, Trending

Rs 503 crore EPC order book: Net cash positive company converts 1,58,81,580 warrants into equity shares, Raising Rs 1,84,62,33,675

The stock is up by 34 per cent from its 52-week low of Rs 135.05 per share.

Man Infraconstruction Limited's Allotment Committee of the Board of Directors, at its meeting on July 22, 2025, approved the conversion of 1,58,81,580 convertible warrants into an equal number of equity shares. These shares, with a face value of Rs 2 each, were allotted on a preferential basis following the receipt of Rs 1,84,62,33,675 from allottees. This amount, at a rate of Rs 116.25 per warrant (representing 75% of the issue price of Rs 155 per warrant), was received as the remaining exercise price upon the conversion of warrants into equity shares, under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Following this allotment, the company's subscribed and paid-up capital has increased from Rs 77,55,69,850 (38,77,84,925 Equity Shares) to Rs 80,73,33,010 (40,36,66,505 Equity Shares). Notably, 26,30,000 warrants remained unexercised or partially opted for conversion by the stipulated deadline of July 22, 2025, resulting in the forfeiture of the amount received on these warrants as per Regulation 169(3) of SEBI (ICDR) Regulations, 2018. The conversion was exercised by 50 warrant holders.

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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 6,700 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 34 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.