Infra company-Hazoor Multi Projects allots equity shares on conversion of warrants to non-promoters!
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
From Rs 0.30 to Rs 37 per share, the stock rocketed over 12,000 per cent in 5 years.
Hazoor Multi Projects Limited (HMPL) has announced the allotment of 1,89,11,320 equity shares following the conversion of 18,91,132 warrants by 19 non-promoter investors. The conversion process involved the receipt of the remaining 75 per cent payment, totalling approximately Rs 42.55 crore, at a rate of Rs 225 per warrant. This action follows a previous stock sub-division where the face value of shares was split from Rs 10 to Re 1, resulting in each original warrant now entitling the holder to 10 equity shares at an adjusted issue price of Rs 30 per share.
The allotment significantly expands the company's capital base, bringing the total issued and paid-up capital to Rs 27,06,31,110, represented by an equal number of equity shares. Notable allottees in this tranche include Ovata Equity Strategies Master Fund, Morde Foods Private Limited, and Praveen Gupta. Additionally, the company processed a further allotment of 1,75,05,050 equity shares to another group of 19 investors, including NAV Capital VCC and Money Plant Pictures LLP, under similar conversion terms. Currently, 4,232,730 warrants remain outstanding for future conversion within the 18-month statutory period.
Earlier, the company had won two one-year domestic Letters of Award (LOA) from the NHAI, totalling Rs 277.40 crore, for collecting user fees and maintaining toilet blocks at two fee plazas, secured via competitive e-bidding. The larger contract, valued at Rs 235.43 crore, is for the Ankadhal Fee Plaza on the Sangli-Solapur section of NH-166 in Maharashtra, while the second, worth Rs 41.98 crore, is for the Krishnagiri Fee Plaza on the Hosur-Krishnagiri section of NH-44 in Tamil Nadu, demonstrating the company's success in key highway revenue collection and maintenance contracts.
About the Company
Hazoor Multi Projects Ltd. (HMPL) is a BSE-listed, diversified infrastructure and engineering company based in Mumbai, with core operations spanning highways, civil EPC works and shipyard services and now in the Oil and Gas Sector. Known for execution excellence and strategic clarity, HMPL has built a solid track record across capital-intensive, nationally significant projects. With a focus on scalable growth, recurring revenues and multi-vertical integration, HMPL is building a future-ready platform at the intersection of infrastructure, energy and industrial technology.
According to the Quarterly Results (Q2FY26), the company reported net sales of Rs 102.11 crore and a net loss of Rs 9.93 crore while in the half-yearly results (H1FY26), the company reported net sales of Rs 282.13 crore and a net profit of Rs 3.86 crore. Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore.
The company has a market cap of over Rs 800 crore. In September 2025, FIIs bought 55,72,348 shares and increased their stake to 23.84 per cent compared to June 2025. From Rs 0.30 to Rs 37 per share, the stock rocketed over 12,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.