191 Per Cent Multibagger Returns From 52-Week Low; Board Announces 1:2 Rights Issue of Shares; Complete Details Inside
The company has a market cap of Rs 60 crore and the stock gave multibagger returns of 191 per cent from its 52-week low of Rs 57 per share.
The Board of Directors of Alan Scott Enterprises Ltd (formerly known as Alan Scott Industries Ltd) held on Thursday, April 24, 2025, several matters were approved, including a rights issue with a record date of Friday, May 02, 2025, and a rights entitlement ratio of 1 (one) rights equity share for every 2 (two) fully paid equity shares held by existing shareholders; the outstanding equity shares prior to the rights issue were 36,31,727 and post rights issue are assumed to be 54,47,590; the rights issue period spans from the issue opening date of Thursday, May 15, 2025, to the last date of market renunciation on Friday, May 23, 2025, and the issue closing date of Thursday, May 29, 2025; the total number of equity shares and rights issue size is 18,15,863 equity shares of face value Rs 10 and a premium of Rs 30 each, for an aggregate amount not exceeding Rs 726.34 lakh; the rights issue price is Ra 40 including Rs 30 as share premium; and the rights entitlement ratio is 1:2.
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Incorporated in 1994, Alan Scott Industries Ltd. focuses on the manufacturing of health and hygiene products catering to both hospital and home use. Their product portfolio highlights innovation with items like the "5 petals AIR purifier+," which employs eight technologies to achieve a high 99.9% protection rate against airborne viruses, bacteria, fungi, and yeasts. Additionally, they offer the "5 Petals O2 Concentrator," a supplemental oxygen device with a capacity ranging from 8 to 25 litres per minute and delivering a high oxygen purity of 90-95 per cent. Their clientele includes notable organisations such as Larsen & Toubro, Som Capital, Rubix, Thought Bridge HR, Verstech, Sunicon and Sanjivani Parentrals.
On Thursday, shares of Alan Scott Enterprises Ltd hit a 10 per cent upper circuit to Rs 166 per share from its previous closing of Rs 150.95 per share. The stock’s 52-week high is Rs 253.55 per share and its 52-week low is Rs 57 per share. The company has a market cap of Rs 60 crore and the stock gave multibagger returns of 191 per cent from its 52-week low of Rs 57 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.