Mulitbagger Stock under Rs 100: Company Announces Rs 49.25 Crore Rights Issue with 94.71 Lakh Shares at Rs 52 Each
With a PE ratio of 43.6x, the company trades at a premium compared to the industry PE of 11.6x. The company has ROCE of 15.4 per cent and ROE of 15.8 per cent.
Bio Green Papers Limited has announced the outcome of its Rights Issue Committee meeting, held on 15th March 2025. The committee approved the issuance of 94,71,445 equity shares through a Rights Issue at a price of Rs 52 per share, which includes a premium of Rs 42. The total size of the Rights Issue is Rs 49.25 crore, assuming full subscription. Eligible shareholders will receive 67 Rights Equity Shares for every 83 fully paid-up shares they hold as of the record date. This decision follows the Board of Directors' earlier authorization on 24th January 2025 and the subsequent in-principle approval by BSE Limited on 4th March 2025.
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Bio Green Papers Limited is a company involved in the paper industry, with its registered office located in Hyderabad, Telangana. As of 11th March 2025, the company's stock is trading at Rs 86.43, which is also its 52-week high, while the 52-week low stands at Rs 23.22. The company has a market capitalization of approximately Rs 924.46 crore. Bio Green Papers Limited is part of the broader ecosystem of String Metaverse, a Web3 startup focusing on integrating finance, games, and the Metaverse. The shares of the company have logged 138 per cent multibagger returns in the last one year.
As of December 2024, the shareholding pattern shows that promoters hold 89.02 per cent, while the public holds 10.97 per cent. Compared to previous quarters, there has been a significant increase in promoter shareholding from 25.57 per cent in March 2021 to the current level, leading to a corresponding decline in public shareholding.
With a PE ratio of 43.6x, the company trades at a premium compared to the industry PE of 11.6x. The company has ROCE of 15.4 per cent and ROE of 15.8 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.