Penny Stock Under Rs 5; Company to raise Rs 200 crore via QIP, FCCB or Rights issue for growth opportunity Penny Stock Under Rs 5; Company to raise Rs 200 crore via QIP, FCCB or Rights issue for growth opportunity Its Board of Directors has approved a resolution to raise funds up to Rs 200 crore through various modes, including QIP, FCCB, FPO, and Rights Issue, to finance growth opportunities. Kiran Shroff / Friday, December 20, 2024 / Article rating: 4.0 Earlier, the company partnered with DRDO to commercialize groundbreaking biodegradable granule technology for eco-friendly packaging.