200 per cent multibagger returns from its 52-week low of Rs 20.35: Company unveils plans for growth; share capital increase and equity offering!

From Rs 4.59 per share to Rs 62.54 per share, the stock gave multibagger returns of 1,263 per cent in 3 years.

Today, shares of One Point One Solutions Limited gained 1.62 per cent to Rs 62.54 per share from its previous closing of Rs 61.54. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 20.35 per share.

Following previous announcements on June 20th and 24th, 2024, the company's Board of Directors met on June 26th. Here are the key decisions:

• Increase in Authorized Share Capital: The Board proposes to raise the company's authorized share capital from Rs 50 crore to Rs 70 crore. This requires shareholder and regulatory approval. Amending the company's Memorandum of Association (MOA) will be necessary.
• Issuance of Equity Shares and Warrants: Subject to shareholder and regulatory approvals, the Board has approved issuing and allotting a total of 3,75,94,502 equity shares and 1,67,85,714 equity warrants, each with a face value of Rs 2. These will be offered to specific promoters and non-promoters for Rs 56 per share/warrant (including a premium of Rs 54). The total consideration could reach ₹304.53 crore. All issuances will comply with relevant regulations under the Companies Act, 2013, SEBI regulations, and other applicable laws.

One Point One Solutions, a full-service provider in business process outsourcing (BPO), knowledge process outsourcing (KPO), IT services, technology transformation, and analytics since 2006, offers comprehensive solutions across technology, accounting, skill development, and data analysis. In a major 2024 business expansion move, they acquired a significant stake in ITCube Solutions Pvt Ltd., a leading IT and BPM/KPO services company headquartered in both Pune, India and Cincinnati, Ohio, for Rs 84 crore. They have a strong presence across the USA, England, Netherlands, Germany, the Middle East, Southeast Asia, and Australia, serving a wide range of clients in various sectors.

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According to Quarterly Results, the net sales increased by 37.6 per cent to Rs 53.29 crore, EBITDA increased by 33.2 per cent to Rs 15.53 crore and net profit increased by 125.8 per cent to Rs 6.66 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 21.4 per cent to Rs 175.16 crore, EBITDA increased by 53 per cent to Rs 56.76 crore and net profit increased by 145.5 per cent to Rs 21.38 crore in FY24 compared to FY23. The EPS for FY24 stood at Rs 1.06.   

According to March 2024 shareholding, the promoters of the company bought over 5 per cent stake and increased their stake to 67.79 per cent compared to 62.67 per cent in December 2024. Additionally, BNP Paribas Financial Markets bought 9,86,663 shares at Rs 54.8 per share aggregating to Rs 5.41 crore in March 2024. BNP Paribas Financial Markets is owned by BNP Paribas Group. From Rs 4.59 per share to Rs 62.54 per share, the stock gave multibagger returns of 1,263 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.