Multibagger Penny Stock Under Rs 70: BPO & KPO Company’s Board Allots 17,85,714 shares to Ovata Equity Strategies Master Fund
The stock is up by 30 per cent from its 52-week low of Rs 44.65 per share.
On Friday, shares of One Point One Solutions Limited plunged 0.15 per cent to Rs 58.14 per share from its previous closing of Rs 58.23 per share. The stock’s 52-week high is Rs 77.50 per share while its 52-week low is Rs 44.65 per share. The stock is up by 30 per cent from its 52-week low of Rs 44.65 per share.
One Point One Solutions Ltd. has issued 17,85,714 equity shares to OVATA EQUITY STRATEGIES MASTER FUND, a non-promoter entity, upon the conversion of an equal number of warrants allotted on a preferential basis. The warrants were allotted on September 5, 2024, and carried a right to subscribe to one equity share per warrant. The total amount received by the company from the conversion of these warrants is Rs 7,49,99,988. This allotment increases the company's paid-up share capital to Rs 51,44,57,178. The warrants had a tenure of 18 months, and any unexercised warrants have now lapsed.
Earlier, the company announced a strategic partnership with Everest Fleet, a prominent player in India's fleet management industry. This collaboration marks a significant stride for One Point One Solutions in the Travel & Fleet Management vertical, enabling the company to cater to the evolving needs of the transportation and logistics sector. As part of this engagement, One Point One Solutions will support Everest Fleet in its driver recruitment initiatives. Everest Fleet, a rapidly growing company founded in 2016, has established itself as a leader in fleet management services, operating a fleet of over 18,500 clean energy vehicles across major Indian cities. This partnership underscores the shared commitment of both companies to sustainable and efficient transportation solutions.
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About the Company
One Point One Solutions Ltd., a seasoned solutions provider with a 20-year history, specializes in BPO, KPO, IT Services, Technology & Transformation, and Analytics. The company offers a comprehensive suite of services, including technology, accounting, skill development, and analysis, catering to diverse industries such as banking, finance, retail, and healthcare. The recent acquisition of ITCube Solutions Pvt Limited has significantly expanded One Point One's global footprint, adding centres in Pune, Cincinnati, Ohio, and strengthening its presence in countries like the USA, UK, and India. Led by Founder-Chairman Akshay Chhabra, the company's 5600+ professionals deliver efficient services to over 50 clients, leveraging cutting-edge technologies like GenAI and intelligent automation to provide innovative solutions.
The company witnessed robust growth in the second quarter of the fiscal year 2025, with revenue surging 56.68 per cent year-on-year to Rs 62.48 crore from Rs 39.88 crore in the same period last year. Profit after tax (PAT) also climbed 41.32 per cent year-on-year to Rs 8.38 crore from Rs 5.93 crore. For the first half of the fiscal year, revenue grew 63.51 per cent year-on-year to Rs 123.63 crore, while PAT soared 82.74 per cent year-on-year to Rs 15.99 crore.
The company has a market cap of Rs 1,478 crore with an ROE of 22 per cent and an ROCE of 22 per cent. From Rs 10.43 per share to Rs 58.14 per share, the stock gave multibagger returns of 457 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.