900 per cent multibagger returns & FIIs increase stake; Board announced stock split for first time ever!

The stock gave multibagger returns of 230 per cent in just 1 year and a whopping 900 per cent in 3 years.

OK Play India Ltd announced that the Board of Directors of the company had approved a stock split where each existing share with a face value of Rs 10 will be divided into 10 shares with a face value of Rs 1, essentially increasing the number of shares outstanding while maintaining the company's overall value. The authorized share capital of the company is Rs 40,00,00,000 consisting of 40 crore equity shares of Rs 1 each.

Today, shares of OK Play India Ltd gained 3.60 per cent to Rs 173.90 per share from its previous closing of Rs 167.85. The stock’s 52-week high is Rs 184.80 and its 52-week low is Rs 48

Earlier, the company successfully raised Rs 30,93,75,000 through a preferential issue of warrants. This round was led by Saint Capital Fund (an FII), along with 15 other investors. Notably, Saint Capital Fund received an allocation of 5,00,000 shares, representing a significant Rs 6.25 crore investment.

Furthermore, OK Play India has joined forces with MANN+HUMMEL, a global leader in filtration technology, to tackle India's air pollution crisis. This strategic partnership aims to improve air quality and benefit the health of millions of people through the distribution and installation of MANN+HUMMEL's cutting-edge Pure Air Mobile Fine Dust Particle Filter Roof Box. This innovative solution helps combat air pollution by capturing harmful fine dust particles from the air before they enter enclosed spaces. The filter's effectiveness is expected to significantly improve indoor air quality, particularly in areas with high levels of air pollution.

OK Play India boasts a market cap exceeding Rs 440 crore. OK Play India Ltd is a leading manufacturer of plastic moulded products in India, with two business segments: Toys and Automotive Components. The company's products are exported to over 60 countries around the world, and OK Play is a major player in the Indian toy industry.

In the December quarter 2023, FIIs have increased their stakes from 19.64 per cent to 19.95 per cent. The stock gave multibagger returns of 230 per cent in just 1 year and a whopping 900 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.