Madhusudan Kela Bought 65,15,506 Shares of This Multibagger Small-Cap Stock; Hit Upper Circuit & 52-Week High on November 14
The stock gave multibagger returns of 210 per cent in just 1 year and a whopping 1,200 per cent in 5 years.
On Thursday, shares of this multibagger Small-Cap company, hit a 5 per cent upper circuit and made a new 52-week high of Rs 290.20 per share from its previous closing of Rs 276.40 per share. At the closing bell, shares of the company were trading at Rs 270.70 per share, down 2.06 per cent with a spurt in volume by more than 1.81 times on BSE.
The stock name is WINDSOR MACHINES LTD.
Windsor Machines Ltd., a prominent player in the plastic processing machinery industry, was established in 1963. The company specializes in manufacturing a wide range of high-quality machines, including injection molding, pipe extrusion, and blown film equipment. These machines find applications across various sectors such as household goods, healthcare, automotive, agriculture, and packaging, catering to diverse needs and industries.
The Company proposes to issue up to 11,727,910 equity shares of face value Rs 2 each at a premium of Rs 189.85 per share to certain identified persons through a preferential issue. This issuance, subject to necessary approvals, will be made in accordance with relevant provisions of the Companies Act, 2013, the Securities and Exchange Board of India regulations, and other applicable laws. The proposed allottees include Madhusudan Kela, Ramesh Keshubhai Siyani (Promoter Group), Mithun Sacheti, and Siddhartha Sacheti, who will acquire 65,15,506; 26,06,202; 13,03,101 and 13,03,101 shares, respectively, for a total consideration of Rs 125 crore, Rs 50 crore, Rs 25 crore and Rs 25 crore.
The company proposes to issue up to 2,60,62,027 fully convertible warrants to certain identified persons on a preferential basis. Each warrant can be converted into one equity share of face value Rs 2 at a price of Rs 191.85. Investors will pay 25 per cent of the warrant issue price at the time of allotment, with the remaining 75 per cent payable upon exercise. The proposed allottees include Vinit Bediya, Ramesh Keshubhai Siyani (Promoter Group), Hitendrabhai Patel, and Dharmendra Varsada, who will receive up to 1,04,24,811; 78,18,608; 58,63,956 and 19,54,652 warrants, respectively, for a total consideration of up to Rs 500 crore. This issuance is subject to shareholder and regulatory approvals and will be conducted in accordance with applicable laws and regulations.
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The company has a market cap of over Rs 1,700 crore and has been maintaining a healthy dividend payout of 129 per cent. The stock gave multibagger returns of 210 per cent in just 1 year and a whopping 1,200 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.