Promoters bought 50,00,000 shares: Penny stock under Rs 60, Board allotted 3,79,944 equity shares to 2 non-promoters
From Rs 1.92 per share to Rs 64.75 per share, the stock gave multibagger returns of 3,272 per cent in 5 years.
One Point One Solutions Ltd’s Board of Directors, via a resolution passed on April 25, 2025, approved the conversion of 3,79,944 convertible warrants into an equal number of equity shares. These 3,79,944 equity shares have a face value of Rs 2 each and were allotted on a preferential basis. The company received an aggregate amount of Rs 80,70,010.56 at a rate of Rs 21.24 per warrant, representing 75 per cent of the issue price per warrant, under the SEBI (ICDR) Regulations, 2018.
Following this conversion, 57,45,000 warrants remain pending and can be converted into an equal number of equity shares upon payment of the remaining 75 per cent, which is Rs 21.24 per warrant, within 18 months from the initial warrant allotment date. Consequently, the paid-up capital of the Company has increased from Rs 52,49,94,310 (comprising 26,24,97,155 equity shares) to Rs 52,57,54,198 (consisting of 26,28,77,099 equity shares). The new equity shares will have the same ranking as the existing shares.
One Point One Solutions Ltd., a seasoned solutions provider with a 20-year history, specialises 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.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
The company demonstrated strong financial performance in both the third quarter and the nine-month period of FY25. Quarterly, total income increased significantly by 67.18 per cent year-on-year, reaching Rs 70.40 crore in Q3FY25 compared to Rs 42.11 crore in Q3FY24. Profit after tax (PAT) also saw substantial growth, rising by 41.21 per cent to Rs 8.43 crore. For the nine-month period, the company's total income reached Rs 196.55 crore, a 61.29 per cent increase from Rs 121.86 crore in 9MFY24. Similarly, PAT for the nine months grew by an impressive 65.90 per cent, reaching Rs 24.42 crore.
The stock’s 52-week high is Rs 77.50 per share while its 52-week low is Rs 41.01 per share. The stock is up by 58 per cent from its 52-week low of Rs 41.01 per share. In March 2025, Promoters bought 50,00,000 shares and increased their stake to 52.37 per cent compared to December 2025. The company has a market cap of over Rs 1,280 crore with an ROE of 22 per cent and an ROCE of 22 per cent. From Rs 1.92 per share to Rs 64.75 per share, the stock gave multibagger returns of 3,272 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.