Back-to-Back Lower Circuits in This Multibagger Penny Stock Under Rs 20; Board Announces 1:1 Rights Issue of Shares

The stock is up by 13.6 per cent from its 52-week low and has given multibagger returns of 740 per cent in 5 years.

Trans India House Impex Limited, formerly known as IO System Limited, is moving forward with its previously approved rights issue. Following the Board of Directors' meeting on May 30, 2024, where the issuance of fully paid-up equity shares to raise up to Rs 49.50 crore was sanctioned, the Rights Issue Committee convened Saturday, May 03, 2025. In this meeting, the committee considered and approved the key terms for this rights issue, setting the stage for the offering.

The rights issue will involve up to 3,55,26,000 fully paid-up equity shares, each with a face value of Rs 10, offered at an issue price of Rs 13.90 per share (including a premium of Rs 3.90). This translates to a total issue size of up to Rs 49.38 crore with the full amount payable upon application. The record date to determine eligible shareholders for the rights entitlement is set for May 8, 2025. The rights issue will open on Tuesday, May 27, 2025, and close on Tuesday, June 17, 2025, with the last date for market renunciations being Wednesday, June 11, 2025. The rights entitlement ratio is fixed at 1 new equity share for every 1 existing equity share held on the record date, with the provision for renunciation. The ISIN for the rights entitlement will be communicated separately.

Established in 1987, Trans India House Impex Ltd operates as a service-focused export trading company, providing comprehensive end-to-end solutions for importers and exporters. Their service portfolio encompasses a wide range of logistics offerings, including shipping and forwarding, cargo clearance, port and terminal services, multimodal logistics, warehousing, empty yard management, and acting as a shipping agent. Additionally, the company engages in merchant trading, sourcing, storing, blending, and delivering commodities across the globe. Their product profile includes ceramic tiles, dehydrated food products, textiles, and packaging materials.

On Friday, shares of Trans India House Impex Limited hit a 2 per cent lower circuit to Rs 13.60 per share from its previous closing of Rs 13.87 per share. In the recent trading sessions, the stock has been hitting back-to-back lower circuits. The stock is up by 13.6 per cent from its 52-week low and has given multibagger returns of 740 per cent in 5 years.

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