10:1 Stock Split: Multibagger Solar Penny Stock Below Rs 60; Company Allots 2,48,00,000 Equity Shares on Conversion of Warrants

The stock gave multibagger returns of 240 per cent in just 1 year and a whopping 2,700 per cent in 5 years.

RDB Infrastructure and Power Limited has successfully increased its equity share capital to Rs 19,76,34,000 by converting 2.48 crore warrants into equivalent equity shares through a preferential allotment. These warrants, initially allotted on November 27, 2024, at Rs 10.125 each, have now been fully converted upon receipt of the remaining Rs 30.375 per warrant, bringing the total issue price to Rs 40.5 per share (including a premium of Rs 39.5). This conversion generated an aggregate of Rs 75,33,00,000 for the company from 16 investors, with the new equity shares ranking pari-passu with existing ones.

Additionally, the company has formalised a collaboration with Bigbull Infrabuild Private Limited through a Memorandum of Understanding. This agreement outlines the joint development of a Commercial/multi-storied Retirement Housing Project on RDB Infrastructure's 2.8375-acre land parcel situated in Sector-70A, Village Palra, Sub-Tehsil Badshahpur, Gurgaon, Haryana. While the specific size of the agreement is not disclosed, key terms include a revenue-sharing model where RDB Infrastructure will receive 31.5 per cent and Bigbull Infrabuild will receive 68.5 per cent. Additionally, RDB Infrastructure retains certain special rights, such as the ability to appoint directors, a first right to share subscription in case of future issuances, and the right to restrict alterations to the capital structure.

About the Company

RDB Infrastructure and Power Limited (formerly known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.

According to Quarterly Results, the company reported net sales of Rs 20.34 crore in Q4FY25 compared to net sales of Rs 36.50 crore in Q4FY24. In Q4FY25, the company reported a turnaround net profit of Rs 1.16 crore compared to a net loss of Rs 0.09 crore in Q4FY24, an increase of 1,189 per cent. In its annual results, the net sales increased by 60 per cent to Rs 107.71 crore and net profit increased by 105 per cent to Rs 5.54 crore in FY25 compared to FY24.

The company's shares ex-traded a 10:1 stock split of its equity shares. This means each existing Rs 10 face-value equity share will be divided into 10 equity shares of Re 1 each. The ex-date for the stock split was Friday, February 28, 2025. The stock’s 52-week high is Rs 62.68 per share and its 52-week low is Rs 13.67 per share. The company has a market cap of over Rs 900 crore, with promoters holding 70.42 per cent stake, FIIs holding 0.29 per cent and the pubic owning 29.29 per cent stake. The stock gave multibagger returns of 240 per cent in just 1 year and a whopping 2,700 per cent in 5 years.

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