Penny Stock Under Rs 20 Jumps After Board Announces 11:50 Rights Issue of Shares

From Rs 11.82 (52-week low) to Rs 15.07 per share; the stock is up 27.5 per cent and gave multibagger returns of 480 per cent in 5 years.

On Wednesday, shares of SEPC Ltd jumped 3.6 per cent to Rs 15.07 per share from its previous closing of Rs 14.55 per share. The stock’s 52-week high is Rs 33.50 per share and its 52-week low is Rs 11.82 per share. The shares of the company saw a spurt in volume by more than 1.04 times on the BSE.

SEPC Ltd has announced a Rights Issue to raise up to Rs 35 crore through partly paid-up equity shares. The company's board approved the key terms on May 13, 2025, outlining an offering of 34,98,34,783 partly paid-up equity shares with a face value of Rs 10 each. The Rights Issue price is set at Rs 10 per share, and the payment will be split into two instalments: Rs 5 payable on application and the remaining Rs 5 on a subsequent First and Final Call. The Record Date, which determines shareholder eligibility for the Rights Issue, is Friday, May 23, 2025.

The Rights Issue will open for subscription on Monday, June 09, 2025, and close on Monday, June 23, 2025. Eligible shareholders, as of the Record Date, will be entitled to eleven (11) partly paid-up Rights Equity Shares for every fifty (50) fully paid-up Equity Shares they hold. This ratio indicates the proportion of new shares existing shareholders can subscribe to based on their current holdings. The total number of shares offered and the aggregate issue size are subject to full subscription and finalisation of the Basis of Allotment.

About the Company

Shriram EPC Ltd (SPEC) is a leading service provider of integrated design, engineering, procurement, construction, and project management services for water and waste-water treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing. Domestic Institutional Investors (DIIs) own a 25.16 per cent stake in the company and the majority of DIIs are Punjab National Bank (PNB), Central Bank of India, The South Indian Bank, Axis Bank, Bank of India (BOI), IndusInd Bank, Union Bank of India (UBOI), Bank of Baroda (BOB) and The Federal Bank Ltd.

SPEC has a market cap of over Rs 2,300 crore. From Rs 11.82 (52-week low) to Rs 15.07 per share; the stock is up 27.5 per cent and gave multibagger returns of 480 per cent in 5 years.

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