Multibagger IT Enabled Stock Rallies After Approving Warrants Into Equity Shares

Small cap company from IT Enabled sector, One Point One Solutions Ltd shares hit fresh 52-week high in trade today. Last trading price of One Point One Solutions share on BSE is Rs 55.15 apiece with intraday fall of 0.81%. One Point One Solutions shares surged 7.85% in last 2-weeks only and rose 244% in last 1-year.

The company recently approved conversion of select warrants into equity shares.
One Point One Solutions has a market capitalisation of Rs 1134.43 crore.

Conversion Of 2,00,001 Warrants Into Equal Number Of Equity Shares Of One Point One Solutions: As per the exchange filing, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that members of the Board of Directors of the Company through resolution by circulation on December 30, 2023, considered and approved the conversion of 2,00,001 (Two Lakh One) convertible warrants into 2,00,001 (Two Lakh One) equity shares of face value of Rs.2/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 42,48,021.24/- (Rupees Forty-two Lakh Forty-eight Thousand Twenty-one and Twenty-four Paisa only) at the rate of Rs. 21.24 (Rupees Twenty-One and Paise Twenty-Four Only) per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees along with name of warrant holders whose warrants are pending for conversion is enclosed as Annexure-I."

One Point One Solutions Stock Performance & Return: The 52-week high price of One Point One Solutions share is 58.20 apiece and 52-week low price is Rs 14.90 per share, respectively. One Point One Solutions shares gained 53% in last 3-months, soared 1950% in last 3-years, and gave return of 1060% in last 5-years.

About: One Point One Solutions is specialized in the business of customer life cycle management, business process management and technology servicing. The company provides solutions to a wide variety of industries including banking and finance, telecom, insurance, consumer durables and FMCG, e-commerce, retail, and more.

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