Man Infraconstruction Converts 29.66 Lakh Warrants into Equity Shares, Expands Capital Base by ₹34.48 Crore

Man Infraconstruction Ltd has approved the conversion of 29,66,220 convertible warrants into equity shares, raising ₹34.48 crore through preferential allotment. The move strengthens the company’s financial position and signals continued investor confidence in its infrastructure and real estate growth strategy.

 

Key Highlights:

 

Each warrant was converted at ₹116.25, representing 75 percent of the issue price of ₹155 per warrant.

 

The newly issued equity shares have a face value of ₹2 and will rank pari-passu with existing shares in terms of dividend and voting rights.

 

Post conversion, the company’s paid-up share capital has increased from ₹76.96 crore to ₹77.56 crore, totaling over 38.77 crore equity shares.

 

Strategic Context:

 

The conversion follows the exercise of rights by warrant holders and reflects strong institutional interest in the company’s long-term prospects.

 

Man Infraconstruction still holds 1.85 crore outstanding warrants, which may be converted within 18 months, potentially bringing in an additional ₹215 crore.

 

The capital infusion is expected to support working capital needs and future EPC and real estate projects.

 

Market Outlook:

 

The stock has delivered a 1384 percent return over five years, positioning it as a multibagger in the mid-cap realty space.

 

Despite short-term volatility, analysts view the move as a positive signal for future fundraising and project execution.

 

Sources: MSN Money, Times Now, Business Standard, DSIJ, IndiaTV News (July 2025)