Man Infraconstruction Soars 1380% in 5 Years; Warrant Boost Puts Stock in Focus for July 14

Shares of Mumbai-based infrastructure player Man Infraconstruction are set to remain in focus on Monday, July 14, after the company announced a significant equity infusion through the conversion of warrants worth ₹34.48 crore. The development signals fresh investor interest and raises the company’s paid-up capital, paving the way for additional future capital inflows through pending warrant conversions.

Board Approves ₹34.48 Crore Warrant Conversion

Man Infraconstruction Ltd informed the exchanges that its Allotment Committee approved the allotment of 29,66,220 equity shares upon the conversion of an equal number of convertible warrants. The decision was made during the committee’s meeting held on July 11, 2025.

• Issue Price per Warrant: ₹155

• Conversion Payment Made: ₹116.25 per warrant (75% of issue price)

• Total Amount Raised: ₹34.48 crore

The equity shares, each of face value ₹2, were issued on a preferential basis to warrant holders who opted for conversion and made the requisite payment. The newly allotted shares will rank pari-passu with existing equity shares in terms of dividend rights and other benefits.

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Paid-Up Capital Rises to ₹77.56 Crore; More Warrants Outstanding

Following the allotment, Man Infraconstruction’s paid-up share capital increased to ₹77.56 crore, comprising 38,77,84,925 equity shares of ₹2 each, up from the previous ₹76.96 crore. This reflects the company’s ongoing process to shore up its capital structure amid operational growth.

Significantly, 1,85,11,580 convertible warrants remain outstanding. These warrant holders are eligible to convert their holdings into equity shares by paying the remaining ₹116.25 per warrant within 18 months of allotment.

This provides a future capital infusion potential of over ₹215 crore, assuming full conversion, which may be critical for funding upcoming projects or strengthening the balance sheet.

Man Infraconstruction: A Multibagger Real Estate & Infra Play

Man Infraconstruction, headquartered in Mumbai, is a prominent player in the engineering, procurement, and construction (EPC) domain, with business interests in real estate, port infrastructure, and urban development. The company has become a notable multibagger, attracting investor attention over the past several years.

Stock Performance Snapshot:

• Closing Price (July 11): ₹182.10 per share

• 1-Week Performance: ▼ 3.19%

• 1-Year Performance: ▼ 9.54%

• Quarterly Gain: ▲ 25.28%

• 5-Year Gain: ▲ 1384.11%

The company’s sharp long-term rally has been supported by increased real estate execution in Mumbai and selective asset monetisation, although short-term volatility and warrant-related dilution have affected near-term sentiment.

Market Implications Ahead of July 14

Market participants will watch Man Infraconstruction closely on Monday, July 14, given the capital infusion and the remaining large base of outstanding warrants. The equity issuance may lead to short-term dilution concerns, but is broadly seen as positive due to its contribution toward future growth capital.

Given the multibagger credentials and continued capital inflows, the stock could attract renewed institutional and retail interest if it sustains momentum post the warrant conversion news.

Moreover, the warrant price of ₹155—significantly lower than the current market price—may act as a psychological floor and signal investor confidence in the company’s long-term potential.

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• Man Infraconstruction Stock Price