Multibagger Potential: BCL Industries shares stand out as one of the multibagger stocks that the Indian stock market has delivered in 2023. Year-to-date (YTD), the share price of BCL Industries has surged from approximately ₹32.40 to ₹66.90 per share, marking an impressive rise of around 105% during this period. BCL Industries made a disclosure to the Indian stock market on Wednesday regarding the allocation of preferential shares. Following this announcement, BCL Industries shares attracted buying interest in morning trading sessions, as the decision is expected to facilitate fundraising for the company. Preferential Share Allotment by BCL Industries In its communication to Indian stock exchanges regarding preferential share allotment, BCL Industries stated, "This is in furtherance to the intimation given by the Company on 04th March, 2023, with respect to the allotment of 54,66,334 (Fifty-Four Lakhs Sixty-Six Thousand Three Hundred Thirty-Four) warrants, each convertible into equity shares with a face value of Rs. 10/- each ('Warrants') at an issue price ('Warrant Issue Price') of Rs. 360.00 each. After the receipt of the subscription amount, which is 25% of the issue price from the allottees on a preferential basis and subsequent to the stock split effective from 27/10/2023, all warrant allottees are eligible to receive 10 shares allotted against the conversion of each warrant they have subscribed."