The opening transactions on Tuesday saw a 5% increase in the share price of multi-bagger GPT Infraprojects. GPT Infraprojects’ stock price increased to ₹192.95, representing gains of more than 5%, after opening at ₹186.85 on the BSE, over 1.7% higher than the previous closing of ₹183.80.
Investors have received multi-bagger returns from GPT Infraprojects’ share price, which has increased by about 370% in a year and more than 2000% in five years.
A capital-raising method called QIP (Qualified Institutional Placement) will be launched by GPT Infraprojects, with a floor price of ₹183.83 per share. A discount of up to 5% on the floor price may be offered by GPT Infraprojects.
The Qualified Institutions placement of Equity Shares of Face Value ₹ 10 each by GPT Infraprojects Limited was approved by the Board of Directors meeting on August 26.
The infrastructure company GPT Infraprojects, based in Kolkata, stated in a filing with the exchanges that its Board of Directors has approved the opening of the proposed issue of a certain number of Equity Shares to qualified institutional buyers who meet the requirements of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 for qualified institutions.
Additionally, the company stated that it may, at its discretion, offer a discount of no more than 5% (five per cent) on the Floor Price thus computed for the QIP by Regulation 176(1) of the SEBI ICDR Regulations.
Reiterating its promise to compensate shareholders, GPT Infraprojects completed the bonus issuance in the amount of one equity share for each equity share that the shareholders had during the April–June quarter. In the previous three years, this was the company’s second bonus issuance.
However, the April–June quarter saw modest revenue growth of about 2%, mostly as a result of the Lok Sabha Election 2024 influencing project executions.
With ₹17.5 crores in Q1 FY ’25, GPT Infraprojects’ standalone net profit increased by 12.2% from ₹15.6 crores in Q1 FY ’24. Lower interest rates also had a role in this, as standalone earnings before interest tax, depreciation, and amortisation (EBITDA) increased by about 6% annually.
