The shares of this consultancy and advisory Services provider hit 5 percent upper circuit of Rs 116.30 per share after the company announced the acquisition of 2,04,030 Equity Shares of Boutonniere Hospitality Pvt Ltd.
With a market capitalization of Rs 500.42 crore, the shares of Intellivate Capital Ventures Ltd were trading at Rs 116.30 per share, increasing around 5 percent as compared to the previous closing of Rs 110.77 per share.
In a filing with the company, Intellivate Capital Ventures Ltd stated that it has acquired 2,04,030 fully paid-up equity shares with a face value of Rs 10 each through a private placement, issued at Rs 135 per share, this includes a premium of Rs 125 per share from Boutonniere Hospitality Pvt Ltd, which is a wholly-owned subsidiary of the company. Approximately Rs 2.75 crores have been invested in equity shares.
Looking into Intellivate Capital Ventures Ltd’s performance, revenue increased by 2,949 percent from Rs 1.19 Crore in Q2FY23 to Rs 36.29 Crore in Q2FY24. During the same duration, net profit increased by 18,858 percent from Rs 0.0048 crore to Rs 0.91 crore.
Intellivate Capital Ventures Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 16.3 percent and a return on capital employed (ROCE) of 15.18 percent.
The stock gave a 515.34 percent return in six months and a 900.00 percent return as of now. If an investor invests Rs 1 lakh in the company would be worth Rs 10.00 Lakh in a year.
Intellivate Capital Ventures Ltd’s recent shareholding pattern, The Promoters of the company owns 49.54 percent while Retail shareholders own a 50.47 percent stake in the company.
Intellivate Capital Ventures Ltd. provides funding to businesses in the information technology, media and entertainment, and financial services sectors as well as advisory services on a variety of financial and corporate issues. It also assists small and medium-sized businesses with their financial needs.
Written by:- Abhishek Singh
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