On Tuesday the share price of the small-cap company rose by 5.6 percent to its 52-week high of Rs 291 per share from its previous close of Rs 275.45 after the company announced it raising funds of Rs 200 crores through Qualified Institutional Placement (QIP).
In the filling of Capacite Infraprojects Ltd, the company board has approved the launch of the Qualified Institutional Placement (QIP) issue on Monday, January 8, 2024.
According to the CNBC-TV18 report, Capacite Infraprojects Limited plans to raise Rs 200 crore through a Qualified Institutional Placement (QIP) with a base size of Rs 150 crore and a green shoe option. The floor price is set at Rs 264.89 with a potential additional 5 percent discount.
In addition, on January 11, the final price and eligible institutions will be determined. The indicative price is Rs 251.65, representing an 8.7 percent discount and a 7.8 percent equity dilution.
Following the completion of the QIP, promoters will be subject to a 60-day lock-in period. Furthermore, IIFL Securities will serve as the sole book-running lead manager for this offering. This initiative builds on a resolution passed by shareholders in May 2023.
Their net revenue fell by 2 percent year on year, from Rs 431 crore in Q2FY23 to Rs 422 crore in Q2FY24. Also, the net profit dropped by 9 percent year over year, from Rs 22 crores in Q2FY23 to Rs 20 crores in Q2FY24.
The company has a low price-to-earnings ratio of 25 compared to its peers, with a low debt-to-equity ratio of 0.34, a return on equity of 9.4 percent, a return on capital employed of 16 percent, and a net profit margin of 5.3 percent.
Capacite Infraprojects Ltd is a small-cap company with a market capitalization of Rs 2,100 crores, the share price of the company rose by 33 percent in the last six months and 75 percent in the last year.
The promoter owns 38 percent of the company, the general public owns 49 percent, foreign institutional investors own 7 percent, and domestic institutional investors own 6 percent.
Capacit’e Infraprojects Limited specializes in Engineering, Procurement, and Construction (EPC) and offers turnkey solutions for housing, high rises, super high rises, specialty buildings, and urban infrastructure. These services are provided by the company to leading real estate and government bodies in India.
Written by Sriram KV
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