Multibagger Stock which is the largest exporter of conductors in India, has launched a Qualified Institutional Placement (QIP) of upto Rs. 1,000 Crores for raising funds for the company.
At 1:08 p.m. the shares of Apar Industries Limited were trading at Rs. 5,590, down 1.63 percent from the previous day’s close price of Rs. 5,682.65, and its market capitalization is Rs. 21,446 Crores.
As per the company’s filing and sources, Apar Industries has approved and launched a qualified institution placement (QIP) to raise funds of upto Rs. 1,000 Crores, and the floor price for the issue is fixed at Rs. 5,540.33 per equity share
It has delivered multi-bagger returns of 282 percent in a year and 102 percent in the last six months. A shareholder’s investment of Rs. 1 lakh in the company would be Rs. 3.82 lakh in a year.
The company’s revenue grew 54.05 percent from Rs. 9,316.57 Crores in FY22 to Rs. 14,352.15 Crores in FY23, accompanied by increasing profits of Rs. 256.73 Crores to Rs. 637.72 Crores.
It has reported a return on equity (ROE) of 32.28 percent and a return on capital employed (ROCE) of 52.72 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold a 60.64 percent stake, Domestic Institutional Investors hold 17.05 percent and Foreign Institutional Investors hold 9.09 percent.
Apar Industries Limited is one of the leading manufacturers and suppliers of conductors, cables, specialty oils, polymers, and lubricants. It is the largest one-stop solution provider for the design, manufacturing, upgrading of transmission lines, and testing of conductors in the world.
Written by: Bharath K.S
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