1,470% Rally in Five Years: Excel Realty N Infra Plans ₹500 Crore Fundraise via QIP

1,470% Rally in Five Years: Excel Realty N Infra Plans ₹500 Crore Fundraise via QIP

Shares of Excel Realty N Infra, a multibagger penny stock priced below ₹2, will attract investor attention on Monday, September 1, following the company’s announcement of a ₹500 crore fundraising initiative.

In a post-market filing on Friday, the company stated that its Board of Directors approved the issuance of equity shares through a Qualified Institutional Placement (QIP) amounting to ₹500 crore. Excel Realty N Infra, with a market capitalization of nearly ₹200 crore, noted that the proposal is subject to approval from its shareholders and any other required regulatory or statutory authorities.

The total number of securities to be issued will be determined after the issue price is fixed at the time of issuance.

Share Price Performance

Despite broader market weakness, Excel Realty N Infra closed higher ahead of the board meeting outcome, settling at ₹1.41, up 1.44% on the BSE on Friday.

The stock has delivered exceptional returns over various time frames. In the past six months, it has gained 85%, while its year-to-date performance stands at 13%. Over the last year, the stock has appreciated 78%, and in the longer term, it has emerged as a multibagger, rising 303% over two years and 1,467% in five years.

Excel Realty N Infra hit its 52-week high of ₹1.86 on November 27, 2024, and a 52-week low of ₹0.65 on May 12, 2025.

Prev Article
HAL, BEL to Bharat Dynamics: Which Defence Stocks to Buy Amid Trump Tariff Tension
Next Article
Stock Market Holidays in September: BSE and NSE Trading Schedule

Related to this topic: