AVI Polymers Hits Upper Circuit for 13th Day, Plans ₹500 Crore Fundraise
Small-cap stock under ₹50 hits upper circuit for 13th straight session, declares ₹500 crore fundraise move
Mint
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AVI Polymers, a small-cap stock, reached its upper circuit limit for the 13th consecutive session, closing at ₹20.95. The company plans to raise approximately ₹500 crore through various capital-raising options, aiming to support growth and diversification into technology sectors.
- 01AVI Polymers locked at 5% upper circuit limit for 13 straight sessions.
- 02Plans to raise ₹500 crore through options like Qualified Institutional Placement.
- 03Reported significant revenue growth of 13.6% in Q4 FY26.
- 04Net profit surged 46.1% to ₹10.24 crore in the same quarter.
- 05Stock rebounded 64% from an April low of ₹10.61.
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AVI Polymers, a small-cap stock, has been locked at its 5% upper circuit limit for 13 consecutive sessions, closing at ₹20.95 on May 4. The company announced plans to consider a fundraise of approximately ₹500 crore during a Board meeting scheduled for May 7. This fundraise will explore options such as Qualified Institutional Placement (QIP) and private placements, subject to regulatory approvals. In its recent financial results for Q4 FY26, AVI Polymers reported a 13.6% quarter-on-quarter revenue increase to ₹150.28 crore and a 46.1% rise in net profit to ₹10.24 crore. The company aims to expand its business into technology sectors, supported by its two subsidiaries, KrishiBuddy and VI Health AI. The stock has rebounded 64% from its April low of ₹10.61, reflecting a strong recovery after earlier volatility.
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The proposed fundraise could enhance AVI Polymers' operational capabilities and support its growth strategy, potentially benefiting shareholders and investors.
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