Penny Stock Approves Fund Raising Via Rights Issue, Shares Zoom 797% In 2-Yrs

Small cap company operating under Plastic Products industry, Captain Pipes Ltd will remain in focus on Monday after the Board Of Directors approved raising of funds via rights issue for an amount not exceeding Rs 50 crore.

Last trading price of Captain Pipes shares on BSE is Rs 19.20 per share with intraday gain of 0.79%. The company has a market capitalisation of Rs 283.60 crore. Captain Pipes shares fell 7% in last 1-year and rose 2682% in last 3-years. Check details below:

Captain Pipes Gives Nod To Fund Raising Via Rights Issue: As per the BSE filing of Captain Pipes dated January 27, 2024, "Board Of Directors in its meeting dated 27.01.2024 has approved raising of fund by way of issue of equity shares of the face value of Re 1/- each through right basis for an amount not exceeding Rs 50 crores to the eligible equity shareholders of the company as on the record date."

Captain Pipes Stock Split, Bonus Share In 2023: The company declared 1:10 stock split and 2:1 bonus share in 2023 and ex-date was fixed as March 3, 2023.
Captain Pipes Ltd Stock Performance & Return: The 52-week high price of Captain Pipes shares on BSE is Rs 35.79 apiece and 52-week low is Rs 18.25 apiece, respectively. Captain Pipes shares declined 29% in last 6-months, rose 797% in last 2-years, and offered return of 1555% in last 5-years.

Captain Pipes Ltd About: Captain is a leading manufacturer and exporter of PVC pipes. It offers a complete range of piping solution for application in agriculture, plumbing and drainage. Its products include uPVC Column Pipes, Borewell pipes, uPVC Pressure Pipes, uPVC Pressure Fittings, etc. It offers quality plumbing pipes and fittings.

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