Multibagger AI-Stock Hit All-Time High as Company Secures Rs 420.51 Crore in Strategic Investment to Propel Growth as India’s Leading AI-First Hyperscaler
The stock gave multibagger returns of 136 per cent in just 6 months, 604 per cent in 1 year and a whopping 7,490 per cent in 5 years.
E2E Networks Ltd (NSE: E2E), a leading AI-First and MeitY-empanelled Cloud Platform in India, announced the successful closure of a strategic investment round, securing Rs 420.51 crore through a preferential issue of equity shares. This significant capital infusion underscores E2E Networks' commitment to advancing India’s AI/ML Cloud Platform, empowering enterprises, startups and institutions across the nation.
The Board of Directors approved the preferential issue of up to 24,81,592 equity shares at an issue price of Rs 1,694.50 per share, raising an aggregate amount of Rs 420,50,57,644 (Rs 420.51 crore). This investment comes from a diverse group of investors, including key members of the promoter group and a wide array of public investors. The funds will be deployed to accelerate the growth of E2E Networks’ AI-First Cloud Platform, enhancing its capability to support advanced machine learning and AI-driven applications.
With this strategic capital infusion, E2E Networks is poised to further solidify its position as the cloud platform of choice for India’s burgeoning tech ecosystem. The India-born company plans to invest in expanding its accelerated cloud infrastructure, focusing on next-generation cloud GPUs and GPU clusters, which are critical for AI and machine learning workloads. This will enable E2E Networks to support the scaling needs of startups, enterprises, the public sector and research institutions as they navigate the era of generative AI and machine learning. This investment will also further strengthen E2E Networks’ cloud platform, particularly through the enhancement of TIR, a cutting-edge low-code AI development platform.
The preferential allotment includes significant contributions from both the promoter group and public investors, reflecting strong confidence in E2E Networks’ strategic direction and growth potential. Key investors include prominent figures and institutional entities known for backing high-growth tech ventures. This equity capital raise was exclusively advised by InCred Capital, the Investment Banking arm of InCred Group.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About E2E Networks Ltd.
E2E Cloud is an NSE-listed, MeitY-empanelled AI-focused cloud provider. The company offers advanced cloud GPUs such as HGX H100, A100, and L4OS, along with high-end InfiniBand-powered configurations like 64xH100 and 256xH100. E2E Cloud also features an advanced AI development platform, TIR, enabling developers to train and deploy foundational AI models. Serving nearly 3000 customers, E2E Cloud is recognized as one of the most highly rated cloud providers in India.
On Thursday, shares of E2E Networks Ltd jumped 5 per cent upper circuit and made an all-time high of Rs 2,504.90 per share from its previous closing of Rs 2,385.65. The company has a market cap of Rs 3,629.7 crore with an ROE of 37 per cent and an ROCE of 25 per cent. The stock gave multibagger returns of 136 per cent in just 6 months, 604 per cent in 1 year and a whopping 7,490 per cent in 5 years. Investors should keep this AI-stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.