Small-cap Airline Company’s QIP Sees Strong Demand, Attracts Top Investors Including Madhu Kela, Akash Bhanshali and More!

The company’s shares have delivered a return of over 22 per cent in the past 3 months.

SpiceJet Ltd received a strong investor response to its qualified institutional placement (QIP), with prominent investors, including Madhu Kela’s family office, subscribing to the issue, according to sources. While the airline aimed to raise approximately Rs 3,000 crore through the QIP, offers surpassed this target, reflecting confidence in the company’s growth potential.

Other key investors participating in the QIP include the family offices of Akash Bhanshali, Sanjay Dangi, and Rohit Kothari, alongside Discovery Fund, Plutus, Jupiter Fund Management, Think Investments, and Tata Mutual Fund.

On Thursday, the shares of SpiceJet Ltd are trading at around Rs 65.50 per share on the BSE. The company’s current market capitalization stands at Rs 5225.58 crore. Additionally, the shares have delivered a 22 per cent return in the past 3 months.

As per the Quarterly Results, in the Q1 FY25, SpiceJet Ltd recorded a revenue of Rs 1696 crore compared to Rs 2002 crore. The operating profit stood at Rs 150 crore. The net profit stood at Rs 150 crore compared to a profit of Rs 205 crore.

According to the shareholding pattern of the company, the promoters hold a significant 47.67 per cent stake. Public investors own 45.48 per cent stake, while Foreign Institutional Investors (FIIs) hold 1.81 per cent and Domestic Institutional Investors (DIIs) own 5.05 per cent.

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Investors must keep this Small-Cap company on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.