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RRP Semiconductor Soars to ₹10,673 as BSE Keeps Stock Under Tight Surveillance

A tiny free float alongside a concentrated stake has turbocharged swings disconnected from its modest finances.

Overview

  • The share price touched ₹10,673 on October 30 on the BSE, lifting market value past ₹14,541 crore after a roughly 12,800% 52‑week jump.
  • BSE has the counter under Enhanced Surveillance Measures since October 20, enforcing trade-for-trade settlement, a ±2% daily band, 100% margin and periodic call auctions.
  • Nearly 99% of equity is locked until March 2026, leaving about 4,000 shares tradable and resulting in scant liquidity, with only 71 shares changing hands on Thursday.
  • Rajendra Kamalakant Chodankar holds about 74.5% via a May 2024 preferential allotment at ₹12 per share, a stake now valued at over ₹9,000 crore on paper.
  • RRP Semiconductor reported FY25 revenue of ₹31.59 crore and net profit of about ₹8.4 crore, recorded zero revenue in the June 2025 quarter, denied high-profile rumors and says it has started legal action over false claims.