On the occasion of Diwali, many people invest in different places. Some invest money in property and some in gold. The stock market is also not untouched by this. But one share turned out to be the father of them all. Which made investors billionaires in one stroke. This is not a joke. The share named Alcid Investment has made such a jump that at present it has become the most expensive share in the country. Yes, this smallcap share has not only left MRF’s share behind but has almost doubled its value at present.
If we calculate by looking at the BSE data, if someone had invested Rs 1 lakh, he would have become a billionaire in the current situation. Yes, Alcid solution worth Rs 1 lakh has been converted into Rs 670 crore. Let us also tell you how much that share was worth earlier and how much it is worth now. How much percent rise has been seen in this stock in one day? Also, how has this share increased the value of investment of Rs 1 lakh to Rs 670 crore?
67 lakh percent increase
On Tuesday, the shares of Alcid Solution created a stir in the entire country. Yes, the company’s shares saw an increase of 67 lakh percent in a single day. After which the share of Rs 3.53 became worth more than Rs 2.36 lakh. Such a huge rise has rarely been seen in the history of the stock market. Stock market experts are considering this rise as a historical rise, which has destroyed all the records. After such a huge rise, this stock is being discussed all over the country.
670 crore rupees made from one lakh
Even though no trading in its shares has been seen in the stock market for a long time. But such a rise has come in it, if an investor had invested Rs 1 lakh in this share, its value would have been Rs 670 crore. Let us try to understand this with an example. If an investor had invested Rs 1 lakh at Rs 3.53 per share, he would have held 28,329 shares. Now that the price of one share has increased to more than Rs 2.36 lakh, the value of these shares would have been Rs 670 crore. This means that the investor would have become a millionaire from a millionaire in one stroke.
what does the company do
Alcide Investments Limited is a Non-Banking Finance Company i.e. NBFC registered with the Reserve Bank of India (RBI) under the category of Investment Company. It is also part of the promoter group of Asian Paints Limited and is promoted by Arvind Vakil of the Vakil family, who was one of the 4 partners who started Asian Paints Limited. It also has 2 wholly owned subsidiaries. Murahar Investments & Trading Co Ltd and Suptswar Investments & Trading Co Ltd hold 0.60 per cent and 0.68 per cent stake, respectively, in Asian Paints.
According to the available information, as per the annual report for FY 2023, Alcide Investments Limited has 2.83 crore shares as investment in Asian Paints Limited, which has an estimated value of Rs 8,494.16 crore. Apart from this it also has several investments in well-known companies like Brainbees Solutions Private Limited, which holds 1.34 lakh equity shares, Corona Limited, Farm Enterprises Limited, Indian Aluminum Company, Resins and Plastics Limited and many others.
attempt to be delisted
After SEBI mandated a minimum public shareholding of 25 per cent in listed companies, but not wanting to increase public shareholding, in February 2013 the company attempted to delist the shares at Rs 11,455 per share. It failed due to delisting. According to the information, most of the minority shareholders refused to sell their shares in the company at the price at which they were asked to sell. Out of 40,750 shares, only 16,500 shares were accepted by the minority shareholders as per the promoters’ advice. After this, Alcide Investments Limited was forced to make an offer for sale (OFS) to the public by selling 4.75 percent stake in the company consisting of 9500 shares.
trade was not happening
However, the shares of Alcide Investments Limited are not liquid and were not available for trading as the actual value of the shares was up to Rs 4,00,000 per equity share. After which no one was ready to sell shares in the exchange-traded market, and the price was stuck at around Rs 3. Following the above events on October 29, 2024, the equity shares of Alcide Investments Limited were revalued on the Indian Stock Exchanges, taking the share price to Rs 2,36,250 per equity share. After which the company’s share became the most expensive stock in the country.
7 names included in the promoter board of the company
Seven prominent names have emerged on the promoter board of Alcide Investments Limited. Which includes Amrita Vakil, Varun Vakil, Deepika Vakil, Mahesh Vakil, Mahesh Dalal, Ketan Kapadia, Bharat Talati and Essaji Ghulam Vahanvati. Of the seven people, Amrita Vakil, Varun Vakil and Deepika Vakil, who are part of the promoter board of Alcide Investments Ltd, are also part of the board of directors/promoter board of Asian Paints Ltd.
