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Small-cap stock below ₹5 intends to become zero-debt company by end of FY24

Small-cap stock below ₹5: Mauritius-based FII-backed company aims to become debt-free in FY24

Small-cap stock below ₹5: Mauritius-based FII-backed company aims to become debt-free in FY24
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Vikas EcoTech shares surge 6% after strong business updates

Vikas Ecotech is expanding its business portfolio by manufacturing steel pipes and MDPE pipes and the company recently forayed into the real-estate segment.

Vikas Ecotech approves closure of QIP issue, finalises shares allotment

According to Vikas Ecotech's exchange filing, the committee determined and approved, in accordance with the SEBI ICDR Regulations, the issue price at Rs 2.80 per equity share (including a premium of Rs 1.80 per equity share), which is at a discount of Rs 0.12 per equity share i.e. 4 per cent to the floor price of Rs 2.92 per equity share to be allotted to the eligible qualified institutional buyers in the present tranche., Markets News, Times Now

Vikas EcoTech raises Rs 50 crore via QIP route; stock gains

The company has allotted a total of 17.85 crore equity shares to eligible qualified institutional buyers at the given issue price, amounting to Rs 49.98 crore.

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