Within the uncommon occasion of the world of crypto investing intersecting with Dalal Road, a little-known multibagger micro-cap firm — Jetking Infotrain — used the funds it raised from inventory market buyers to purchase bitcoins.
Jetking Infotrain knowledgeable the exchanges on Might 28 that the ₹6 crore it raised via a preferential concern has been utilised to purchase the world’s largest crypto token, Bitcoin.
As a part of its fundraising plan, the micro-cap agency, having a market capitalisation of simply ₹79 crore, raised ₹6.10 crore through allotment of three,96,156 fairness shares at a value of ₹154 every.
The corporate said that the capital raised was used to accumulate digital digital belongings (i.e., Bitcoin), in step with the permitted goals of the preferential concern.
Jetking’s bitcoin holdings
The corporate mentioned as of March 31, 2025, it held 15.06 Bitcoins.
“Subsequent to the preferential concern and thru deployment of each the problem proceeds and inner accruals from working money flows, the corporate has additional elevated its Bitcoin holdings,” the microcap firm advised exchanges.
With this, it now holds 21 Bitcoins, acquired at a mean buy value of ₹64.65 lakh, amounting to ₹13.57 crore.
Circuit-to-circuit inventory
Jetking Infotrain inventory tends to maneuver in higher and decrease circuits. In most periods throughout Might, the inventory has both been locked within the 2% higher circuit or a 2% decrease circuit.
In commerce right this moment, Might 29, the micro-cap inventory was locked within the 2% higher circuit at ₹133.60 on the BSE. This was the second straight day of features for the inventory. Previous to this, Jetkind Infotrain’s share value was caught within the cheaper price band for seven straight periods.
Within the final one 12 months, Jetking Infotrain has emerged to be a multibagger inventory, rising 143%.
The inventory sees low volumes, with the two-week common traded amount on BSE of simply 5900 shares. Right this moment, 4156 shares of Jetking Infotrain modified fingers.
Jetking Infotrain Ltd is engaged within the enterprise of IT Coaching in {Hardware}, Networking and Digital programs.
Disclaimer: This story is for instructional functions solely. The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to test with licensed specialists earlier than making any funding selections.
