VL E-Governance Share Crash: Issue Undersubscribed, Price Plunges **90%**!

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AuthorVihaan Mehta|Published at:
VL E-Governance Share Crash: Issue Undersubscribed, Price Plunges **90%**!
Overview

Arre bhai, VL E-Governance ke investors ke liye buri khabar hai! Inka share price seedha **90%** gir gaya hai. Reason? Jo paisa jama karne ka plan tha, woh hua hi nahi poora, aur ab promoter holding bhi kam ho gayi hai.

So, CARE Ratings ki jo nayi report aayi hai na, woh VL E-Governance & IT Solutions ke liye ekdum bad news hai. Inka jo plan tha paisa raise karne ka, woh poora hi nahi hua! Matlab, jo preferential issue tha woh undersubscribed raha. Pehle ₹630 crore jama karne ka plan tha, lekin usko hata kar sirf ₹400.99 crore karna pada. Iska matlab market mein utna interest nahi dikha jitna company chahti thi.

Ab dekho paisa use kaise ho raha hai. December 31, 2025 tak, company ko ₹114.31 crore hi mile the, aur usme se bhi sirf ₹111.08 crore hi use kiye gaye. Yaani, paisa lagane ki speed ekdum slow motion mein hai. Is quarter mein toh sirf ₹4.39 crore hi employ hue hain.

Aur sabse badi baat, share price ka kya hua? Company ka stock jo kabhi peak par tha, ab wahan se 90% niche gir gaya hai! December 31, 2025 ko toh share ₹19.51 par chal raha tha, jabki jahan se warrants issue hue the woh price tha ₹75. Toh soch lo, kitna bada difference hai! Isse investors ka bharosa toot jata hai.

Uske upar se, promoters ka share holding bhi kam ho gaya hai. Pehle 33.16% tha, ab 23.24% ho gaya hai. Aur agar warrants convert ho gaye, toh yeh 15.81% tak ja sakta hai. Promoter holding ka itna dilution hona bhi ek warning sign hai.

Company ne jo projects ke liye paisa rakha tha, usme bhi changes kiye hain. E-governance projects ke liye ₹50 crore se ₹30 crore kar diye. Aur 'Strategic Investment' ke liye ₹150 crore se ₹75 crore kar diye. CARE Ratings toh keh rahi hai ki in projects ki viability par sawaal hai, aur paisa use karne mein deri ho rahi hai toh implementation mein bhi delays ho sakte hain.

Toh overall, situation yehi hai ki fund raising mein dikkat, paisa use karne mein der, share price ka crash, aur promoter holding ka kam hona – sab milkar company ke liye mushkil khadi kar rahe hain. Investors ko ab dhyan rakhna padega ki company projects kaise complete karti hai aur future mein kya steps uthati hai.

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