GACM Technologies completes ₹49.50-crore QIP, stock rises 4.6%

GACM Technologies completed its ₹49.50-crore QIP, with 49.50 crore equity shares allotted at ₹1 per share. Four overseas institutional investors subscribed to the entire issue, representing approximately 29% of the company’s equity. The stock rose 4.60% to ₹0.91. FY26 consolidated revenue grew 57%, while PAT increased 108%, with the company reporting 12 consecutive profitable quarters.

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