RRP Semiconductor stock surge makes unknown investor a billionaire
An investor holding three-quarters of a small Indian electronics firm became a paper billionaire after the company’s shares jumped 66,500 percent during 18 months of frenzied trading. Rajendra Kamalkant Chodankar holds 74.5 percent of RRP Semiconductor Limited through roughly 10.2 million shares valued at over 9,000 crore rupees following a peak price reaching 10,887.10 rupees per share on the Bombay Stock Exchange on Thursday, Oct. 31.
The Mumbai-area company denied rumors driving the stock surge, dismissing claims that cricket star Sachin Tendulkar invested in the business or that Maharashtra state allocated 100 acres for operations. Management acknowledged that financial fundamentals failed to justify share prices climbing from 10 rupees to 10,000 rupees. About 99 percent of outstanding stock remains locked until March 2026, leaving approximately 4,000 shares available for public trading. This scarcity created conditions for speculation, according to company statements alleging that unethical trading practices artificially inflated values.
Chodankar provided an eight-crore-rupee loan carrying eight percent interest during fiscal 2025. Shareholders approved issuing more than one crore shares at 12 rupees each last May, with six crore rupees offsetting the debt. The formerly modest trading operation rebranded itself around semiconductor manufacturing ambitions aligned with government incentive programs.
