1600% multibagger returns: Penny stock hit upper circuit & 52-week high as company to acquire 51% stake in Indiaoneonline Synergies Ltd

On Tuesday, shares of Colab Cloud Platforms Limited hit a 2 per cent upper circuit to Rs 93.05 per cent from its previous closing of Rs 91.23 per share. The stock also made a 52-week high of Rs 93.05 per share and its 52-week low is Rs 5.42 per share.

Colab Platforms Ltd. has announced its plan to acquire a 51 per cent majority stake in Indiaoneonline Synergies Ltd. This strategic move aims to position Colab Platforms at the centre of India's rapidly expanding digital economy, which is projected to exceed a trillion dollars by 2030. The acquisition will allow Colab to leverage IndiaOne's technology expertise and accelerate the scaling of its products, including e-commerce enablement tools, digital distribution, and logistics technology. The deal is expected to create a unique growth platform that aligns with government initiatives for digital adoption and sports development.

This acquisition is a key part of Colab Platforms' diversification strategy, expanding its presence beyond its existing sports and esports ventures into the broader digital technology sector. By integrating its capital strength and market access with IndiaOne's innovation engine, Colab plans to drive sustainable and profitable growth. The company intends to focus on several key priorities upon completion of the acquisition, including geographic expansion into new Indian states and select international markets, forging high-value partnerships, and enhancing capital efficiency and profit margins.

“This agreement marks a transformational leap forward for Colab Platforms,” said Mr. Puneet Singh, Managing Director of Colab Platforms Limited. “With Indiaoneonline, we are entering one of the fastest-expanding sectors of the Indian economy. The combination of our scale, credibility, and diversified presence with IndiaOne’s product innovation will enable us to capture significant market share and establish Colab as a serious force in India’s digital future.”

About the Company

Colab Platforms Limited is a publicly traded company on the Bombay Stock Exchange, specialising in innovative technological solutions across multiple sectors. The company leverages its expertise in advanced technologies to deliver growth and improve user experiences. Focused on providing customised, technology-based processing solutions, Colab Platforms helps clients meet their objectives. The company is committed to contributing to India's professional community by harnessing the country's diverse and talented workforce, solidifying its role in India's emergence as a global technology hub.

The shares of the company ex-traded stock split on Wednesday, May 21, 2025, for a two-for-one stock split, subdividing each equity share with a face value of Rs 2 into two equity shares with a face value of Re 1 each. The company has a market cap of Rs 1,898.22 crore and the stock gave multibagger returns of over 1,600 per cent from its 52-week low of Rs 5.42 per share; an investment of Rs 1 lakh turns Rs 17.17 lakh.

Disclaimer: The article is for informational purposes only and not investment advice.