ASM Technologies Hits Record High On Fresh Fundraise

ASM Technologies !ASMTEC hit an all-time high of Rs 6,990 this week, rallying as much as 10.2% intraday, after its board approved a preferential issue worth Rs 525.99 crore. What The Board Approved The company will issue up to 10.78 lakh equity shares, each with a face value of Rs 10, at a price of Rs 4,875 per share. The stock eventually closed the session around 3% higher at Rs 6,521, valuing the company at a market capitalisation of roughly Rs 9,512 crore. Who's Backing The Raise Non-promoter investors in the preferential issue include Derive Trading and Resorts Pvt Ltd, an entity associated with Radhakishan Damani, the promoter of Avenue Supermarts and one of India's best-known stock market investors. Asha Mukul Agrawal is also participating; her husband, investor Mukul Agrawal, already holds a stake in the company separately from this transaction. Why This Draws Attention When well-known, successful investors put fresh capital into a company via a preferential allotment, it is often read by the broader market as a vote of confidence, since these investors are choosing to buy in at a specific negotiated price rather than through the open market. Recent Stock Performance ASM Technologies shares have gained around 35% over the past month and delivered roughly 104% returns so far this year, reflecting a broader re-rating of the stock well before this latest announcement. Business Context ASM Technologies is a global engineering services and technology solutions company, with promoter entities holding around 57.65% of the company as of the end of the June 2026 quarter, ahead of this dilutive fundraise.