### RRP Semiconductor's Meteoric 72,000% Rally: From Penny Stock to Billionaire-Maker, But at What Cost?
In the wild west of India's small-cap markets, few stories rival the absurdity and allure of RRP Semiconductor Ltd. What started as a sleepy trading firm has exploded into a ₹14,500 crore behemoth on paper, thanks to a jaw-dropping 72,000% stock surge over just 18 months. At the epicenter? An enigmatic investor named Rajendra Kamalakant Chodankar, whose 74.5% stake—acquired quietly—has ballooned from pennies to over ₹11,000 crore, catapulting him into billionaire status overnight. Yet, as the champagne pops (virtually), red flags wave: Rumors, low liquidity, and fundamentals that scream "bubble." On October 31, 2025, with shares hovering at ₹10,887 after a 2% intraday pop, this tale is equal parts fairy tale and cautionary fable.
#### The Unknown Investor's Jackpot: Who Is Rajendra Chodankar?
Little is publicly known about Chodankar, a low-profile figure from Maharashtra who first surfaced as a major buyer in mid-2024. Holding roughly 1.02 crore shares (74.5% of the 1.37 crore outstanding), his entry coincided with the stock's liftoff from ₹12-15 levels in April 2024. By October 30, 2025, that translated to a personal windfall exceeding ₹10,800 crore at peak prices—enough to join India's ultra-elite club. Curiously, Chodankar is classified as a "retail shareholder," not a promoter, despite his iron grip on ownership. This quirk has fueled whispers of regulatory arbitrage, as promoters face stricter disclosure norms. On X, netizens are buzzing: One viral thread dubbed it "the ultimate retail flex," while another quipped, "From obscurity to opulence—who needs a prospectus when you've got momentum?"
Chodankar's silence amplifies the mystery. No interviews, no victory laps—just filings showing his stake's relentless climb amid the frenzy. If cashed out today, it'd rival the net worth of mid-tier industrialists, but experts warn: Paper billionaires gonna paper burn if the house of cards topples.
#### From Trading Scraps to Semiconductor Dreams: RRP's Rebrand and Rocket Ride
RRP Semiconductor—formerly GD Trading Agencies Ltd, a Mumbai-based mini-dealer in fabrics and scraps since 1982—pivoted to "semiconductor design and manufacturing" in early 2024. The name change? A masterstroke in hype, tapping India's chip fever amid PLI schemes and global supply chain shifts. But substance lags: The firm designs "ASICs" (application-specific chips) for EVs and IoT, yet FY25 revenue clocked just ₹26.5 crore, with profits at ₹6.5 crore—peanuts against a ₹14,542 crore market cap.
The surge timeline is surreal:
- **April 2024**: ₹12-15/share (post-rebrand).
- **Oct 2024**: Hits ₹1,000 amid initial buzz.
- **Jan 2025**: Crosses ₹5,000 on rumor waves.
- **Oct 2025**: Peaks at ₹10,887, up 66,500-72,000% overall.
Low float (only ~4,000 shares in public hands) and thin trading volumes amplified every buy order into fireworks. BSE slapped it under "Enhanced Surveillance Measures" on October 20, 2025, urging caution as the price defied gravity.
#### Rumors on Steroids: The Hype Machine Behind the Madness
This isn't organic growth—it's rumor-fueled rocket fuel. Social media lit up with tales of celebrity backing and government largesse, debunked one by one:
- **Sachin Tendulkar Stake?** False—RRP clarified on October 13, 2025: "No association whatsoever."
- **100 Acres from Maharashtra Govt?** Nope—another flat denial.
- **Nvidia-Level Tech?** Satirical X posts mocked it as "India's secret chip king," but the company admitted on October 22: "Financials cannot support the rise from ₹10 to ₹9,000."
X erupted: A tongue-in-cheek post warning "₹10k to ₹69 lakhs in 18 months—don't copy their tech, it's too advanced" garnered 4.8k likes, highlighting the absurdity. Even ET Markets amplified the ET story, sparking debates on "social media's dark side in markets."
#### The Numbers: Glory or Gobbledygook?
A quick financial reality check reveals the disconnect:
| Metric | FY25 Value | Vs. Market Cap Insight |
|---------------------|---------------------|-----------------------------------------|
| **Revenue** | ₹26.5 crore | <0.2% of ₹14,542 Cr cap—tiny for semis. |
| **Net Profit** | ₹6.5 crore | P/E ratio: ~2,200x (insanely high). |
| **Book Value** | ₹12/share | Trading at 887x book—bubble territory. |
| **Promoter Holding**| 1.27% | Chodankar's "retail" 74.5% dominates. |
| **1-Year Return** | 12,551% | Outpaces Nifty's 25%—but unsustainable? |
Data from Screener shows pledged shares at zero, but the valuation screams overkill. Analysts like those at Moneycontrol call it a "rumor-rally raising eyebrows," with SEBI's shadow looming.
#### The Billionaire Glow-Up: Triumph or Trap?
For Chodankar, it's a dream turned delirium—₹11,000 crore richer, yet locked in a stock that's more meme than machine. Broader market echoes? Think Adani's 2022 surge (pre-Hindenburg) or Yes Bank's wild rides: Hype builds empires, but pops them faster. As of October 31, 2025, RRP trades in the red post-BSE alert, down 1% intraday, hinting at cracks.
Lesson? In India's bull run, fortune favors the bold—but verifies the basics. Chodankar's saga inspires envy and envy alone; retail punters, tread light. DYOR, or risk joining the 90% who chase sirens. What's your wildest stock story? Spill in the comments.
Rajendra Kamalakant Chodankar, practically unknown until a few months ago, has suddenly entered India’s billionaire club, thanks to an unbelievable rally in RRP Semiconductor Ltd. The stock has soared over 72,000% in just 18 months, turning what was once a low-key counter into one of the market’s most talked-about stories.On October 31, the stock touched a fresh lifetime high of Rs 10,887 on the NSE, rising another 2% intraday and taking the company’s market capitalisation past Rs 14,000 crore. Chodankar holds 74.5% of RRP’s equity — around 1.01 crore shares — giving him an estimated net worth of over Rs 11,000 crore based on Friday’s intraday high. Yet, curiously, despite holding such a commanding stake, Chodankar isn’t listed as a promoter. His name appears under the retail shareholder category, a puzzling detail for investors.
Little is known about Chodankar himself. His LinkedIn profile indicates he is a postgraduate from Mumbai University and previously served as chairman of a company called Mechvac Fabricators. Beyond that, there’s barely any digital footprint of him.
What’s even more intriguing is that the staggering rally in RRP Semiconductor’s shares has very little to do with business performance or any technological breakthrough. Instead, the stock’s rise appears to have been fuelled by a frenzy of social media rumours. Among the many unverified claims were that cricket legend Sachin Tendulkar had invested in the company, and that the Maharashtra government had allotted it 100 acres of land. The company has categorically denied both, clarifying that Tendulkar has no connection with RRP and no land has been allocated.
Other narratives suggested that RRP Semiconductor had received large chip orders under India’s semiconductor mission or had exports worth Rs 6.15 crore — claims the company also refuted. In fact, in a statement to the BSE on October 14, the company admitted that its financial performance did not justify the kind of rally seen in its shares. “The company puts on record that only around 4,000 shares are in demat mode with public shareholders, and certain persons trading in the market in unethical ways have become detrimental to the reputation of the company,” it said.
Its annual report shows that Chodankar was appointed as a non-executive additional director, having earlier loaned Rs 8 crore to the company in FY25 at 8% interest. In May 2024, shareholders approved issuing over one crore shares to him at Rs 12 apiece, effectively handing him control of nearly three-fourths of the firm.
