Vijay Kedia is buying a stake in smallcap SPML Infra through a bulk deal

Top investor Vijay Kedia has acquired a stake in small infrastructure company SPML Infra in a bulk deal, stock market data shows. Kedia Securities bought 14,98,107 shares of SPML Infra at a price of Rs 167 per share. The transaction values ​​the purchase at approximately Rs 25 crore. SPML Infra is a small cap stock with a market capitalization of around Rs 1,373 crore.SPML Infra has a relatively high public shareholding, with approximately 62% of the share capital held by public shareholders, while promoters hold the remaining 38%. The company has seen increased investor interest in recent months, amid a broader uptick in select infrastructure and water management businesses.

SPML Infra is an infrastructure development company with more than four decades of expertise in the energy, water, environment and technology sectors. With a pan-India presence, SPML has implemented over 700 projects, creating critical infrastructure including drinking water facilities, wastewater treatment, integrated sewerage networks, municipal waste management, power transmission and distribution, substations, rural electrification and smart city solutions.

The SPML company has also contributed to the provision of clean drinking water to more than 50 million people in urban and rural areas. The order book is diversified across urban and rural projects, making the returns somewhat visible.

Like many EPC players, SPML Infra’s performance has traditionally been linked to execution efficiency, working capital management and timely payments by government agencies. Investors typically keep a close eye on debt levels, cash flows and order inflows for such companies.

Vijay Kedia is known for investing in mid- and small-sized companies with long-term growth potential, often backing companies that he believes can benefit from structural themes over time. His entry into SPML Infra in a bulk deal is likely to keep the stock on investors’ radar in the near term.