Multibagger IT Penny Stock Under Rs 30: Company Enters Esports Arena: With a Bold Vision to Build India’s Most Rewarding Competitive Gaming Ecosystem

The company has a market cap of over Rs 600 crore and the stock gave multibagger returns of 448 per cent from its 52-week low of Rs 5.42 per share with a PE of 215x.

On Friday, shares of Colab Cloud Platforms Limited hit a 5 per cent upper circuit to Rs 29.71 per cent to Rs 140.85 per share from its previous closing of Rs 28.30 per share. The stock’s 52-week high is Rs 76.81 per share and its 52-week low is Rs 5.42 per share.

Colab Platforms Limited, a leading sports tech and gaming company listed on the BSE, has officially entered the billion-dollar Esports market with the ambitious goal of establishing India's most rewarding competitive gaming ecosystem. This strategic move aligns with the global recognition of Esports, including its inclusion in the Asian Games and ongoing discussions for Olympic recognition, signalling its emergence as a sport of the future. India, with its vast base of over 594 million online gamers and a youthful population, is poised to become a global Esports hub, with the sector projected to contribute over Rs 1100 crore to the Indian economy by 2025. To further drive sports-tech innovation, Colab Platforms has also launched a Rs 250 million accelerator program.

Colab Esports' entry into the arena capitalises on India's booming gaming industry, which reached Rs 6,715 crore in 2024 and is forecast to exceed Rs 10,487 crore by 2026, demonstrating a significant compounded annual growth rate of 24 per cent. The company aims to build a player-first, transparent, and skill-based Esports infrastructure for India's digital-first generation, catering to both casual and professional gamers. This initiative will focus on nurturing aspiring players, enabling them to train, compete, and grow, ultimately aiming to cultivate a new generation of digital athletes capable of competing in global leagues and representing India on the international stage.

Leveraging Colab's robust digital and operational ecosystem, the platform will offer low-entry, high-frequency competitive formats, creator-led tournaments, and proprietary game servers, initially launching with Counter-Strike 2 (CS2) and progressively expanding to include AAA and mobile titles. This venture into Esports seamlessly integrates with Colab's broader vision of creating a comprehensive 360° sports ecosystem, encompassing sports commerce, athlete development, fan engagement tools, and sports-tech innovation. Furthermore, it will synergise with existing initiatives such as Colab's Sports Innovation Accelerator for Esports startups, co-branded streamer partnerships, and future expansions into mobile Esports, VR arenas, and gamified fitness formats, all of which are bolstered by government recognition of Esports and growing corporate and academic interest.

About the Company

Colab Cloud Platforms Limited, a top 2000 company listed on the Bombay Stock Exchange, is a key player in delivering innovative technological solutions across diverse sectors. The company leverages its expertise in advanced technologies to foster growth and enhance user experiences, specialising in customised, technology-based processing solutions designed to help clients achieve and surpass their objectives. Recognising India's ascent as a global technology hub, Colab Cloud Platforms harnesses the nation's rich pool of talented professionals to significantly contribute to the broader professional community.

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 over Rs 600 crore and the stock gave multibagger returns of 448 per cent from its 52-week low of Rs 5.42 per share with a PE of 215x.

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