Debt-free penny stock under Re 1: Company to Raise Rs 200 Crore via QIP; Acquires 30% Stake in WEXL Edu at Over Rs 500 Crore Valuation
The company has a market cap of Rs 18 crore and as of March 2025, it is debt-free.
Hyderabad-based Small-Cap fintech company GACM Technologies Ltd has announced its plan to raise up to Rs 200 crore through a Qualified Institutional Placement (QIP). The company’s board will meet on July 9, 2025, to consider and approve the issuance of securities in one or more tranches under applicable provisions of the Companies Act, 2013.
In a strategic move aimed at diversification, GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in WEXL Edu Private Limited, a fast-growing AI-driven EdTech and education data firm. The projected valuation of the deal exceeds Rs 500 crore, positioning WEXL among India’s leading players in the AI-EdTech space.
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WEXL Edu holds a confirmed order book of over Rs 30 crore, including Rs 25 crore from the Delhi Government and Rs 5 crore from the Tamil Nadu Government. The company is in advanced discussions with the CBSE for a Rs 200+ crore tender-based AI deployment across 30,000+ schools nationwide. WEXL also maintains five registered patents in AI-based academic solutions such as subjective answer correction and offline AI learning systems.
The acquisition offers GACM a strategic gateway into India’s high-growth EdTech and GovTech sectors. The partnership aligns with the objectives of the National Education Policy (NEP) and Digital India vision by supporting AI-powered educational transformation. It will enable GACM to leverage WEXL’s existing platform to create real-time cognitive learning tools and expand into data monetization and AI-driven service bundling.
For the financial year FY2024-25, GACM Technologies reported a 264 per cent year-on-year rise in net profit to Rs 4.12 crore. Sales rose 82.9 per cent to Rs 13.66 crore, while EBITDA doubled to Rs 5.94 crore, resulting in a margin of 43.5 per cent. These strong Quarterly Results reflect the company’s improving financial performance amid strategic expansion.
Earlier, on June 14, 2025, the Rights Issue Committee approved the allotment of 42.21 crore Rights Equity Shares and 7.14 crore Rights Equity DVR shares at Rs 1 per share, aggregating to Rs 49.36 crore.
WEXL Edu aims to empower over 100,000 schools globally in the next five years through its Gen Alpha Learning Ecosystem. The partnership sets the stage for both companies to achieve scale and innovation in AI-led education.
Disclaimer: The article is for informational purposes only and not investment advice.