Penny Stock Surges Over 7% Following Acquisition Update, Investors Take Notice

SEPC Share Price Surges 7% on Acquisition Announcement

On Tuesday, March 24, SEPC's share price jumped 7.09% to ₹4.98 apiece on the BSE, following the company's announcement of acquiring a majority stake in Avenir International Engineers and Consultants LLC, an Abu Dhabi-based engineering services company.

SEPC, an EPC solutions provider, has acquired a 90% equity stake in Avenir International through a share swap arrangement, valuing the deal at approximately 90% of AED 708 million (₹1,530 crore). The transaction is expected to be completed within six months, subject to necessary approvals from lenders and shareholders.

Avenir International specializes in Oil & Gas Engineering, Front-End Engineering Design (FEED), and Project Management Consultancy (PMC), with a strong presence in the MENA region and a robust order book of approximately AED 500 million. The company has established client relationships with leading entities such as ADNOC and DEWA.

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The acquisition is expected to enable SEPC's entry into the global Oil & Gas EPC and consulting ecosystem, strengthen its international execution capabilities and geographic diversification, and create a scalable platform for growth in the MENA region.

Recent Financial Performance

• 2024: Turnover of AED 73.93 million (₹171.89 crore)
• 2023: Turnover of AED 69.17 million (₹156.73 crore)
• 2022: Turnover of AED 31.91 million (₹71.92 crore)

SEPC Share Price Performance

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• One month: Declined 40%
• Year-to-date (YTD): Plunged 52%
• Six months: Slumped 63%
• One year: Fallen 68%
• Two years: Tanked 71%
• Three years: Fallen 57%