Multibagger stock: RDB Infra shares rally 4% as board okays NSE debut proposal via Direct Listing

RDB Infra Shares To List On NSE: Shares of RDB Infrastructure and Power are in focus today after the company announced plans to debut on the National Stock Exchange (NSE). BSE-listed RDB Infra shares opened in the green at Rs 65.38 versus the previous close of Rs 64.18 and went on to make an intraday high of Rs 66.98, up 4.36 per cent. Around noon, the counter traded firmly in the green to quote at Rs 66.20. RDB Infra shares are gaining for the last two consecutive trading sessions and moving higher than 5-day, 50-day, 100-day and 200-day moving averages but lower than 20-day moving averages.RDB Infrastructure and Power is engaged primarily in the business of real estate construction, development and other related activities. Besides, it is also engaged in the power sector.RDB Infra To List On NSEIn an exchange filing, the company said that the "Board of Directors in their meeting held on February 3, subject to fulfilment of eligibility criteria and receipt of necessary approvals, have approved the proposal to for listing of the Company’s equity shares on NSE, Direct Listing.""This proposed NSE listing represents a natural progression in Company’s growth journey and underlines management’s confidence in the Company’s business model, governance standards, and long-term growth prospects. The Company remains committed to creating sustainable value for all stakeholders while pursuing new opportunities that align with its strategic vision," the filing read.What Is Direct Listing?A direct listing is a way for a companies to list their existing shares on a stock exchange without issuing new shares or raising fresh capital. The method is usually faster and seen as a cheaper alternative to an IPO route.In the second quarter of current financial year (Q2 FY26), RDB Infrastructure and Power had reported nearly 80 per cent rise in net profit to Rs 3.05 crore. Its revenue from operations stood at Rs 18.50 crore, down more than 40 per cent on YoY basis.As per BSE analytics, the smallcap stock has delivered solid returns in the recent years. In one year, the counter has jumped 20 per cent. It has delivered a multibagger return of more than 400 per cent in two years. In three and five years, the stock has skyrocketed 1,500 per cent and 4,000 per cent, respectively.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)