RRP Semiconductor Gains 66,500% on Rumours; Rajendra Chodankar Becomes a Billionaire

On October 30, 2025, the market witnessed a dramatic surge in RRP Semiconductor shares, a rally that has turned a previously shadowy investor into a billionaire and stunned participants across India’s financial landscape.

Rising RRP Semiconductor Share Price 

On October 30, 2025, RRP Semiconductor shares surged 66,500%, hitting ₹10,673 and pushing the market cap beyond ₹14,541 crore. The jump propelled Rajendra Chodankar, holding 74.5% of the shares, into billionaire territory with a net worth exceeding ₹9,000 crore.

Rumour‑Driven Momentum

The rally was not based on new financials but on circulating rumours such as an alleged investment by cricket legend Sachin Tendulkar and a supposed land allotment by the Maharashtra government. The company has denied both claims, stating there is no association or land received.

Read More: RRP Semiconductor Clarifies No Role in Government Semiconductor Mission!

Locked‑in Float and Legal Action

RRP’s float is extremely thin, with 99% of shares locked until Mar 31, 2026 and only about 4,000 shares available for trading. The company has accused “unethical manipulation” and is pursuing legal action against parties spreading false information and exploiting its name.

Background and Financial Performance

The firm, formerly G D Trading & Agencies, rebranded as RRP Semiconductor to align with India’s semiconductor push. Revenue rose to ₹31.6 crore in FY25 from ₹38 lakh, while net profit swung to ₹8.47 crore from a loss of ₹1.7 lakh. The June quarter recorded no revenue and a loss of ₹29 lakh versus ₹1.6 crore in March.

RRP Semiconductor Share Price Performance

On October 31, 2025, RRP Semiconductor share price opened at ₹10,887.10 on BSE, above the previous close of ₹10,673.65. The stock is trading at ₹10,887.10 as of 12:39 PM. The stock registered a moderate gain of 2.00%.

Over the past week, it has moved up by 8.24%, over the past month, it has moved up by 48.59%, and over the past 3 months, it has moved up by 241.27%.

Conclusion

RRP Semiconductor’s 66,500% surge, driven by rumours and an ultra‑tight float, has lifted Rajendra Chodankar’s wealth to over ₹9,000 crore, marking a striking case of market dynamics and speculative frenzies in India’s growing chip sector.

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