GP Petroleums to acquire 22.45% of IPTPL. GP Petroleums Limited
GP Petroleums (GULFPETRO) said it has agreed a deal to acquire 22.45% of IPTPL. The company is valued at about ₹335 crore.
What happened
In a filing with the BSE on 11 November 2026 at 08:17 PM, GP Petroleums (GULFPETRO) said that it has agreed a deal to acquire 22.45% of IPTPL. GP Petroleums Limited.
From the filing: "GP Petroleums Limited has executed a Share Purchase agreement with Incubit Pipavav Terminal Private Limited and its selling shareholders for the acquisition of 22.45% stake in IPTPL."
Company snapshot
GP Petroleums is a micro-cap company, with a market value of about ₹335 crore.
The stock last traded at ₹65.66, against a 52-week range of ₹23.25–₹72.73 (9.7% below the high).
Before this filing the shares had moved +6.5% over the month and +5.7% over three months. Average daily turnover over the last 20 sessions was about ₹1.09 crore.
Promoters held 37.05% at the end of Q2 FY27. Foreign institutions owned 0.90% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 152 | 5.5 | 1.07 |
| Q3 FY26 | 169 | 5.2 | 1.03 |
| Q4 FY26 | 163 | 9.3 | 1.83 |
| Q1 FY27 | 230 | 20.6 | 4.04 |
| Q2 FY27 | 341 | 14.7 | 2.87 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 4.6% on average the next trading day and was down 2.3% on average after five days (2 filings with price data).
Market-wide, 2,441 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 50% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 13 Oct 2026 | Outcome of the Board Meeting held on October 13, 2026 | +10.2% | — |
| 26 Aug 2026 | 'Execution of Exclusivity Agreement with Incubit DMCC '. | −0.9% | −2.3% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.