- Shares Explode: RRP Semiconductor Ltd. (BSE: 504346) has seen its stock price jump from around ₹10 at listing (Apr 2024) to over ₹9,000 by Oct 2025 – an astonishing ~57,000% gain [1] [2]. On Oct 14 it hit a record ₹8,584 (up 2% that day) [3] [4], delivering roughly a 4,528% year-to-date return [5].
- Tendulkar NOT an Investor: In an official BSE/NSE filing (Oct 14), RRP Semiconductor expressly denied all rumors linking legendary cricketer Sachin Tendulkar to the company. It stated that Tendulkar has “never subscribed any shares of the company” and is not a shareholder, board member, advisor or brand ambassador [6] [7]. In short, Tendulkar “is no way connected” to RRP Semiconductor [8].
- No Land Grant: The company also refuted claims that it received a 100-acre land allotment from the Maharashtra government. The filing says RRP Semiconductor “has not got any 100 Acres of land from the Govt. of Maharashtra” [9]. Indeed, the stock mania has far outpaced the business – RRP admitted its financials “could not support” a move from ₹10 to ₹9,000 [10].
- Tight Share Float: Only about 4,000 RRP shares are held by public investors (in dematerialized form) [11]. The rest (≈99% of capital) was issued via a preferential allotment and is locked-in until March 31, 2026 [12]. No promoter or executive trades have occurred. In effect, a tiny float is fueling the frenzy.
- Rumor-Mongers Blamed: RRP’s board accused “certain persons” of trading “in un-ethical ways” and spreading misinformation that is “detrimental” to the firm and to Tendulkar’s name [13]. The company says it will take legal action against any intermediaries circulating these false claims [14].
- Separate RRP Electronics: Importantly, Sachin Tendulkar is indeed involved in the chip sector – but with a different company. RRP Electronics Ltd. (no stock ticker) is a Tendulkar-backed semiconductor packaging firm. That company has secured 100 acres in Navi Mumbai to build a ₹12,000 crore chip fabrication plant, as part of India’s “Semiconductor Mission” [15]. RRP Electronics and RRP Semiconductor are entirely separate entities: the former is a real fab project with government support, the latter is a tiny listed stock that has caught fire on rumor alone.
Stock Market Frenzy Around RRP Semiconductor
RRP Semiconductor’s share price rally has defied fundamentals and caught investors off guard. As Business Today notes, the stock has become a “multibagger counter”, climbing another 2% on Oct 14 to ₹8,584 and delivering an “exceptional 4,527.84% year-to-date” return [16]. Moneycontrol reports that the company’s stock has risen “a whopping 57,000% since April 2024” [17]. In practical terms, a ₹10 lakh investment at the start of 2025 would have ballooned to well over ₹100 crore by September – on paper [18] [19].
This meteoric rise triggered wild speculation on social media. Rumors spread that star investor Sachin Tendulkar was secretly buying RRP Semiconductor shares or even serving as an adviser. Some posts also claimed that RRP had been granted 100 acres by the Maharashtra government for a chip plant. In reality, as RRP’s official disclosures make clear, none of this is true.
Company Clarification: Sachin Tendulkar and Land Rumors
On Oct 14, RRP Semiconductor filed a detailed clarification with the stock exchanges expressly debunking the rumors. In the regulatory filing, the company categorically stated: “Legendary Cricketer Mr. Sachin Tendulkar has never subscribed any shares of the company. He is not a shareholder of the company” [20]. It added that Tendulkar “directly or indirectly” has no connection with RRP’s board or management, and “is not a Brand ambassador of the company” [21].
The filing also doused the land-grant story. RRP Semiconductor made it clear that it has not acquired any 100 acres of land from the Govt. of Maharashtra [22] [23]. In fact, the company admitted that its tiny financials could not possibly support the share-price spike. As the filing notes, the firm’s publicly disclosed earnings do not justify a move from ₹10 to ₹9,000 per share [24].
Behind the scenes, RRP’s balance sheet shows only ₹31.6 crore in quarterly revenue and a few crores in profit – negligible compared to its ₹5,404 crore market cap (as noted by some analysts). Yet the stock has chased the narrative of India’s semiconductor boom. The company’s board emphasized that nearly all of its stock (about 99%) was issued via a preferential allotment and remains locked in with depositories until March 2026 [25]. None of the promoters or key executives have sold any shares [26]. Meanwhile, only roughly 4,000 shares are in public hands (in demat accounts) [27]. In other words, a microscopic free float and a handful of trades have sent the price spiraling.
In its filing RRP went on to accuse misinformation agents of inflicting damage. It warned that some traders “are trading in the market in un-ethical ways” and sowing falsehoods that hurt both the company and Tendulkar’s reputation [28]. The board said it will pursue legal action against any intermediaries found to be spreading these rumors [29]. No regulatory authority has endorsed the rumors, and exchanges are undoubtedly monitoring the stock’s “unprecedented price movement” (BSE noted the jump from ₹10 to ₹9,000 over 10 months [30]).
Analyst Warnings and Industry Context
The RRP saga comes amid a broader microcap rally and bubble concerns. In July 2025 The Economic Times reported that over 50 small-cap and penny stocks had soared 200%–5,500% despite market volatility, often without solid earnings. As the ET put it, many of these “top performers reported losses or modest revenues, raising concerns about a potential bubble.” Analysts quoted in that piece “advise caution, noting that only a few demonstrate fundamental soundness” [31]. That warning resonates with RRP’s case: a stock driven by hype rather than fundamentals.
Market experts say such “pump-and-dump” dynamics are a risk. Even as India aggressively pushes a domestic semiconductor mission, genuine projects like RRP Electronics’ new fab are state-backed and capital-intensive [32]. Investors chasing tiny float stocks on rumour alone can get burned. Indeed, some on Reddit and Twitter have already flagged RRP Semiconductor’s wild financials and called its rally unsustainable.
Importantly, Sachin Tendulkar’s actual involvement in India’s chip drive is with RRP Electronics Ltd., not the listed RRP Semiconductor. The analyticsindiamag report highlights that RRP Electronics (which has Tendulkar on its board) was recently allotted 100 acres in Navi Mumbai to relocate a wafer fab from Texas – a ₹12,000 crore project aligned with government goals [33]. That real fab project comes with corporate announcements and funding; it has nothing to do with the tiny Navi Mumbai trading firm whose stock is on a tear.
Takeaways and Outlook
The official clarification from RRP Semiconductor makes one thing clear: Sachin Tendulkar is not behind this rally [34] [35]. The stock’s run-up appears driven entirely by rumor and a thin market float. Regulators and investors should remain skeptical until concrete business developments emerge. As one analyst put it in summary: enormous returns on paper often reflect excess exuberance, and only companies with real revenue and assets can sustain high valuations [36].
For now, RRP Semiconductor’s management has debunked the myths and even launched legal moves against false-information peddlers [37]. The episode underscores that thorough due diligence is vital – especially in microcaps. The real story of India’s chip surge involves heavyweight projects (like the Tendulkar-backed fab) with solid backing [38], not isolated penny-stock gambles.
Sources: Official stock filings and news reports from Moneycontrol [39] [40], Business Today [41] [42], Autocar Professional [43] [44], Analytics India Mag [45], and The Economic Times [46]. (Data as of Oct 14, 2025.)
References
1. www.moneycontrol.com, 2. www.businesstoday.in, 3. www.moneycontrol.com, 4. www.businesstoday.in, 5. www.businesstoday.in, 6. www.moneycontrol.com, 7. www.businesstoday.in, 8. www.moneycontrol.com, 9. www.moneycontrol.com, 10. www.moneycontrol.com, 11. www.moneycontrol.com, 12. www.moneycontrol.com, 13. www.moneycontrol.com, 14. www.autocarpro.in, 15. analyticsindiamag.com, 16. www.businesstoday.in, 17. www.moneycontrol.com, 18. www.moneycontrol.com, 19. www.businesstoday.in, 20. www.moneycontrol.com, 21. www.moneycontrol.com, 22. www.moneycontrol.com, 23. www.autocarpro.in, 24. www.moneycontrol.com, 25. www.moneycontrol.com, 26. www.moneycontrol.com, 27. www.moneycontrol.com, 28. www.moneycontrol.com, 29. www.autocarpro.in, 30. www.businesstoday.in, 31. economictimes.indiatimes.com, 32. analyticsindiamag.com, 33. analyticsindiamag.com, 34. www.moneycontrol.com, 35. www.autocarpro.in, 36. economictimes.indiatimes.com, 37. www.autocarpro.in, 38. analyticsindiamag.com, 39. www.moneycontrol.com, 40. www.moneycontrol.com, 41. www.businesstoday.in, 42. www.businesstoday.in, 43. www.autocarpro.in, 44. www.autocarpro.in, 45. analyticsindiamag.com, 46. economictimes.indiatimes.com
