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Business News/ Markets / Stock Markets/  1:10 stock split: Multibagger SME IPO Suratwwala Business turns 1.20 lakh into 1 crore in four years
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1:10 stock split: Multibagger SME IPO Suratwwala Business turns ₹1.20 lakh into ₹1 crore in four years

Multibagger IPO: The SME stock traded ex-split on 18th April 2024 in 1:10 ratio

Q4 results 2024: The SME stock will declare its quarterly results on 24th May 2024. (Photo: Pixabay)Premium
Q4 results 2024: The SME stock will declare its quarterly results on 24th May 2024. (Photo: Pixabay)

Multibagger IPO: Investing in stocks is like investing in a business; one should hold one's shareholding as long as possible after investing. A stock investor must believe that money is not in buying and selling stocks but in holding. So, one should hold the stock as long as one can; this rule also applies to the primary market investors. An IPO investor should have the stock till the fair price of the proposed shares of the Company is achieved.

One needs to look at the Suratwwala Business share price history to understand how long-holdings in an IPO can deliver. Suratwwala Business IPO was launched in August 2020 at a fixed price of 15 per share. The fixed issue was proposed for listing on the BSE SME platform. A bidder was allowed to invest in this SME IPO in lots, and one lot of the BSE SME IPO comprised 8,000 company shares. So, the minimum amount required to invest in this SME IPO was 1.20 lakh ( 15 x 8000). The SME stock was listed on August 13 2020, at 15.45 per share mark. However, after this tepid listing, if an allottee had remained invested in the scrip till today, its 1.20 lakh would have turned into more than 1 crore.

Suratwwala Business Stock Split History

Following the soft listing, the SME stock demonstrated a significant upside, leading to a 1:10 stock split on April 18, 2024. This means that if an investor had held their shares until today, their initial shareholding would have increased tenfold. For instance, an initial investment of 1.20 lakh would have translated into a shareholding of 80,000 shares after the stock split.

1.20 lakh turns to 1 crore

Suratwwala Business share price reached an intraday high of 125.40 apiece during morning deals. This significant increase underscores the importance of staying invested in the SME stock. If an allottee had remained invested after the soft listing, the value of their initial investment of 1.20 lakh would have surged to 1,00,32,000 or 1 crore. This demonstrates the potential for substantial returns for those who remain committed and patient in their investments.

Suratwwala Business Q4 results 2024 date

The Suratwwala Business Board has recently approved a borrowing power limit of up to 250 crores, subject to members' approval, to comply with the respective provisions. Additionally, the board is scheduled to meet on May 24, 2024, to discuss and approve the company's Audited Standalone and Consolidated financial results for the fourth quarter and year ending March 31, 2024. These upcoming events indicate the company's proactive approach to financial management and transparency.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 16 May 2024, 02:16 PM IST
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