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Business News/ Markets / Stock Markets/  Multibagger IPO: SME stock Basilic Fly Studio gives 200% return to allottees within one month
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Multibagger IPO: SME stock Basilic Fly Studio gives 200% return to allottees within one month

Multibagger SME IPO was launched in first week of September at a price band of ₹92 to ₹97 per equity share

Multibagger IPO: SME stock listed on NSE SME exchange at ₹271 apiece levels.Premium
Multibagger IPO: SME stock listed on NSE SME exchange at 271 apiece levels.

Multibagger IPO: Money is not in buying and selling of stocks but in holding them as long as one can. However, on some occassions, one's money rise many folds in very short time span. This can happen in stocks as well as IPOs because investing in stocks or IPOs is like investing in business.

Those who want to belive only when there is an example. Then for such investors, we have Basilic Fly Studio IPO to showcase the power of stock market investment. This SME IPO was offered in first week of September 2023 and it listed at a whopping 175 per cent premium on NSE SME Emerge platform. The SME stock extended its fains further as it has hit 300 levels during Tuesday deals.

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Basilic Fly Studio IPO details

The initial public offering (IPO) of Basilic Fly Studio Limited was launched on 1st September 2023 at a price band of 92 to 97 per equity share. The public issue listed on 14th September 2023 at a whopping premium of over 175 per cent. However, if an investor had remained invested in the SME scrip, its listing gain would have further widened as Basilic Fly Studio share price today hit a new life-time high of 304.80 apiece on NSE.

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Basilic Fly Studio share price today opened upside and went on to hit intraday high of 304.80 levels, logging around 215 per cent rise against the issue price of 97 (upper price band). So, if an investor had invested in the NSE SME scrip in first week of September, when the book build issue had opened for subscription, its money would have tripled within one month of investment.

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1.16 lakh turns to 3.50 lakh in one month

The SME issue was comprising 1200 company shares, which means an investor required 1,16,400 ( 97 x 1,200) to apply for the SME IPO. As the SEM stock has risen around 215 per cent in less than one month of its listing, one's 1.16 lakh has grown around 3.50 lakh in this time.

Basilic Fly Studio news

The SME company is in news these days for order book rise. Basilic Fly Studio recently secured new business contracts totalling Rs. 10.96 Crores, bolstering its already impressive portfolio. Additionally, the resolution of the 146-day strike between the Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) has paved the way for a surge in new work orders.

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 taking any investment decisions.

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Asit Manohar
Chief Content Producer at Live Mint Digital Team
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Published: 26 Sep 2023, 02:11 PM IST
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