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Multibagger SME IPO: At a time when main board initial public offerings (IPOs) have failed to make any significant buzz on Dalal Street, a good number of IPOs in SME segment have delivered whopping return to its shareholders. While SME stocks like Droneacharya Aerial have been hitting circuit since it listing in secondary markets, there is a big list of SME shares that have remained a money making stock for its investors since its listing in recent months.

BSE SME IPO Insolation Energy is one such public issue. It was launched in September 2022 at a price band of 36 to 38 and the public issue listed on BSE SME exchange on 10th October 2022 at 76 apiece levels, giving whopping 100 per cent premium to its allottees.

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However, the SME stock didn't here only. In last three months of its listing, the SME share has surged to around 145 apiece levels, near 300 per cent higher from its lower price band of 36 per share. In these near three months, the SME stock has made life-time high of 152.95 apiece as well.

1.14 lakh turns to 4.35 lakh in three months

As a bidder was allowed to apply in lots and one lot of the Insolation Energy IPO comprised 3000 company shares, minimum investment of an allottee in the scrip was 1.14 lakh. As the stock has ascended to the tune of 145 apiece levels, an allottees 1.14 lakh would have turned to 4.35 lakh today, provided the allottee had remained invested in the scrip despite strong debut of the shares in secondary markets.

In four days bidding from 26th to 29th September 2022, this multibagger IPO was subscribed 192.79 times. The retail portion of the public issue was subscribed 235.55 times whereas its NII portion got subscribed 150.02 times.

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Asit Manohar

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