Multibagger SME stock Cellecor Gadgets gives 160% return within three months of listing. Do you own? | Mint
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Business News/ Markets / Stock Markets/  Multibagger SME stock Cellecor Gadgets gives 160% return within three months of listing. Do you own?
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Multibagger SME stock Cellecor Gadgets gives 160% return within three months of listing. Do you own?

Multibagger stock: Cellecor Gadgets share price opened flat at ₹92 per share on NSE Emerge platform on 28th September 2023

Multibagger IPO: Cellecor Gadgets IPO was launched on 15th September 2023 at a price band of ₹87 to ₹92 per share. (Photo: Courtesy Cellecor Gadgets Limited website)Premium
Multibagger IPO: Cellecor Gadgets IPO was launched on 15th September 2023 at a price band of 87 to 92 per share. (Photo: Courtesy Cellecor Gadgets Limited website)

Shares of Cellecor Gadgets Ltd are one of those SME stocks that has doubled its investors' money in recent few months. The SME stock got listed on NSE SME Emerge at 92 apiece levels on 28th September 2023 and in less than three months, this stock has risen to the tune of 241.45 per share levels, delivering around 160 per cent return against its listing price.

Cellecor Gadgets IPO details

The NSE SME IPO was launched on 15th September 2023 at a price band of 87 to 92 per equity share. The issue was proposed for listing on NSE Emerge platform. The SME stock had a flat listing on NSE as it listed at 92 per share levels and made a low of 88.15 per share on listing date as well. 

Also Read: BCL Industries shares hit life-time high on ethanol supply orders from OMCs

So, those who missed to get Cellecor Gadgets shares via allotment process and remained convinced about the company's fundamentals despite flat debut on Dalal Street, they had a chance to buy Cellecor Gadgets shares at lower price than the offered price of 92 apiece.

Cellecor Gadgets share price history

However, after making its low of 88.15 on listing date, Cellecor Gadgets share price witnessed bnounce back and it ended at 96.60 per share levels. The SME stock didn't looked back from then ionwards and has been an ideal 'buy on dips' stock for stock market bulls who believed in bottom fishing. 

Also Read: Graphisads IPO: What GMP, subscription status signal as SME isssue ends tomorrow

Amid bull trend on Dalal Street, Cellecor Gadgets share price today opened upside and went on to hit new life-time high of 241.45m per share levels on NSE, locking 10 per cent upper circuit during morning deals.

Multibagger IPO

The multibagger SME stock is not just a multibagger stock, it is one of the multibagger IPOs as well. If an allottee had remained invested in this SME stock despite flat listing, he or she would have also got multibagger return on one's investment.

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 decision.

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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. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 04 Dec 2023, 02:52 PM IST
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