Multibagger stock: Shares of Techknowgreen Solutions Ltd are one of those multibagger stocks that had a flat listing on Indian stock market bourses in 2023 but they witnessed big upside after share listing. Techknowgreen Solutions IPO was launched in second fortnight of September 2023 at a fixed price of ₹86 per share. The public issue was proposed for listing on BSE SME exchange and it listed at ₹87 apiece on BSE, RE 1 above its issue price.
However, despite flat listing, Techknowgreen Solutions shares attracted fresh buyers and ended at ₹91.35 apiece levels on listing date after making intraday low of ₹86.10 per share levels. This means the stock sustained above its issue price of ₹86 per equity share.
Technogreen Solutions share price today is ₹308 per share levels, which means, the SME stock has surged over 250 per cent against its listing price of ₹87 per share levels.
As mentioned above, Techknowgreen Solutions IPO opened for subscribers on 18th September 2023 and it remained open for subscribers till 21st September 2023.
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The public issue was proposed for listing on BSE SME exchange. It listed on BSE SME exchange on 27th September 2023 at ₹87 per share levels, delivering Re 1 per share premium to the allottees. However, SME stock went on to deliver multibagger return to both allottees and fresh investors as it has ascended around ₹308 per share levels within three months of share listing.
Techknowgreen Solutions Ltd was recently in news for receiving ₹18 crore work order from from Duet India Hotels (Navi Mumbai) Private Limited. Encompassing regulatory, environmental, construction, and safety domains, this order signifies a pivotal convergence in business operations. Driving strategic growth, it plays a central role in expanding and diversifying the service portfolio.
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