Multibagger SME stock Techknowgreen Solutions gives 250% return within three months of listing | Mint
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Business News/ Markets / Stock Markets/  Multibagger SME stock Techknowgreen Solutions gives 250% return within three months of listing
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Multibagger SME stock Techknowgreen Solutions gives 250% return within three months of listing

Multibagger stock: SME IPO was launched in September 2023 at a fixed price of ₹86 per share

Stock market today: Multibagger stock is currently quoting ₹308 per share, above 250% from its listing price of ₹87 per equity share. (HT)Premium
Stock market today: Multibagger stock is currently quoting 308 per share, above 250% from its listing price of 87 per equity share. (HT)

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. 

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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.

Techknowgreen Solutions share price history

As mentioned above, Techknowgreen Solutions IPO opened for subscribers on 18th September 2023 and it remained open for subscribers till 21st September 2023. 

Also Read: Nifty took just 61 sessions to rise from 20,000 to 21,000! A look at its journey from 1,000

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 news

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.

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: 08 Dec 2023, 01:37 PM IST
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