147 to 9928: Multibagger stock turns 1 lakh to 67.5 lakh in 9 months

Multibagger stock: If an investor had invested  ₹1 lakh in this SME stock 6 months ago, its  ₹1 lakh would have turned to  ₹14.50 lakh today. (HT)
Multibagger stock: If an investor had invested 1 lakh in this SME stock 6 months ago, its 1 lakh would have turned to 14.50 lakh today. (HT)

Summary

  • Multibagger stock: If an investor had invested 1 lakh in this BSE SME stock one month ago, its 1 lakh would have turned to 1.80 lakh today

Multibagger stock: In the market rebound that was seen post-second wave of Covid pandemic, a good number of stocks entered the multibagger pack for the year. This bounce back in the Indian stock market also saw some BSE SME stocks outperforming. One such newly listed stock made its debut on the BSE SME exchange on 7th April, 2021. The BSE SME multibagger stock has surged from 147 to 8576 since 9 months of its listing, yielding around 5,750 per cent to its shareholders in this period.

Listing details of this multibagger SME stock

This SME stock was offered for bidding in March 2021 at issue price of 100 to 102 per equity share where bidders were allowed to invest in the lot. One lot of the IPO comprised 1200 company shares that means minimum investment allowed in the issue was 1,22,400 ( 102 x 1200).

The public issue was listed on 7th April at 140, delivering around 40 per cent premium to the allottees. Post-listing of shares, the SME stock further went up and closed at 147 apiece levels. The stock mentioned above is EKI Energy Services, which is currently hovering around 8,576 per share levels.

Share price history of multibagger SME stock

In the last one week, the multibagger stock has risen to the tune of 22.50 per cent, hitting 5 per cent upper circuit in five consecutive sessions. In the last one month, the BSE SME stock has surged from around 5,480 to 9928 per share levels, logging around 80 per cent rise in this period. Likewise, it has shot up from around 688 to 9,928 apiece, yielding around 1350 per cent to its shareholders in the last 6 months.

Likewise, the scrip has risen from 147 (close price on 7th April 2021) to 9928 per share levels, appreciating to the tune of nearly 67.53 times since its listing. However, from allottees' perspective, the stock has surged from 102 to 9928 levels, rising around 97 times in this period of near 9 months.

Impact on investment

If an investor had invested 1 lakh in this multibagger stock a week ago, its 1 lakh would have turned to 1.22 lakh today. Similarly, if 1 lakh was invested a month ago, it would have turned to 1.80 lakh and the investment made 6 months ago would have turned to 14.50 lakh today.

Similarly, if an investor, who missed out to get EKI Energy share during allotment, had invested 1 lakh in this stock on its listing date buying one stock at 147 apiece levels, its 1 lakh would have turned to 67.50 lakh today provided the investor had remained invested in this multibagger stock throughout this period.

Impact on allottees' investment

However, if we look at the EKI Energy share price history from an IPO allotee's perspective, a bidder needed minimum 1,22,400 ( 102 x 1200) to apply for the public issue. So, if an allottee had remained invested in the counter till date after share allocation, its investment cost of 102 per share would have risen to 9928 per share levels — delivering around 97 times surge in this period. Therefore, if an allottee had remained invested in this multibagger stock till date after share allocation, its 1,22,400 would have surged to around 1.19 crore today.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
more

MINT SPECIALS

Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie