Today we are going to tell you about an IPO in which investors have made great profits. Here is the IPO of Kotayark Industries Limited. Is a public issue that opened for subscription in October 2021 and was listed on the SME Exchange on 2 November 2021. Its issue price was kept at ₹ 51 per equity share. Today the share price is 291.
That’s about 470 percent more than its issue price.
Kotyark Industries IPO History
The company proposed to list its shares on the SME exchange with the objective of raising ₹ 11.26 crore. The public issue was subscribed 7.15 times but Rs. Remained flat at 51. After being listed at the same level, the public issue made its intraday high 51.90 per share. However, SME Energy stock failed to maintain its gains and ended up at ₹ 48.45. The share price of Cotyark Industries was listed on the NSE SME Exchange on 02 November 2021. One bidder was allowed to apply in one lot. To apply for this SME IPO, the maximum investment was ₹ 1.02 lakh.
Profit of Rs 5.82 lakh
Despite the weakness in the secondary market these days, these biodiesel stocks have risen sharply. Last Friday, when the BSE Sensex fell more than 1,000 points, the share price of Kotayark Industries rose nearly 7% to 291. So, if we look at the share price of Kotayark Industries today at Rs. Compared to the issue price of 51, the stock has risen 470 percent in almost 7 months. So, if an allottee who had applied for a public issue by investing ₹ 1.02 lakh in an IPO, had invested in the stock till now, his / her ₹ 1.02 lakh would have become ₹ 5.82 lakh today.
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