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IPO: The IPO of a company involved in the business of gems and jewelery has made investors rich in less than a year. This company is PNGS Gargi Fashion Jewellery. Let us tell you that the company’s SME IPO was launched on December 8 last year at a price of Rs 30 per share. While on BSE on Tuesday, the company’s share rose by 4.37 percent to Rs. closed at 257.75. That means investors have made around 760 percent profit during this period.
The stock’s 52-week high is Rs 259.85
Let us tell you that the shares of the company opened at Rs 234 on BSE on Tuesday. While during the intraday trade, the shares of the company were Rs. reached a high of 259.85. Shares of PNGS Gargi Rs. 259.85 at a 52-week high. At the same time, the company’s shares hit a 52-week low of Rs 57. On the other hand, the total market cap of this SME company is Rs 248.16 crore.
1 lakh rupees became 10 lakhs
Let us tell you that the shares of the company were listed on BSE at 57 rupees on December 20. That means, if an investor had bet on this stock even on the day of listing, he would have made a profit of more than 4 times as compared to the date. The company’s IPO consisted of 4,000 shares in one lot. That means the investor has to invest 1 lakh 20 thousand rupees initially. However, this investment will be 10 lakh 31 thousand rupees as of today.
Disclaimer: Information provided here is only about stock performance, not investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.