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Kaka Industries’ IPO has made investors rich in 2 months. In the IPO, Kaka Industries’ shares were priced at Rs. 58 were allotted and the shares of the company traded on BSE 2 months ago on September 4, 2023 at Rs. closed at 198.35. Kaka Industries stock has returned more than 240% in less than 2 months. The IPO of Kaka Industries opened on July 10 and remained open till July 12.
Got 1 lot for 1.16 lakh rupees, now it has become 4 lakh rupees
Investors had to buy at least 1 lot in the IPO of Kaka Industries. 1 lot of IPO had 2000 shares. That is, the investors in the IPO put Rs. 1.16 lakh was to be invested. In the IPO of Kaka Industries, the shares of the company were allotted at Rs.58. Shares of the company on July 19 were Rs. 110.20 and now on September 4 at Rs. 198.35 has been reached. The company’s IPO investment of Rs 1.16 lakh has grown to around Rs 4 lakh in less than 2 months. Shares of Kaka Industries touched a 52-week high of Rs. is 210.
The IPO was subscribed over 292 times
Kaka Industries’ IPO was subscribed 292.66 times. Retail investors subscribed 358.88 times the quota in the company’s IPO. Whereas, Non-Institutional Investors (NII) quota was subscribed 431.85 times. While the quota of qualified institutional investors was subscribed 72.13 times. The total size of the public issue of Kaka Industries was up to Rs 21.33 crore. The promoters’ stake in the company was 95.32% before the IPO, which has come down to 69.78%.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investment in stock market is subject to risk and please consult your advisor before investing.