There are many IPOs in the market which have given multibagger returns to investors in just a few years.
One of these IPOs is of Sarveshwar Foods. This NSE SME IPO was launched in March 2018 at a price band of ₹83 to ₹85.
This IPO was listed at a discount. However, investors who held for 6 years have become silver.
During this period, investors have also got the benefit of 2:1 bonus shares and 1:10 stock split. Let us tell you that the record date of bonus shares and split on Sarveshwar Foods was in September 2023.
how many shares
Investors who had been allotted the IPO and had maintained their holding would have seen the number of shares in their portfolio increase significantly.
This would have been possible due to the announcement of bonus shares and stock split. Let us tell you that the IPO lot size of Sarveshwar Foods included 1600 company shares. The shareholding of the investor who was allotted the IPO would have increased to Rs 48,000 (1600 x 3 x 10).
Amount of ₹4.68 lakh
Let us tell you that last Friday, the shares of Sarveshwar Foods closed at ₹ 9.75 per share on NSE.
If an allottee had remained invested in this NSE SME share till date, the total value of his investment would have increased to ₹4.68 lakh (₹9.75 x 1600 x 3 x 10 or ₹9.75 x 48,000). Talking about the 52 week high of the share, it is Rs 15.73.
This price was in February 2024. Similarly, on April 28, 2023, the share had gone as low as Rs 2.19.
Shares will be in focus on Monday
This multibagger stock will be in focus on Monday as the company has announced to acquire 100 per cent equity in Green Point Pte.
With this, Green Point has now become a wholly owned subsidiary of Sarveshwar Foods Limited.