Multibagger Stock: The Indian stock market has produced a handful of multibagger stocks over the past two years, despite the pressures of the global economy due to the COVID-19 pandemic. However, the great returns are not limited to stocks only. It covers various public issues both in the main board and in the SME segment. Kotyark Industries Ltd IPO (Initial Public Offering) is a public offering that opened for subscription in October 2021 and got listed on the SME exchange on 2 November 2021. The public offering was launched at a fixed price band. 51 per equity share and Kotayark Industries share price today is 291, which is about 470 per cent higher than its issue price.
Kotyark Industries IPO Details
As mentioned above, shares of Cotiark Industries Limited Opened for subscription in October 2021 at a fixed price of 51 per equity share. The company proposes to list its shares on the SME Exchange with a view to increase 11.26 crores. Public issue subscribed 7.15 times but got equal listing 51 per share. After being listed at par, the public issue hits its intraday high 51.90 per share. But, the SME energy stock failed to maintain its gains and eventually ended at 48.45, which also reduced its listing date. The share price of Kotyark Industries was listed on NSE SME Exchange on 02 November 2021.
One bidder was allowed to apply in lots and one lot was required 1.02 lakh to apply for SME IPO.
Kotayark Industries share price history
Despite the weakness in the secondary market these days, this bio-diesel stock has given a sharp jump. Last Friday, when the BSE Sensex broke over 1,000 points, Kotayrk Industries’ share price climbed nearly 7 per cent. 291 levels. Hence, if we compare the Kotayark Industries share price with its issue price today 51, the stock has risen by 470 percent in about 7 months.
Therefore, if an allottee, who has applied for a public issue, is investing 1.02 lakh in IPO, remained in stock till date, its 1.02 lakh would have become 5.82 lakh today.