Multibagger IPO: Vasa Denticity shares listed on NSE SME exchange on 2nd June 2023 at a whopping premium of 65 per cent against its price band of ₹121 to ₹128 per equity share. The SME stock opened at ₹211 per share and in last one month, this SME IPO has doubled money of those allottees who remained invested in this scrip despite strong listing. Vasa Denticity share price ended on Friday at around ₹328 apiece. This means, SME IPO has emerged a multibagger IPO for its allottees as it has doubled their money in near one month of listing.
Ashish Kacholia latest buy
However, it seems that Ashish Kacholia is still bullish on the SME stock as the ace investor has bought stake in the SME company. As per the bilk deal details available on the official website of NSE, Ashish Kacholia has bought 4,39,000 shares of Vasa Denticity shares paying ₹302.59 apiece. This means, the ace Indian investor invested ₹13,28,37,010 or around ₹13.28 crore in the company. “Big Whale” of the Indian stock market bought these shares in a NSE bulk dal executed on 30th June 2023.
Multibagger return for IPO investors
The initial public offer (IPO) of Vasa Denticity share price Limited was launched in May 2023 at a price band of ₹121 to ₹128 per equity share. The public issue opened for bidding on 23rd May 2023 and it remained open for subscribers till 25th May 2023. The IPO was proposed for listing on NSE SME exchange and the SME share listed on the proposed SME bourse on 2nd June 2023 at ₹211 per share, delivering a whopping 65 per cent premium against the offer price. However, the stock doesn’t end here only.
In last one month, this SME share has skyrocketed to near ₹328 apiece levels on NSE, delivering over 150 per cent return to those IPO investors who remained invested in the scrip despite strong listing premium.
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Updated: 01 Jul 2023, 02:54 PM IST