Multibagger IPO turns Rs1.22 lakh to Rs91 lakh in 11 months

01 Mar , 2022 By : Kanchan Joshi

Multibagger stock: In the year 2021, not just stocks delivered stellar return to its shareholders. In fact some Initial Public Offerings (IPOs) too gave whopping return to its investors. EKI Energy Services IPO is one such public issue that got listed on BSE SME Exchange in April 2021. The public issue had opened at rs140 apiece levels, near 37 per cent higher from its issue price of Rs100 to Rs102 per share. EKI Energy share price today is rs7,625.20 apiece, which is around 7375 per cent higher from its upper price band of Rs102 per equity share.

Multibagger IPO: EKI Energy share price history

In last one month, this multibagger stock has remained under the selloff heat and shed around 16 per cent in this period. In last 6 months, this BSE SME stock has surged from rs1900 to Rs7625 levels, logging near 300 per cent rise in this time horizon. In year-to-date (YTD) time, this multibagger share price has come down by near 26 per cent but in the last 11 months since its inception it has surged from Rs140 (its listing price) to Rs7625 levels, clocking near 4450 per cent rise since its listing.

However, if we compare its issue price with its current share price, the multibagger IPO was offered at Rs100 to Rs102 per share. That means, it has surged from Rs102 to Rs7625 levels, delivering near 7375 per cent return to its IPO allottees.

Rs1.22 lakh turns to Rs91 lakh

EKI Energy Services Ltd IPO was offered at Rs100 to Rs102 per equity share and an applicant had to apply in a lot where one lot comprised 1200 company shares. So, an investor had to invest Rs1,22,400 for applying in this public issue. If an allottee had remained invested in this multibagger IPO throughout the post-listing period, its Rs1,22,400 would have turned to Rs91.50 lakh [( rs7625.20/102) x rs1,22,400] today.

Current market capitalization of EKI Energy Services shares is Rs5,241 crore. Its trade volume is 24,150, which is more than 20 times of its 20 days average volume.

EKI Energy Services IPO had opened for subscription in March 2021 and it got listed on BSE SME Exchange on 7th April 2021. On listing date, EKI Energy shares opened at Rs140 apiece and closed at rs147 apiece levels.