Multibagger IPO: An SME inventory has delivered astonishing positive factors since its itemizing about 9 months in the past. Shares of Owais Steel and Mineral Processing have skyrocketed by as a lot as 1,245 per cent since March 4 this 12 months, the day it debuted on the NSE SME platform. On December 13, the inventory settled at ₹1,170 apiece. That is 1,244.83 per cent up from the difficulty worth of ₹87 of the multibagger IPO.
The inventory is Owais Steel And Mineral Processing Restricted. It has a market capitalisation of ₹2,127.34 crore, as of December 13. The corporate primarily offers in metallic and minerals mining and processing. It’s engaged within the processing of minerals, together with manganese oxide, MC ferro manganese, wooden charcoal, ferro alloy, quartz, and manganese ore.
Owais Steel And Mineral IPO
Owais Steel and Mineral Processing IPO opened for subscription on February 26 and closed on February 28.
The SME IPO aimed to boost ₹43 crore by way of the issuance of 49.07 lakh shares, with the face worth of shares of ₹10/- every. Of the whole shares issued, 1,598,400 or 32.57 per cent have been supplied to the retail shareholders.
The minimal lot dimension for an software was 1,600 shares and multiples thereafter. This implies the minimal funding required by retail traders was ₹139,200.
On the present market worth of ₹1,170, an funding of ₹1.39 lakh has turned ₹18.7 lakh in simply 9 months.
Owais Steel share worth pattern
The inventory hit a 52-week excessive of ₹1,569 on 26 June and a 52-week low of ₹231.35 on 15 March.
On a month-to-month scale, the inventory is down over a per cent this month, after a 15 per cent decline final month.
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