Investment of ₹1.10 lakh converted into ₹7.45 lakh, became multibagger stock

Collecor Gadget has achieved the status of multibagger stock in the Indian stock market. In a little over a year, the stock has managed to turn an investment of ₹1.10 lakh into ₹7.45 lakh. The company’s stock split of 1:10 has played a major role in this tremendous rise.

Details of Celecor Gadgets IPO

• Listing: September 2023.
• IPO size: ₹50.77 crore (book built issue).
• Price band: ₹87 to ₹92 per share.
• Fresh issue of shares: Rs 55.19 lakh.
• Lot Size:
  • 1200 shares for retail investors.
  • 2400 shares (2 lots) for HNI investors.
• Minimum Investment:
  • Retail: ₹1,10,000.
  • HNI: ₹2,20,800.

Stock Split Details

• Listing Platform: NSE SME.
• The company announced a 1:10 stock split, whereby 1 share of ₹10 face value was divided into 10 shares of ₹1 face value.
• Record date: 9 August 2024.

Multibagger Returns: Great profits for investors

• Current price: ₹62.10 per share.
• Investment at the time of IPO:
  • Retail investors had bought 1200 shares for ₹1.10 lakh.
• After Stock Split:
  • The number of shares increased to 12,000.
  • Total value of investment at current price (₹62.10):

Returns since listing:

• Celecor Gadgets has given multibagger returns to investors since its listing.

Company performance and future

The IPO of Celecor Gadgets proved to be profitable for the investors who initially placed bets in it.
Will this stock provide benefits to investors in future also? This will depend on the company’s fundamentals and market conditions.