look news india
Many times, some companies do wonders in the stock market, about which most people have not even heard. one such company is Anondita Medicarewhich makes flavored condoms, and its shares are flying at rocket speed these days.
Those who had invested money in the IPO of this company have almost won the lottery. Within just two months, the shares of this company gave investors Huge returns of over 220% Has given.
Money doubled on the first day of listing!
The IPO of Anondita Medicare came on August 22 this year, in which the price of one share ₹145 was laid. But when it was listed in the stock market on September 1, it was immediately ₹275 But open. That means investors’ money almost doubled on the day of listing.
And this momentum did not stop here. Today (Friday, October 24) this stock is in the upper circuit of 5%. ₹469.60 But it is closed. That is, if someone had invested only ₹ 14,500 in the IPO, today its price would have been around ₹ 47,000!
There was loot to buy IPO
When the IPO of this company came, big investors rushed to buy it. This IPO Subscribed more than 300 times This shows how much confidence people had in the future of this company.
- common investors quota 286 times Filled.
- At the same time, in the category of big investors (NII), 531 times Bids were placed.
After all, what does this company do?
Anondita Medicare for men and women flavored condom It is a big manufacturing company.
- Brand Name: This company sells its products ‘Cobra’ Sells under brand name.
- Large Production Capacity: Every year the company at its plant located in Noida, Uttar Pradesh More than 56 crore condoms Makes.
- There is demand in foreign countries also: This company exports its products not only to India but also to many countries in South-East Asia, Africa and the Middle East.
It is clear that the business model of the company and its hold in the market are being liked by the investors, and this is the reason why its shares are showing no sign of stopping.