The Initial Public Offering (IPO) market in India was muted in the first half of 2022. However, in the last few months the market has picked up and multiple companies have listed in the market.
Out of the Mainboard IPOs and Small and medium enterprises (SME) IPOs, the latter has delivered higher returns this year. Multiple stocks have turned multibaggers in the span of a few months.
So far this year, more than 87 SMEs have come up with their IPOs. Out of them, here are 2 SME stocks that have delivered multibagger returns in just a few months of listing:
The shares of Jayant Infratech started trading on BSE at Rs 79 a piece in July this year. On Thursday, the shares were trading at Rs 572 levels, thereby logging a multibagger return of 617 percent in the span of just 4 months.
Jayant Infratech, incorporated in the year 2003, is a technology-driven company with excellence in railway electrification & infrastructure projects. The company’s major work encompasses the electrification of new & existing railway tracks.
If an investor would have invested Rs 1 lakh in the company their investment would be worth Rs 7.17 lakhs in 4 months.
In Q2FY23, the revenue from operations of the company stood at Rs 18.7 Crores and their net profit stood at Rs 1.22 crores in the period. Jayant Infratech has a market capitalization of Rs 190 Crore.
The shares of Maruti Interior Products started trading on BSE at Rs 71 a piece in February 2022. However, the stock started rallying in July as the share price rose from Rs 77 to the current level of Rs 186 levels on Thursday, logging a multibagger return of 142% in just four months.
Maruti Interior Products Ltd is engaged in the manufacturing of Modular Kitchen Accessories & Storage Solutions. They have two brands- ‘Everyday Kitchen’ is focused on the economic range and ‘Spitze by Everyday’ caters to the premium range.
If an investor would have invested Rs 1 lakh in the company their investment would be worth Rs 2.42 lakhs in 4 months.
In Q2FY23, the revenue from operations of the company stood at Rs 21.12 Crores and their net profit stood at Rs 2.57 crores in the period. Maruti Interior Products has a market capitalization of Rs 138.54 Crore.
Written by Anoushka Roy
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