As markets recovered in 2023, a fascinating phenomenon arose among small and medium-sized enterprises (SMEs): a string of initial public offerings (IPOs) that defied predictions and became multibillion-dollar success stories year-to-date. More than a hundred small and medium-sized enterprises offered shares in the 2023 IPO.
Here are the 8 stocks that have given multibagger returns up to 504% since listing:
Rockingdeals Circular Economy Ltd
Rocking Deals is an expert in the wholesale trade of excess inventory, resale items, open-box items, and reconditioned items.
The stock of the company was listed on the National Stock Exchange (NSE) on November 30, 2023, and on Friday, the stock closed at Rs 642 per share, giving a multibagger return of 118 percent. The market capitalization of the company stands at Rs 362.17 crore.
Amic Forging Ltd
AMIC Forging Limited produces precision machined parts, including blanks, shafts, and rounds, as well as fully produced engineering and replacement parts. Round gear connection, hub, etc
The stock of the company was listed on the Bombay Stock Exchange (BSE) on December 6, 2023, and on Friday, the stock closed at Rs 712.95 per share, giving a multibagger return of 185 percent. The market capitalization of the company stands at Rs 745.99 crore.
Sar Televenture Ltd
SAR Televenture Limited provides telecommunication solutions to telecom network operators, including the construction and commissioning of 4G and 5G towers, optical fibre cable (OFC) systems, and network equipment.
The stock of the company was listed on the National Stock Exchange (NSE) on November 8, 2023, and on Friday, the stock closed at Rs 295.40 per share, giving a multibagger return of 183 percent. The market capitalization of the company stands at Rs 445.35 crore.
Vishnusurya Projects and Infra Ltd
Vishnusurya Projects and Infra Limited mine raw stones, manufacture aggregates, and manufacture sand using crushing and washing machines.
The stock of the company was listed on the National Stock Exchange (NSE) on October 10, 2023, and on Friday, the stock closed at Rs 277.85 per share, giving a multibagger return of 262 percent. The market capitalization of the company stands at Rs 683.7 crore.
Hi-Green Carbon Ltd
Hi-Green Carbon Ltd. (HGCL) is a subsidiary of Radhe Group Energy, headquartered in Rajkot, Gujarat. The Group’s major focus is renewable energy, with a diverse portfolio ranging from castings, consumer products, and corporate farming.
The stock of the company was listed on the National Stock Exchange (NSE) on September 28, 2023, and on Friday, the stock closed at Rs 188.98 per share, giving a multibagger return of 157 percent. The market capitalization of the company stands at Rs 466.06 crore.
Cellecor Gadgets Ltd
Cellecor Gadgets Limited specializes in the acquisition, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, smart watches, and neckbands.
The stock of the company was listed on the National Stock Exchange (NSE) on September 28, 2023, and on Friday, the stock closed at Rs 295.65 per share, giving a multibagger return of 215 percent. The market capitalization of the company stands at Rs 620.6 crore.
Kody Technolab ltd
Kody Technolab Ltd. (KTL) provides software development services to many sectors. Co is a full-stack developer who delivers unique and cutting-edge digital solutions to clients.
The stock of the company was listed on the National Stock Exchange (NSE) on September 27, 2023, and on Friday, the stock closed at Rs 1,041 per share, giving a multibagger return of 504 percent. The market capitalization of the company stands at Rs 663.5 crore.
Ahasolar Technologies Ltd
Ahasolar Technologies Limited is in the business of CleanTech, facilitating energy transition via digital transformation.
The stock of the company was listed on the Bombay Stock Exchange (BSE) on July 21, 2023, and on Friday, the stock closed at Rs 450 per share, giving a multibagger return of 120 percent. The market capitalization of the company stands at Rs 139.98 crore.
Written by:- Abhishek Singh
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