On December 30, Shyam Dhani Industries, a spice manufacturing company, made such a big splash in the stock market that investors jumped with joy. As soon as it was listed on the SME platform, the shares of this company gave excellent returns and those who invested in the IPO got huge profits in a single day. Investors who had taken only one lot got a profit of about Rs 1 lakh 26 thousand, which is considered a big thing in the SME segment.
Entry at almost double the issue price
Shares of Shyam Dhani Industries were listed on NSE Emerge platform at a price of Rs 133. This price was almost 90 percent more than the issue price of IPO of Rs 70. Such a strong listing brought the company into the limelight on the very first day. With the listing, the total market cap of the company reached around Rs 282 crore, which further strengthened the confidence of investors.
One lot made big profit
The minimum investment in this IPO was one lot i.e. 2000 shares. According to the issue price, investors had to invest around Rs 1.40 lakh. But on the day of listing the share reached Rs 133, making the value of one lot around Rs 2.66 lakh. That means investors got direct profit of about Rs 1.26 lakh.
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