Multibagger Stocks: Goyal Salt Share Price Soars Over 300% in Just Two Months
📈 Goyal Salt’s share price has witnessed a remarkable surge of over 300% in the span of just two months. The company’s IPO opened on September 26, 2023, and remained open until October 3, 2023.
💰 The IPO was priced at ₹36-38 per share, and the shares were allotted at ₹38 each. As of December 22, 2023, Goyal Salt’s shares reached ₹153.
💹 This means that the company’s shares are trading at a premium of over 302% from the IPO price. Goyal Salt’s shares were listed at ₹130 on October 11, 2023, with a premium of more than 250%.
📊 The stock has reached its highest level of ₹189.85 and its lowest level of ₹123.50 in the past 52 weeks.
📈 IPO Oversubscribed 294 Times
💥 Goyal Salt’s IPO received overwhelming response from investors, with the overall subscription reaching a staggering 294.61 times. Retail investors subscribed 377.97 times, while non-institutional investors subscribed 382.45 times.
💼 Qualified institutional buyers (QIBs) subscribed to the shares 67.20 times. Retail investors had the option to bid for a minimum of 1 lot, which included 3000 shares, requiring a minimum investment of ₹114,000.
💪 The impressive performance of Goyal Salt’s shares in such a short period has made it one of the top multibagger stocks to watch out for.
💰 Stay tuned for more updates on Goyal Salt’s share price and other multibagger stocks in the market.
Source: महाराष्ट्रनामा न्यूज नेटवर्क (Maharashtra Nama News Network)
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