📈 Multibagger Stocks: Srivari Spices IPO Offers Investors Huge Returns
💰 Investors have benefited greatly from investing in Srivari Spices, a company in the spices and flour milling business. In just three months since entering the market, the share price has increased from ₹42 to ₹180. During this period, Srivari Spices shares have provided returns of over 330%.
📅 The IPO of Srivari Spices was open for investment from August 7, 2023, to August 9, 2023. The company’s shares were listed on the market on August 18, 2023, at a premium of nearly 150%, closing at ₹101.50.
📈 Currently, Srivari Spices shares are trading over 330% above the IPO price. The share price has reached an all-time high of ₹218 and a low of ₹103.
🏢 Srivari Spices made its debut in 2019 and primarily operates in Telangana and Andhra Pradesh, dealing with the business of spices and flour milling.
💥 The IPO of Srivari Spices was oversubscribed by a whopping 450 times. Retail investors subscribed 517.95 times, while the non-institutional category subscribed 786.11 times. The Qualified Institutional Buyers segment also received 79.10 times oversubscription.
📊 Retail investors were only allowed to apply for one lot in the IPO, consisting of 3,000 shares. This meant that retail investors had to invest a minimum of ₹126,000. The IPO had a total size of ₹9 crore.
📈 With the impressive performance of Srivari Spices shares and the overwhelming response to its IPO, it is clear that this multibagger stock has caught the attention of investors.
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