Multibagger IPOs: Five SME issues that listed in June are up between 125% to 190%

Multibagger IPOs 2023: Amid bull trend on Dalal Street in June 2023, a good number of SME IPOs hit Indian stock market. These SME IPOs had a dream debut on the SME exchange and these small and medium sized company stocks further continued to attract stock market bulls, which enabled these SME stocks to double the absolute value of an allottees investment who remained invested in the stock despite strong listing premium.

Here we list out top 5 SME IPO that listed in June 2023 and have delivered multibagger returns to its investors who remained invested in the stock till date:

1] Vasa Denticity IPO: This multibagger initial public offering (IPO) was launched at a price band of ₹121 to ₹128 per equity share. The book build issue was proposed for listing on NSE SME exchange and the SME stock listed on SME exchange at ₹211, delivering near 65 per cent listing premium to its lucky allottees. The stock had listed on 2nd June 2023 and Vasa Denticity share price today is ₹370.65 apiece. So, if an allottee had remained invested in this SME stock despite strong listing premium, one's ₹128 per share would have surged to ₹370.65 apiece. This means, the SME stock has delivered 190 per cent absolute return to an allottee, who is still holding this SME share.

2] Hemant Surgical Industries: This multibagger IPO was launched at a price band of 85 to ₹90 per equity share and it listed on BSE SME exchange on 5th June 2023 at ₹171 apiece. The SME stock went on to make intraday high of ₹179.55 levels on the listing date, delivering almost 100 per cent return to its allottees, who remained invested despite such a robust debut. Hemant Surgical Industries share price today is ₹228.50, which means if an allottee had remained invested in this stock till date, its absolute return would have been more than 150 per cent in one month time.

3] Sonalis Consumer Products IPO: This SME IPO was launched at a fixed price of ₹30 per equity share. The multibagger SME IPO listed on BSE SME exchange on 19th June 2023 at ₹38 per share levels, delivering near 26 per cent listing premium to the allottees. However, the SME stock went on to extend its listing gain and ended at ₹71.55 levels on Friday, delivering around 140 per cent return to those allottees who remained invested in this stock till date.

4] Crayons Advertising IPO: This multibagger IPO in the SME segment was launched at a price band of ₹62 to ₹65 per equity share. The book build issue was proposed for listing on NSE SME exchange. The public issue listed at ₹90 on 2nd June, delivering near 40 per cent return to the lucky allottees. However, after strong listing on the NSE SME exchange, this SME stock further attracted buying interest of stock market bulls. On Friday last week, this SME stock ended at ₹155.10 apiece levels, delivering near 140 per cent return to those luucky allottees who still hold this stock.

5] Infollion Research Services IPO: The book build issue was launched at a price band of ₹80 to ₹82 per equity share and it was proposed for listing on NSE SME exchange. The SME stock listed on SME exchange on 8th June 2023. The public issue listed at ₹209 per share on the listing date, delivering whopping 155 per cent listing premium to the lucky allottees. On Friday last week, Infollion Research Services share price ended around ₹186, which is near 125 per cent higher from the upper price band of the SME issue.

So, these five SME IPOs listed in June 2023 have emerged one of the multibagger IPOs that Indian stock market has produced in 2023.