₹80 to ₹805: Multibagger NSE SME IPO gives 900% return to allottees in two years

livemint.com:

Multibagger stock: The initial public offering (IPO) of Network People Services Technologies (NPST) Limited was launched in July 2021 at a price band of ₹76 to ₹80. The book build issue was proposed for listing on NSE SME exchange and the stock listed on 10th August 2021 at ₹83.95 apiece, giving near 5 per cent listing premium to the lucky allottees.

However, the NSE SME stock has turned out a multibagger stock in last two years rising from ₹83.95 to ₹805 apiece levels in these near two years. This SME IPO is a multibagger IPO for those lucky allottees who remained invested in the scrip after the fair listing.

As mentioned above, NPST shares are one of the multibagger stocks in India and NPST IPO is one of the multibagger IPOs that Indian primary market has produced from the SME segment. If any IPO investor had remained invested in NPST shares till date after listing at 5 per cent premium on the listing date, their investment in the SME stock would have surged from ₹80 apiece (upper price band of the IPO) to ₹805 per share (NPST share price today on NSE), logging near 900 per cent rise in this near two year time.

As mentioned earlier, NPST IPO listed at ₹83.95 apiece on NSE SME exchange on 10th August 2021 and it ended at 79.90 apiece levels after the profit booking trigger. On listing date, ₹83.95 remained intraday high of this small-cap SME stock.

So, if a long term investor had taken position in this scrip, who had full conviction about the financials of the company after scanning its balance sheet, their investment would have been around the upper price band of this NSE SME IPO and their returns in last two years could have been same around 900 per cent. NPST IPO was available in lots and one lot of the SME IPO