Multibagger IPO: Ashish Kacholia buys stake in this SME stock during Q3. Share hits lifetime high
Ashish Kacholia portfolio: Shares of Basilic Fly Studio Limited witnessed huge buying interest during morning deals on Monday and hit a new lifetime high of ₹440 apiece on NSE. The SME stock that was listed on the NSE SME Emerge platform in September 2023 at a whopping 180 per cent premium against its upper price band of ₹97 per equity share, is one of the multibagger IPOs that the Indian stock market has delivered in 2023.
Probably, the Czar of small-cap stocks Ashish Kacholia had an idea about the possible upside available in the stock despite the strong debut of this SME stock on Dalal Street. As per the latest shareholding pattern of Basilic Fly Studio Limited for the October to December 2023 quarter, Ashish Kacholia's name appears in the list of individual shareholders of the company.
The ace Indian investor is shown holding 5,47,200 shares of the company. Also Read: Q3 Result: Bajaj, Hero other 2W & PV to lead earnings growth for auto producers As Ashish Kacholia's name was missing from the list of ace investors in the company in the Red Herring Prospectus filed by the small-cap company at SEBI when the public issue was launched.
It means Ashish Kacholia bought these shares in the post-listing phase during the October to December 2023 quarter. However, it is difficult to ascertain whether the ace investor bought all these shares in one shot or accumulated these shares in a calibrated manner.
Also Read: Stocks to buy this week: Zomato, CAMS, REC among 12 technical picks As per the exchange rules, a listed company is bound to share the names of individual shareholders of the company who own one per cent or more stake in the company. However, these listed companies don't need to share details of buying and selling of
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