Multibagger IPO: NSE SME stock Quicktouch Technologies turns ₹1.22 lakh to ₹4.12 lakh in six months

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Multibagger IPO: The initial public offering (IPO) of Quicktouch Technologies Limited is one of the multibagger IPOs that Indian primary market has delivered in 2023. This NSE SME IPO was launched in April 2023 at a fixed price of ₹61 per equity share. Quicktouch Technologies Limited IPO listed on NSE SME Exchange platform on 2nd May 2023 at ₹92 apiece, deliering more than 50 per cent listing premium to the lucky allottees.

Also read: Tata Technologies IPO: GMP jumps. Date, price, other details However, if an allottee had remained invested in this NSE stock despite strong listing, the absolute value of one's investment would have grown around 250 per cent in this near six months of post-listing time. In fact, this NSE stock has delivered multibagger return after listing at ₹92 apiece levels as Quicktouch Technologies Limited share price today is around ₹206 apiece levels on NSE.

Also read: Kalyani Cast Tech shares debut at 90% premium at ₹264.10 on BSE SME As mentioned above, Quicktouch Technologies Limited IPO was launched in April 2023 at a fixed price of ₹61 per equity share. The public issue opened for bidding on 18th April 2023 and it remained open for bidders till 21st April 2023. The public issue received strong response by investors as it was overall subscribed over 100 times.

It was subscribed close to 50 times in retail segment. Also read: Flair IPO to open for subscription on November 22, sets price band at ₹288-304 After strong response by investors, the SME stock listed on NSE SME Emerge platform at a whopping 50 per cent premium. However, the SME stock didn't end here only.