Best performing SME IPOs: The year 2023 has witnessed various SME initial public offers(IPOs) rise as multi-bagger and Exhicon Events Media Solutions is one whose IPO price will go up by 448.28% since its listing in April. It touched a new record 52-week high of Rs 350.90 apiece on Tuesday (August 7th). Therefore, investment in IPOs gives higher returns when the bullish trend is continued in the market. However, the risk is there in such types of investment but detailed analysis and mindfulness can save you from money loss. Investing in IPOs is better than to invests in FDs. An investment of Rs 1 lakh in Exhicon has given you a lumpsum value of nearly Rs 5 lakh in less than 5 months. Here are the details:
Exhicon Events Media Solutions
Exhicon Events Media Solutions has brought its IPOs from March to April at a price of Rs 61 to Rs 64 per stock. The IPO subscribed by 1.95 times on the last day. It is launched in the market for the first time on April 17, 2023. Its shares are listed on the muted level. It ended at the price of Rs 67.20 apiece on BSE SME.
It is noted that this SME IPO has made a significant surge on BSE since its launch. The share of the company has broken all records and reached a new high of Rs 350.90 apiece. Considering new records, the share took a rally of 448.28% on the exchange.
Exhicon shares
As per Axis Direct’s calculator, if a person invested Rs 1 lakh in Exhicon shares then his shares price has risen to around Rs 4.61lakh at the current market price. The share traded at Rs 310.20 apiece at its lower circuit of 5% on August 7.
The stock price was at Rs 326.50 apiece in the last session. According to the current price, the current value of Rs 1 lakh has increased to Rs 4.85 lakh in less than 5 five months. The company informed us that recently it has set up a food and beverage segment to support medium to big corporate events.
Last month, Exhicon also received approval for acquiring a 100% stake in the Impulse B2B Solution and associates. Exhicon believes the acquisition of Impulse B2B will add strategic value to EEMSL by adding data and research services to its existing and prospective clients and further increase its clients in the global event marketplace.
