As the stock now commands a price of Rs 185.90 per share, as per 9th october 2023, representing a gain of Rs 18.89 per share or 11.31%. His total portfolio gain from this stock now stands at an impressive Rs 1,17,64,692.
It’s not just the Indian benchmark indices that are having a stellar Tuesday; Saakshi Medtech and Panels, a small and medium-sized enterprise (SME) stock, is also making waves. The company made its debut on the NSE SME on October 3, 2023, at an impressive Rs 146 per share, sporting a remarkable premium of 50.5% above its issue price of Rs 97.
When Saakshi Medtech’s initial public offering (IPO) hit the market, it had a price band ranging from Rs 92 to Rs 97 per equity share, each with a face value of Rs 10. The IPO’s lot size was set at 1200 equity shares, with multiples of 1200 equity shares thereafter. The response from investors was overwhelming, with the IPO being subscribed a whopping 91.65 times, and the retail investors’ category witnessing a subscription rate of 75.88 times.
What adds to the excitement on this Tuesday is the news of Ashish Kacholia, a renowned investor, acquiring a significant stake in this recently listed SME gem. Kacholia purchased 6,22,800 shares of Saakshi Medtech and Panels at a price of Rs 167.01 per share, aggregating to a substantial investment of Rs 10,40,13,828.
Today, Saakshi Medtech’s shares experienced a remarkable journey, being locked in a 5% upper circuit to reach Rs 185.90 per share. Notably, the stock also achieved a new 52-week high at the same price point. Kacholia’s astute investment decision has paid off handsomely, as the stock now commands a price of Rs 185.90 per share, representing a gain of Rs 18.89 per share or 11.31%. His total portfolio gain from this stock now stands at an impressive Rs 1,17,64,692.
As this SME stock continues to captivate investors’ attention, it’s worth keeping an eye on the unfolding story of Saakshi Medtech’s growth and performance in the market.
Disclaimer: This post is only for educational purpose, please do your own research and consult an expert before making related decisions.