Nirman Agri Genetics, an IPO launched in March 2023, has proven to be a lucrative investment.
Priced at ₹99 per share, this NSE SME offering saw a modest debut on March 28, 2023, with shares trading at a slight premium of ₹3 each.
Fast forward to today, and those who had invested in this SME stock have witnessed their investment surge by a staggering 125%, with the current share price hovering around ₹225 on NSE.
Key Details of Nirman Agri Genetics IPO
Back in March 2023, Nirman Agri Genetics initiated its IPO at a set price of ₹99 per equity share.
Each lot comprised 1200 shares, necessitating a minimum investment of ₹1,18,800 (₹99 x 1200) for allottees.
The IPO aimed to secure a spot on the NSE SME Emerge platform. Presently, Nirman Agri Genetics shares are valued at approximately ₹225 each.
This means that investors who held onto their SME stock, despite a modest beginning, have seen their investment appreciate by over 125%.
Profits Soar: ₹1,18,800 Grows to ₹3.90 Lakh in 6 Months
Investors who retained their stake in this SME stock, even after an unimpressive NSE SME Emerge debut, have seen their ₹1,18,800 investment balloon to an impressive ₹3.90 lakh today.
