Less than a month later, the BSE small cap fell 2.75% while the stock delivered a 116.12% multibagger return.
One top gain On Friday’s BSE, PNGS Gargi Fashion Jewelery Ltd shares soared, hitting the ceiling price range of Rs 129.35 per share. What’s more, the company’s stock price has soared, rising consecutively to a 52-week high. IPO.
The PNGS Gargi Fashion Jewelery SME IPO will take place in December 2022 with an issue size of 26,000,000 shares with a face value of Rs 10 and a gross value of Rs 780 crore. The initial public offering (IPO) bidding began on December 8, 2022 and closed on December 13, 2022. The IPO price was Rs 30 per share and the minimum order quantity was 4000 shares. The company’s shares were listed on the BSE on December 20, 2022 at Rs 57 per share.
PNGS Gargi Fashion Jewelery Ltd was established in 2009. The company is engaged in the costume and fashion jewelery retail business under the brand name ‘Gargi by PN Gadgil & Sons’, which was launched in the artificial jewelery segment in 2021. The company offers 92.5% Hallmark certified sterling silver and brass jewelry, idols, gift items, and a variety of products.
According to financials, the company has a market capitalization of Rs 12.454 billion. In the first half of 2023, net sales were 1.189 billion, and net profit was 213 million. In 5 days the stock was up more than 39.69% and in less than a month the stock was up. multi bagger 116.12% return against BSE small cap It was down 2.75%. Investors should keep an eye on this multibagger stock.