1:10 stock split effect: Multibagger SME stock Cellecor Gadget turns ₹1.10 lakh to ₹7.45 lakh in one year | Stock Market News

Indian Stock Market Multibagger SME stock Cellecor Gadget has turned ₹1.10 lakh to ₹7.45 lakh in alightly more than one year since listing and helped by the stock split of  1:10

Collecor Gadget shares that  were listed on the exchange during September 2023 have turned multibagger now

The Cellecor Gadgets IPO was a book built issue of ₹50.77 crores, which included fresh issue of 55.19 lakh shares and there was no portion of shares being offered sale. The Cellecor Gadgets IPO price band had been set at ₹87 to ₹92 per share. Since the minimum lot size for an application was 1200 for the Cellor Gadets IPO, taking into consideration the price band and the lot size of the IPO, the retail investors were required to make minimum . investmenst of ₹1,10,000. For High networth investment  the minimum lot size  was 2 lots (2,400 shares. Hence the minium investment required by the HNI stood at ₹ ₹2,20,800.

Stock Split details

While the shares were listedon the NSE SME, the company also rewarded investors and the stock was split from one share of face value of ₹10 to 10 shares of face values of ₹1 each.

Consequent to the sub-division of the face value of the equity shares of the Company, the alteration of capital clause of Memorandum of Association of the Company was also made. The Board had fixed Friday, 09th August 2024 as Record Date for the purpose of determining the eligibility of Shareholders for the proposed sub – division/split in nominal value

Multibagger returns by Cellecor Gadgets

The Share price of Collecor Gadgets now trades at ₹62.10 per share on the NSE. Hence the investors who had bought Cellecor Gadgets shares at the time of the IPO having spend ₹1,10,000 for 1200 shares, now find their investment having turned ₹7,45,200 adjusting for the stock split. CollecorGadget shares have given multibagger returns to investors since their listing till now

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