Focus Lighting and Fixtures IPO was launched in March 2017 at a price band of Rs 45 and today it is priced at Rs 313.70 per share, which means the small-cap stock has given 600% returns in last six years .
Image Credit source: NewsNCR
Multibagger IPO: Shares of Focus Lighting and Fixtures Ltd. (Focus Lighting and Fixtures Shares) those multibagger stocks (Multibagger Shares) are one of the. This NSE SME stock has grown from the level of around Rs 75 to the level of Rs 313.70 in the last one year. This means that the company has given more than 300 per cent return to the investors in a year. By the way, SME Stock is also one of the multibagger IPOs. The company’s IPO was launched in March 2017 at a price band of Rs 45 and today its price has reached Rs 313.70 per share, which means the small-cap stock has given a return of 600 per cent in the last six years.
How the company’s share increased in the last 6 years
As we informed that Focus Lighting & Fixtures Limited IPO was offered at a price band of Rs.45. This public issue of Rs 4.05 crore was listed on NSE SME Exchange on 13 April 2017. SME Stock opened well and the company’s stock opened at Rs 54 with a premium of 20 per cent. If an investor is still connected at the time of IPO, then the stock has given a return of 600 percent i.e. 7 times during this period.
7 times return in 6 years
The issue price of SME IPO was Rs 45 per share. One lot of which consisted of 3,000 shares. This means, an applicant was required to apply for at least one lot investing Rs.1.35 lakh (Rs.45 x 30,000) in one lot. Therefore, the minimum investment of the investor would have been Rs 1.35 lakh. Therefore, if an investor would have held on to this stock even today, his 1.35 lakhs today would have been Rs 9.45 lakhs i.e. the investor would have got 7 times return in these six years.
what is the current status
The shares of Focus Lighting & Fixtures are available for trading on NSE and it closed on Friday with a trading volume of around ₹318 crore. Its trade volume was a little over 30,000 on Friday, while the average volume of the last 20 days was 1,38,702. This means that the trade volume of NSE SME stocks on Friday was much lower than its average volume of last 20 days. Its 52-week high level is 333.90 while its 52-week low level is 71.25.
: Language Inputs