Shares were received under IPO at a price of Rs 1503
Good recovery was seen in the stock market today. On Tuesday, Sensex closed with a good gain of 694 points and Nifty by 217 points. Investors heaved a sigh of relief today amidst the long-running heavy decline in the Indian market. However, in the meanwhile, there was also a company whose share was not affected by the fall and it is continuously seeing huge growth. You will be surprised to know that the share price of this company has increased by 128.67 percent in just 8 days. Yes, we are talking about the shares of Vari Energies.
Shares were received under IPO at a price of Rs 1503
Under the IPO of Vaari Energies, which opened on October 21 and closed on October 23, investors were allotted shares at a price of only Rs 1503. On October 28, the company’s shares were listed at Rs 2500 with a huge premium of 66.3 percent. The rise seen in the company’s shares on the day of listing continued even after 8 days. On Tuesday, shares of Waari Energies closed at Rs 3437.00 with a sharp rise of 14.93 percent (Rs 446.40).
Rs 10 lakh converted into Rs 25.73 lakh
That means, the investors who had received shares under the IPO of Vaari Energies, the value of their shares has increased by 128.67 percent. In this way, if an investor had invested Rs 10 lakh in its IPO, today his Rs 10 lakh would have become Rs 25.73 lakh. Let us tell you that during trading today i.e. on Tuesday, the price of shares of the company had reached Rs 3568.80, which has also become its new 52 week high. The 52 week low of the company’s shares is Rs 2300, which had gone down due to profit booking on the day of listing.
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