Making big money in the stock market often means holding onto investments for a long time. However, sometimes stocks or IPOs can grow rapidly in a short period. Pavna Industries’ IPO is a great example of this.
Pavna Industries launched its IPO in February 2021 at ₹165 per share, listing on the NSE SME Emerge platform at the same price. Despite a flat start, the stock surged over the next three years, reaching a high of ₹640.85 per share in January 2024. Today, the stock is trading around ₹490, which is nearly 200% higher than the IPO price.
Here’s a quick look at Pavna Industries’ stock history:
- IPO Price: ₹165 per share
- Listing Date: March 9, 2021
- Peak Price: ₹640.85 in January 2024
- Current Price: Around ₹490
If you had bought one lot of 800 shares during the IPO, you would have invested ₹1,32,000. Today, that investment would be worth ₹3,92,000, almost tripling in value.
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