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Multibagger IPO: NSE SME Stock Doubles Investors’ Money in Just Seven Months!

Investing in stocks, much like running a business, requires patience and belief in the long-term potential. Investors who hold onto their shares can often see significant gains. This principle applies to IPOs as well. One such success story is the E Factor Experiences IPO, which hit the market in September 2023.

The IPO, initially priced between ₹71 to ₹75 per share, made its debut on the NSE SME Emerge platform on October 9, 2023. Investors were thrilled as the stock opened at ₹115, marking a massive 53.33% increase from its IPO price. The excitement didn’t stop there; the stock soared to a record high of ₹208 before experiencing some profit-taking.

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Today, the E Factor Experiences stock is trading at ₹162 per share, doubling investors’ money in just under seven months.

E Factor Experiences Financial Highlights:

  1. Turnover: The company’s revenue surged from ₹113.9 crore in FY 2022-23 to an impressive ₹142.1 crore in FY 2023-24, showcasing significant growth.
  2. Profit Before Tax (PBT): E-Factor’s PBT more than doubled, jumping from ₹9.27 crore to ₹20 crore, highlighting its robust financial health.
  3. Profit After Tax (PAT): The PAT witnessed a remarkable increase of nearly 116%, reaching ₹14.9 crore compared to ₹6.9 crore in the previous financial year, indicating exceptional profitability.
  4. Earnings Per Share (EPS): The EPS on expanded equity stands at ₹11.42, up from ₹7.18 in the previous financial year, demonstrating substantial shareholder value.

Looking ahead, the company’s board is optimistic about the fiscal year 2024-25, forecasting a top-line growth of 40% to 50%. This positive outlook is expected to further strengthen E-Factor’s market position and enhance shareholder value.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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