1:10 stock split effect: Multibagger SME stock Cellecor Gadget turns ₹1.10 lakh to ₹7.45 lakh in one year
Live MintIndian 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. 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. 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.