Shares of Multibagger SME Cellecor Gadgets are up 150% in six months since listing. Do you own them?

Multiple Growth Stocks: Cellecor Gadgets share price listed on NSE SME Emerge platform at the end of September 2023. SME shares were trading flat when listed on NSE ₹92 per unit, compared to the NSE SME IPO price range ₹87 to ₹92 per equity share. The Cellecor Gadgets IPO was launched in mid-September 2023 with the aim of generating ₹50.77 crore from this book build issue. The book build issue received a strong response from primary market investors as it was subscribed over 116 times in four days of bidding from September 15, 2023 to September 20, 2023.

The SME IPO was booked over 124 times in the retail category, while the NII segment was booked over 176 times. However, despite the strong subscription status, the SME stock traded at ₹92 per share. The story doesn’t end here. After being listed at ₹The SME stock, which was trading at $92 per share, saw strong selling pressure after listing and hit an intraday low of around ₹88 per share on NSE. However, the stock witnessed a low of the day and managed to close above its quote price. The share price of Cellecor Gadgets ended at ₹USD 96.60 per share on the trading day.

Cellecor Gadgets share price history

After a positive end to the trading day, the Cellecor Gadgets share price continued its upward trend and reached its highest level in history ₹355 per unit, which is almost a 300 percent increase compared to the offer price ₹92 per share. However, the SME multibagger shares posted a profit and pulled back from record highs. On Wednesday, the Cellecor Gadgets share price ended at ₹227 per unit, which is almost 150 percent higher than the offer price.

So, if the SME IPO allottee had remained invested in the NSE-listed stock till now, despite the stock’s flat opening, his absolute return on investment would have increased to 150 per cent. If the investor had bought the SME stock on the listing day, his absolute return on investment should have been the same 150 per cent.

Cellecor Gadgets News

The NSE-listed company has been in the news recently for the launch of its air conditioner line. Over the years, Cellecor has been delivering a wide range of products like mobile phones, smart TVs, washing machines, kitchen appliances, smart wearables and hearing devices, ensuring customer satisfaction. It has conquered the home appliance market and is now firmly expanding its roots in the growing demand for air conditioners. Cellecor’s commitment to offering end-to-end technology solutions has led us to introduce air conditioners.

As part of the company’s long-term development plans, Cellecor has entered the home appliance market and has seen significant growth in this segment. This success has prompted Cellecor to expand its product offering. In April this year, Cellecor plans to introduce a new line of air conditioners, providing affordable comfort to valued customers.

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