One of the best SME IPO is KMEW (Knowledge Marine Engineering Works). Given hafty return to their investors and still steam intake in it. May go for a huge multibegger.
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July 22, 2023 11:37:54 AM
IPO Guru (1300+ Posts, 1200+ Likes)
The good fundamental stocks having strong promoters have always given fantastic and unbelievable returns to its investors. Today I am talking about PNGS Gargi. It's entry in the capital market December 2022 @ 30 Rs. Only. After that it touched ATH : 201 , But later on it could not sustain its level and touched it ATL @100 . But the fundamentals always speaks and yesterday it again closed @191. Just less than a year the investment value becomes more than 6 times. Can anyone thinks this type of returns in short term? But this is the reality. It's still going great. Hence in stock market the selection and patience always rewards to the investors. There are numbers of other stocks too which have changed the life of the investors which is unbelievable for others to understand. 😀😉🥰😎
Also, it's current PE is 5 appx (after results) against industry PE of 30+ and having ROE & ROCE more than 100%. Paying regular dividends. At times you get suspicious and wary of such issues.
@ratna ratna I respect everyone in this form. I don't promote any IPOs, just wanted to let you know. Updating the most recent Grey Market Premiums for the benefit of our friends in this forum. I will share my thoughts. Once can take a call based on that. I never tell anybody to apply an IPO.