Multibagger Stock: Those who invested ₹ 1 lakh in this stock got ₹ 28 lakh in six months, now company is going to give bonus shares – those who invested rs 1 lakh in varanium cloud got a bumper return of rs 28 lakh
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The stock is listed last year
The IPO of Varenium Cloud was launched in September 2022 at a price band of Rs 122 per equity share. It was listed on 27 September 2022. It was listed on the NSE SME Exchange at Rs 131 per share at a premium of 7 per cent. The SME stock reached its all-time high of Rs 1602 on the NSE in January 2023. Since listing, this stock has given investors a bumper return of 1200 per cent.
Company going to give bonus shares
The company has recently announced the issue of bonus shares to the investors. The company had announced 1:2 stock split and issuance of 1:1 bonus shares in March 2023. In such a situation, since the listing, the shares of the investors who are holding the shares of the company have increased up to four times without any investment.
Multibagger Stock: Amazing stock! Invested ₹ 1 lakh, got ₹ 2 crore, stock of ₹ 4 reached directly beyond ₹ 900
Investors got bumper returns
The stock was launched at Rs 122 level. After the declaration of 1:1 bonus, the total number of shares held by the investors became two thousand. Now after the announcement of 1:2 stock split, this number has gone up to around four thousand. Retail investors had to deposit Rs 1.22 lakh for one lot in the IPO. If an investor had held his shares till now, then today his shareholding would have increased to 4,000 shares. Currently, the share price of Varenium Cloud is Rs 700 per share. In such a situation, if an investor had held the shares till now, then his investment would have been around Rs 28 lakh today.
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