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2 SME supplies debuted on Oct 10; both transformed multibaggers with approximately 355% returns!

Amit Mudgill

2 SME debutants Concord Control Solution as well as Silicon Rental Solutions, that made market debuts on the exact same day, October 10, are trading at degrees that are greater than increase the rate at which the shares were released to IPO capitalists. While Concord Control, currently had a solid listing, the scrip improved gains as well as is up 355 percent because its October 10 listing. Silicon Rental Solutions had instead a soft listing on October 10, however the scrip has actually leapt 117 percent because.

The Rs 5.96 crore Concord Control Solution IPO ranged from September 27 to September 29 as well as was subscribed a monstrous 202.41 times. The supply obtained noted at Rs 109.95 on BSE over its concern rate of Rs 55. The design (commercial devices) business last stood at Rs 250.35 an item, up 355.18 percent.

In instance of Silicon Rental Solutions, the supply had a soft listing at Rs 80 on October 10, versus a concern rate of Rs 78. The scrip last traded at Rs 169.45, up 117.24 percent. This IPO ranged from September 28 to September 30 as well as was subscribed 2.89 times.

Silicon Rental Solutions is an IT devices contracting out business, participated in giving end-to-end IT devices on a rental as well as returnable basis in India. The business gives laptop computers, desktop computers, printers, web servers as well as various other peripherals like CCTV cams, projectors, storage space gadgets, and so on generally to tiny, tool as well as huge business.

Silicon Rental Solutions, a component of SME IPO index, has actually struck a high of Rs 186.70 as well as a reduced of Rs 80 throughout its 2 months of listing.

Concord Control Solution, on the various other hand, is participated in business of production as well as supply of coach-related as well as electrification items for Indian Trains as well as various other Train Specialists. The business makes items called for in train trains like Inter-Vehicular Coupler, Emergency Situation Illumination System, Brushless DC carriage follower, Exhaust followers, Wire Jackets, Bellows and so on. as well as items called for in the electrification of trains as well as wide scale network of Indian Trains like Battery Battery Charger 200 AH, Battery Battery Charger 40 AH, Tensile Screening Maker.

This scrip, likewise a component of SME IPO index, has actually struck a high of Rs 298.90 as well as a reduced of Rs 109.95 throughout its 2 months of listing.

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