Multibagger IPO, April 8 -- Vishal Fabrics has made its IPO investors reap hefty profits, thanks to a series of corporate actions, from stock splits to bonus shares.

If an investor had applied for its public offer in 2014 and received allotment, then their initial investment of Rs.1.35 lakh would have swelled to Rs.7.80 lakh as of today, April 8, garnering multibagger returns.

Vishal Fabrics' SME IPO, which hit the Indian stock market some 11 years ago, offered retail investors 3,000 shares in one lot at an issue price of Rs.45 apiece. This means an investor would have had to invest Rs.1,35,000 ( Rs.45 X 3,000) for one lot.

While the current price of Vishal Fabrics is Rs.28.90 (as of day's high on April 8), the IPO investors have still...