New Delhi, May 21 -- Shares of Siyaram Recycling Industries Ltd, a BSE SME-listed company backed by ace investor Mukul Agrawal, have rewarded shareholders handsomely since its IPO debut in December 2023. The stock has zoomed 202 percent, rising from its issue price of Rs.46 to Rs.139, delivering multibagger returns in just one and a half years.

An investment of Rs.15,000 in the IPO would now be worth over Rs.45,000, showcasing the potential of well-timed entries in quality SME counters. The company's IPO was a Rs.22.96 crore book-built issue, comprising a fresh issue of 49.92 lakh shares, and witnessed healthy investor participation.

In terms of market performance, the stock has gained over 71 percent in the last one year alone. It has ...