Multibagger stock, April 14 -- An SME stock that listed just nine months ago has delivered a stunning 250% return to its IPO allottees, emerging as a multibagger in a short span of time.

The stock in question is Sathlokhar Synergys E&C Global Limited, which got listed on the NSE SME platform in August 2024. The company's SME issue, opened on July 30, 2024 and closed on August 2, 2024, was priced at Rs.140 per share and witnessed a phenomenal demand.

The SME IPO was overall subscribed 211.13 times with investors bidding for 89.26 crore shares as against 42.28 lakh on offer.

The non-institutional investors category was subscribed the most at 382.11 times followed by the qualified institutional buyers quota, which was bid 171.55 times. Me...