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Adding another name to our list of well-performing small stocks, Eki Energy is the newest entrant on our list of stocks providing stellar returns in minimal time.
EKI Energy Services Limited (EESL) was incorporated in 2011 and provides climate change, carbon credit, and sustainability solutions. The Company offers carbon credit, asset management, carbon footprint management, sustainability audits, and quality control and management training. It serves customers worldwide and has several large clients such as the World Bank, NTPC, NHPC, Airport Authority of India, Indian Railways, and Softbank Group's SB Energy.
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The IPO of EESL was open for subscription from 24th March 2022 to 26th March 2022 wherein the price of the share was set at Rs 102 per share. The total issue size was a modest Rs 18.60 crores. One notable point was that each lot had 1200 shares, bringing the subscription amount to Rs 122,400 per lot!
The stock was listed on BSE on 8th April 2021, where it was listed at Rs 154.35 per share, marking a listing premium of 51.3%. In less than a month, the stock's value doubled and after 40 days of listing, the stock's value tripled.
By 3rd August 2021, the stock had reached Rs 1,738.40 per share, after jumping 5% for 19 consecutive trading sessions! After that day, the stock declined for the first time since listing where it dropped over 20% in the next four trading sessions.
However, it resumed its climb once again. It declined a few times, but maintained an uptrend till 24th January 2022, when it touched a lifetime high of Rs 12,599.95 per share! After that, the share declined and trading in the stock was not as volatile. It closed at a price of Rs 7,200 per share on Friday, registering a marginal decline of 0.55% that day.
If an investor had invested in the IPO and received an allotment of the shares, if he had held onto it till date, his investment of Rs 122,400 would've appreciated to Rs 8,640,000 in a time span of a year. This translates to an ROI of roughly 6,960%!!
Article by Aman Agarwal.
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