Ashish Kacholia multibagger stock surged 35 per cent in just two trading sessions!
The stock has doubled the investor money in just one month since listing.
Vasa Denticity Ltd is in the business of marketing and distributing a comprehensive portfolio of dental products, including consumables, instruments, equipment, and accessories for diagnosing, treating and preventing dental conditions, as well as improving the aesthetics of the human smile. It operates through its online portal Dentalkart.com, which is accessible via its website and mobile application Dentalkart. The company hosts a wide range of domestic and international brands offering thousands of dental products.
Vasa Denticity shares were listed on the NSE SME exchange on June 2, 2023 at a premium of 65 per cent, with an initial price of Rs 211 per share compared to the price band of Rs 121 to Rs 128 per equity share. On June 30, 2023 investor Ashish Kacholia showed bullishness and acquired a stake in the company. Kacholia purchased 4.39 lakh equity shares through open market transactions at an average price of Rs 302.59 per share. However the Founders Collective Fund sold 1.2 lakh equity shares at an average price of Rs 301 per share and Maven India Fund sold 85,000 shares at an average price of Rs 303.71 per share.
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Following the news of Kacholia's investment, the company's shares experienced significant buying momentum. From a closing price of Rs 290 the shares surged and closed today at Rs 392.35, representing a 35.29 per cent increase. Today alone the shares surged by 19.67 per cent from Rs 327.85 and reached a fresh 52 week high at Rs 393.40. This means that Vasa IPO has emerged as a multibagger IPO for its allottees doubling their investment in a month since listing.