Winro Commercial India Reaps Rs 2.15 Crore Profit from LG Electronics IPO
Winro Commercial, a smallcap NBFC, made a one-day profit of Rs 2.15 crore from the LG Electronics India IPO. The company invested Rs 4.27 crore to acquire 37,482 shares at Rs 1,140 per share. LG Electronics listed at Rs 1,715, a 50.40% premium. The IPO was 54 times oversubscribed, receiving bids worth Rs 4 lakh crore. Post-investment, Winro's shares traded 5% higher at Rs 244.45 on NSE.
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Winro Commercial , a smallcap Non-Banking Financial Company (NBFC), has successfully capitalized on the recent Initial Public Offering (IPO) of LG Electronics India, generating a substantial one-day profit of Rs 2.15 crore.
Investment Strategy and Returns
Winro Commercial India, with a market value of Rs 30.26 crore, employed a strategic approach to its investment in the LG Electronics IPO:
| Aspect | Details |
|---|---|
| Investment Amount | Rs 4.27 crore |
| Shares Acquired | 37,482 |
| Issue Price | Rs 1,140.00 per share |
| Listing Price | Rs 1,715.00 per share |
| Listing Day Value | Rs 6.42 crore |
| Listing Premium | 50.40% |
| Profit | Rs 2.15 crore |
The company's investment strategy involved leveraging, with total bids placed worth Rs 748 crore for the IPO.
LG Electronics IPO Performance
The LG Electronics India IPO proved to be one of the most sought-after offerings:
- Subscription Rate: 54 times oversubscribed
- Total Bids Received: Worth Rs 4 lakh crore
- Notable Achievement: Broke the 'Rs 10,000 crore IPO curse'
Market Response and Analyst Ratings
The strong market debut of LG Electronics has garnered positive attention from analysts:
- Received seven buy ratings post-listing
- Emkay Global set a price target of Rs 2,050.00
Impact on Winro Commercial India's Stock
Following this successful investment:
- Winro's shares were trading 5% higher
- Current trading price: Rs 244.45 on NSE
This strategic investment in the LG Electronics IPO has demonstrated Winro Commercial India's ability to capitalize on market opportunities, potentially boosting investor confidence in the smallcap NBFC's investment acumen.
Historical Stock Returns for Winro Commercial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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