GENERAL30 Sept 2026
SME IPO multibaggers: 400% returns in 8 months - Apsis Aerocom, Grover Jewells soar post listing | What’s driving surge? | Stock Market News
Two SME (small and medium enterprise) IPOs have turned multibaggers in about eight months. Apsis Aerocom and Grover Jewells are up 420% and 410% from their issue prices, helped by defence and healthcare orders and thin trading volumes. Both swing sharply, hitting circuit limits. If you hold such small-cap stocks, treat the gains as high-risk and check your exit plan.
Key Statutory Highlights
- Apsis Aerocom listed on 18 March 2026 at a 39% premium and has since gained around 420% from its IPO price.
- Apsis Aerocom won a ₹4.30 crore healthcare work order on 16 September and a ₹5 crore defence supply order from a domestic aerospace client.
- The Apsis Aerocom IPO raised ₹35.77 crore at a price band of ₹104 to ₹110 per share and was subscribed 120.24 times.
Actionable Advice for Taxpayers / Founders:If you are thinking of buying or holding these SME counters, study the company's order book and daily trading volumes yourself before acting. These stocks move circuit to circuit, so avoid putting in money you may need soon, and consider checking with a SEBI-registered adviser.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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