Multibagger stock becomes 6 times in 15 months, announces stock split

Informing Indian exchange about stock split decision, Servotech Power Systems Ltd said, “The Board of Directors of Servotech Power Systems Limited (“Company”), upon recommendation of its sub-Committees, at its meeting held on 7th December, 2022 has inter-alia considered, approved and taken on record the sub-division (split) of Equity Share of the Company having a face value of Rs. 10 each (fully paid-up) into one (1) Equity Share of face value of Rs. 2/- each (fully Paid-up).”

Shares of Servotech Power Systems Ltd are one of the multibagger stocks that Indian stock market has produced in last one year. The NSE SME stock is not just one of the multibagger stocks in India but it is one of the multibagger IPOs as well. The NSE SME stock was launched at ₹31 apiece in 2017 and today this multibagger SME stock is quoting ₹162 per equity share, which is around 5 times of its issue price. So, the SME stock has delivered whopping return to its IPO allottees including those shareholder who failed to get company shares during allotment process.

The SME stock had a par listing on NSE SME exchange but after listing, the stock has delivered stellar return to its investors. If an IPO investor had remained invested in this SME stock till date after allotment of shares, its ₹1.24 lakh would have turned to ₹6.34 lakh today, delivering more than 400 per cent return to IPO investors in last five years.

The small-cap company was in news last month for bagging Bharat Petroleum Corporation Limited (BPCL) order worth ₹46.2 crore. The EV charging solution company was awarded a major project by Bharat Petroleum Corporation Limited (BPCL) to supply and install 800 units of DC fast EV Chargers at different locations across the country in the next four months.