Sachin Tendulkar is considered the best player in the world of cricket. He is not just a master blaster of the game. He also makes tremendous gains in investment. One of his recent investments is a testimony to his expertise in this field.
An investment in which Tendulkar got a whopping return of 531% in just a few months. So what is this company and how has Tendulkar made so much return in it? We will tell you all this in this report.
 |
| Sachin made Rs 31 crore in share market from Rs 5 crore |
Sachin made Rs 31 crore in share market from Rs 5 crore
Tendulkar's Remarkable 531% Return
Cricket icon Sachin Tendulkar had staked ₹5 crore in the company nine months ago. In such a short time, he got a full return of 531% on this investment. Now let's talk about the company in which Tendulkar has earned this huge amount. The name of this company is Azad Engineering.
Azad Engineering's IPO Impact
The IPO of this company came in the same month and its shares were listed on the stock exchanges on Thursday. Tendulkar made a huge profit of 26.5 crore rupees on the day of its listing. However, he has not sold these shares and this is a notional return.
The interesting thing is that recently there was an auction of players in the IPL. The most expensive player in this is Mitchell Starc. A bid of 24.75 crore rupees was made for him. Now see that Tendulkar earned more money than this in just one investment and just nine months.
Azad Engineering About
Earlier this year, Tendulkar had invested around ₹5 crore in Azad Engineering. This company manufactures precision forge and machine components. The company provides products and services to global OEMs.
This includes the Energy, Aerospace & Defense, and Oil & Gas sectors. Tendulkar held 4,38,210 shares of Azad after the pre-IPO stock split and bonus issue.
Azad Engineering IPO
According to this, the buy cost of these shares of Tendulkar comes to only ₹ 114.1. The company's IPO came at the end of this month and the company has raised Rs 740 crore from this IPO.
However, Tendulkar has not sold his stake in the IPO. This shows how much confidence he had in the functioning of the company and the rise in its shares.
Azad's shares were listed on NSE at ₹720 on Thursday. The issue price of its shares was ₹524 per share. In such a situation, all those investors who were lucky to get shares in its IPO made a 37.4% profit from the issue price at the time of listing. Sachin Tendulkar's investment of ₹5 crore has now turned into ₹31.5 crore.
Other investors on Azad Engineering IPO
It is not that only Tendulkar has made big money in the IPO of Azad Engineering. PV Sindhu, Saina Nehwal, and VVS Laxman had also invested in this Hyderabad company. They too have received good profits from it.
All of them had invested ₹1 crore in the company, but their buy price was double that of Tendulkar. The average buy price of these players was ₹ 228.17 per share. Hence, on the day of listing, they also made a 215% profit on their investment. The value of their stake became ₹ 3.15 crore.
Read Also:
- Ranbir Kapoor, Alia Bhatt Daughter Raha first look
- Boy broke marriage for Creta: Fined Rs 17.25 lakh
- Vivek Bindra Net Worth: Entrepreneurship
- Corona New Variant JN.1: How Dangerous it is
Conclusion
Azad Engineering's IPO received a strong response from investors. Investors subscribed to the issue 80.6 times. Now it remains to be seen how much further this stock will rise.
How did you like the news of the bid? Let us know in the comments. Stay tuned to see more business news with QuickScope Times.
