SME IPO multibaggers: 400% returns in 8 months - Apsis Aerocom, Grover Jewells soar post listing | What’s driving surge?
A ipo & listings development with market-wide reach.
· LiveMint Markets
Apsis Aerocom and Grover Jewells have seen exceptional stock performance, gaining 420% and 410% since their IPOs. Apsis secured significant contracts in defense and healthcare, while Grover's shares are experiencing strong momentum amid thin trading volumes.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The immediate tone of coverage reads positive.
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