Sachin Tendulkar, who retired from cricket, is now making his mark in the share market as well. Actually, the company in which he had invested took entry in the share market on 28 December 2023. In fact, the IPO of Azad Engineering created a stir as soon as it was listed in the market and gave 37 percent profit on the very first day.
After the tremendous listing of Azad Engineering, Sachin Tendulkar has earned crores of rupees in a few hours. In fact, the shares of Azad Engineering Limited were listed at Rs 720 after a 37 percent jump from the issue price of Rs 524.
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Sachin Tendulkar invested Rs 5 crore in Azad Engineering
9 months ago in March 2023, former great cricketer Sachin Tendulkar had invested Rs 5 crore in Azad Engineering Limited at the rate of Rs 3,425 per share. After bonus and splits, Sachin’s average came to Rs 100 per share. After the listing on Thursday (December 28), Tendulkar’s investment of Rs 5 crore has become Rs 31 crore after a profit of Rs 26 crore.
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Sachin Tendulkar Apart from this, other stars also made huge profits
Apart from Sachin Tendulkar, other players like former cricketer VVS Laxman, Indian badminton star PV Sindhu, Saina Nehwal and Nikhat Zareen had invested Rs 50 lakh at the rate of Rs 6,000 per share. After listing in the stock market, the investment value of these stars increased to Rs 3.1 crore.
Let us tell you that the IPO of Azad Engineering Limited was open for subscription on 20th December and was available for investment till 22nd December. After which it was listed on 28 December.
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