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Our Coverage in Economic Times newspaper in Pg No 8 on 21 April 2017 on listing of shares of Dollar Industries on NSE.
“The stock is expected to benefit from the consumption boom and good brand,” says Narottam Dharawat, a Mumbai-based broker, who deals in unlisted shares.
Dollar Industries was sold at Rs 700-800 range by us when it was unlisted. Later on the company gave 1:2 bonus shares. There is no lock-in in this shares. So these shares can be sold on very first day also once trading begins. The stock was trading above Rs 1,500 on 27 April 2017.
Shares of Dollar Industries’ rival Lux Industries were sold from Rs 100 and it went to hit Rs 4,000. Giving 40x (40-bagger) returns to investors in just three years.
There are many such highly profitable opportunities for wealth creation in unlisted shares.