Read on the application
Bondada Engineering’s IPO has received tremendous response. The IPO of Bondada Engineering, which provides engineering, procurement and construction services to companies in the telecom and solar energy industries, has been oversubscribed 112 times. Even in the gray market, the company’s shares are trading at a huge premium. Bondada Engineering’s IPO opened on August 18 and closed on August 22.
More than 53% profit can be made on the first day itself
Bondada Engineering IPO price band Rs. is 75. Shares of the company are currently traded in the gray market at Rs. 40 are being traded at a premium. Accordingly, the company’s shares may be listed around Rs.115. That is, investors can gain more than 53% on the listing of the company’s shares. Allotment of shares in Bondada Engineering’s IPO may take place on August 25, 2023. At the same time, the company’s shares may be listed on the exchange on August 30.
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The IPO has been subscribed more than 112 times
Bondada Engineering’s IPO has been subscribed a total of 112.28 times. The retail quota of the company’s IPO has been subscribed 100.25 times. At the same time, non-institutional investors (NII) have subscribed 115.46 times the quota. Bondada Engineering’s total public issue size is Rs. 42.72 crores. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO has 1600 shares.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.