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People have invested heavily in Bondada Engineering’s IPO. The company’s IPO has been subscribed more than 112 times. Bondada Engineering’s IPO is getting tremendous response in the gray market as well. Even before the listing, the company’s shares are trading at a premium of 67% in the gray market. Bondada Engineering’s IPO opened for subscription on August 18 and remained open till August 22.
The share’s GMP reached Rs.50
The gray market is also bullish on Bondada Engineering’s IPO. According to Topshare Brokers, the gray market premium for Bondada Engineering shares is Rs. has increased to 50. The price band of the company’s shares in the IPO is Rs. is 75. In such a situation Bondada Engineering’s IPO shares can be listed at Rs.125. People can get 67% profit on listing day itself.
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The company’s IPO has been subscribed more than 112 times
Bondada Engineering IPO has been subscribed a total of 112.28 times. The retail quota of the company’s IPO has been subscribed 100.05 times. Other quota has been subscribed 115.46 times. The company’s shares will be listed on the exchange on August 30. Bondada Engineering’s total public issue size is Rs. 42.72 crores. Retail investors can bid for 1 lot in a company’s IPO. 1 lot 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.