This IPO of 75 rupees will make 80% profit, listing can be done at 135 rupees

Bondada Engineering Limited (BEL), a company belonging to the infrastructure sector, could make a bang-up entry in the stock market. The company’s shares are scheduled to be listed on the stock exchange on Wednesday. Shares of Bondada Engineering have received tremendous response in the gray market. On the morning of August 30, the company’s shares are trading at a premium of 80% in the gray market.

Shares of the company can be listed at 135 rupees.
Bondada Engineering’s IPO has a price band of Rs. was 75. According to Topshare Brokers, the company’s shares in the gray market traded at Rs. 60 are being traded at a premium. In such a situation, the shares of the company can be listed around Rs.135. That is, investors who put money in the company’s IPO on the day of listing can get 80% profit. Shares of Bondada Engineering BSE The SME will be listed in the exchange. The company’s IPO was open for subscription on August 18 and remained open till August 22.

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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 100.05 times. Whereas, other quotas have been subscribed 115.46 times in the IPO. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO has 1600 shares. That is, investors had to invest a minimum of Rs 1,20,000. The total size of Bondada Engineering’s public issue is up to Rs 42.72 crore.

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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.