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Soon one more company is going to enter the stock market. This company is Bondada Engineering belonging to infrastructure sector. The shares of the company will be listed on the stock market on 30 August 2023. Shares of Bondada Engineering are getting a strong response in the gray market. The company’s shares are trading at a premium of around 80 percent in the gray market.
Rs. 75 price band, GMP Rs. Reached 59
Bondada Engineering’s IPO has a price band of Rs. is 75. The gray market premium of the company’s shares has increased to Rs.59. In such a situation, shares of Bondada Engineering can be listed around Rs.134. That is, investors who bet on a company’s IPO can make a profit of around 80% on the day of listing itself. The company’s IPO was open for subscription on August 22 and remained open till August 25.
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The company’s 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. While other quotas were subscribed 115.46 times in the company’s IPO. Bondada Engineering’s total public issue size is Rs. 42.72 crores. Retail investors can apply for 1 lot in a company’s IPO. 1 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.