look news india
New Delhi: An IPO that came 9 months ago has already given returns of more than 2400 percent. This is the IPO of Bondada Engineering. The IPO of the company came in August last year. The share price of Bondada Engineering in the IPO was Rs 75. On May 15, 2024, shares of Bondada Engineering closed at Rs 1955.05. The 52 week high level of the company's shares is Rs 1958.75. Shares of Bondada Engineering have a 52-week low of Rs 142.50. Bondada Engineering is involved in the telecom infrastructure industry.
Company's shares increased by 387% in 6 months
Bondada Engineering shares have seen a rise of 387% in the last six months. On November 16, 2023, the company's shares were at Rs 401.50. On May 15, 2024, shares of Bondada Engineering closed at Rs 1955.05. So far this year, the company's shares have seen a rise of 369 percent. The company's shares started this year at Rs 417.10 on January 1, 2024, and reached Rs 1955.05 on May 15, 2024. In the last one month, the company's shares have seen a rise of more than 71 percent.
More than 2400% jump from the issue price
The IPO of Bondada Engineering opened on 18 August 2023 and remained open till 22 August. The company's share price in IPO was Rs 75. Shares of Bondada Engineering were listed at Rs 142.50 on August 30, 2023. After which there has been a tremendous rise in the shares of the company. On May 15, 2024, the company's shares closed at Rs 1955.05. Shares of Bondada Engineering have increased by more than 2400 percent from the issue price of Rs 75. The company's IPO was subscribed a total of 112.28 times.