look news india
New Delhi: There is a strong rise in the shares of Bondada Engineering. On Friday, the company's shares reached Rs 1005 with an upper circuit of 5 percent. Shares of Bondada Engineering also reached a new 52-week high on Friday. The company's stock has disappointed investors in six months. The IPO of Bondada Engineering came 6 months ago and the company's shares have given strong returns of more than 1200 percent.
IPO came at Rs 75, now it has reached Rs 1005
The IPO of Bondada Engineering was opened on 18 August 2023 and it 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 the listing, there has been a strong rise in the shares of the company. Shares of Bondada Engineering have increased by 1240 percent compared to the issue price of Rs 75. The 52-week low of the company's shares is Rs 142.50. The company's shares have increased by 141 percent so far this year. At the beginning of the year, on January 1, 2024, the company's shares were at Rs 417.10, which have now crossed Rs 1000.
112 times stake was taken in IPO
Bondada Engineering's IPO was subscribed a total of 112.28 times. The quota of retail investors in the company's IPO was subscribed 100.25 times. So in other categories the share was taken 115.46 times. Retail investors can bid for 1 lot in the company's IPO. There were 1600 shares in one lot of the IPO. That means the retail investor had to invest Rs 120,000.