Bondada Engineering Share Price Soars to New Heights!
Investing in the stock market comes with risks, but in recent months, the number of investors has been on the rise. Some shares have delivered strong returns to their investors, with Bondada Engineering being one of them. The company’s IPO price in August 2023 was Rs. 75. By March 28, 2024, Bondada Engineering shares crossed the Rs. 850 mark, giving investors a return of over 1000% in just 8 months.
Bondada Engineering’s share reached a high of Rs. 949.95 in 52 weeks, while the low was Rs. 142.50. The IPO opened for investment on August 18, 2023, at a price of Rs. 75 per share. The shares were listed on the stock exchange on August 30, 2023, at Rs. 142.50. Since then, the share price has surged, currently trading at Rs. 878 on April 1, 2024.
The IPO was oversubscribed by 112.28 times, with retail investors subscribing 100.05 times and other categories at 115.46 times. The IPO size was Rs. 42.72 crore. Bondada Engineering shares are listed on the BSE SME platform. The promoter’s stake in the company has decreased from 86% to 63.33%.
Exciting times ahead for Bondada Engineering shareholders as the share price continues to climb! 📈💰
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
