An IPO that came 9 months ago has given returns of more than 2400%. This is the IPO of Bondada Engineering. The company’s IPO came in August last year. The share price of Bondada Engineering in the IPO was Rs 75. Shares of Bondada Engineering closed at Rs 1955.05 on 15 May 2024. The 52-week high level of the company’s shares is Rs 1958.75. The 52-week low level of Bondada Engineering shares is Rs 142.50. Bondada Engineering is involved in the telecom infrastructure industry.
Company’s shares rose by 387% in 6 months
Shares of Bondada Engineering have seen a huge jump of 387% in the last 6 months. The company’s shares were at Rs 401.50 on November 16, 2023. Shares of Bondada Engineering closed at Rs 1955.05 on 15 May 2024. At the same time, so far this year, the shares of Bondada Engineering have seen a tremendous rise of 369%. The shares of the company were at Rs 417.10 at the beginning of this year on January 1, 2024, which 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.
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A jump of more than 2400% compared to the issue price
The IPO of Bondada Engineering was opened on 18 August 2023 and it remained open till 22 August. The share price of the company in IPO was Rs 75. Shares of Bondada Engineering were listed at Rs 142.50 on August 30, 2023. After listing, the company’s shares rose sharply to Rs 149.62. Since then, there has been a tremendous rise in the shares of the company. The shares of the company closed at Rs 1955.05 on 15 May 2024. As against the issue price of Rs 75, shares of Bondada Engineering have risen by more than 2400%. The company’s IPO has been subscribed a total of 112.28 times. The quota of retail investors in the company’s IPO was subscribed 100.05 times.
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