Bondada Engineering IPO: Check latest GMP, other issue details ahead of opening
Bondada Engineering IPO is an SME IPO and a fixed price issue. Here are the key things to know about Bondada Engineering IPO: Bondada IPO Dates: Bondada Engineering IPO opens on August 18, Friday, and will close on August 22, Tuesday. The company will fix the basis of allotment on August 25 and initiate refunds on August 28.
The Bondada Engineering shares are likely to be credited to the eligible investors’ demat accounts on August 29. Bondada Engineering IPO Price Band: Bondada Engineering IPO is a fixed price issue and the shares will be sold at ₹75 apiece in the issue. The face value of each share is ₹10.
Bondada Engineering IPO Size: Bondada IPO consists of fresh issue of 56.96 lakh equity shares aggregating to ₹42.72 crore. There’s no offer for sale (OFS) component. Also Read: Concord Biotech IPO: What does GMP signal about the listing? Bondada Engineering IPO Lot Size: The minimum lot size of the IPO is 1,600 shares.
The minimum investment amount required for retail investors is ₹120,000. Bondada IPO Listing Date: The Bondada Engineering IPO shares are expected to be listed on August 30, Wednesday, at the BSE SME platform. Bondada IPO Objective: According to the company's Red Herring Prospectus (RHP) it intends to utilise the gross proceeds from the issue for meeting long-term working capital requirements, and general corporate purposes.
Bondada Engineering IPO Lead manager, Registrar: The lead manager for the public issue is Vivro Financial Services Private Ltd, and the registrar is KFin Technologies Ltd. Bondada Engineering IPO Reservation: The company has reserved 35% of the shares in the IPO for retail investors. The market maker portion is 2.88 lakh shares.
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