Bondada IPO: What does the latest GMP signal ahead of listing; check key details
IPO listing date has been fixed for tomorrow i.e. Wednesday, August 30 on BSE SME. Bondada Engineering IPO opened for subscription on Friday, August 18, and closed on Tuesday, August 22.
Bondada Engineering IPO subscription status was 112.28 times on day 3. The issue received positive response from retail investors who's portion set was subscribed 100.05 times, and non-institutional buyers who's portion set was subscribed 115.46 times, according to data on chittorgarh.com. Bondada Engineering IPO subscription status was 70% on day 1, and the issue was subscribed 17.54 times on day 2.
Bondada Engineering IPO allotment date was took place on Friday, August 25. The initiation of the refund process started on Monday, August 28, for individuals not given shares. Those allotted will receive their shares in their demat accounts today (Tuesday, August 29).
Let's check what does Bondada IPO GMP today signal ahead of listing. Bondada Engineering Limited IPO GMP or grey market premium on Tuesday was +62 similar to the previous trading session. This indicates Bondada share price were trading at a premium of ₹62 in the grey market on Tuesday, according to topsharebrokers.com Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Bondada share price is ₹137 apiece, which is 82.67% higher than the IPO price of ₹75.
Bondada Engineering IPO GMP on Sunday was ₹50. According to topsharebrokers.com, today's IPO GMP trend indicates upside and expects a strong listing tomorrow. The lowest GMP is recorded at ₹0 while the highest GMP is ₹62.
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