Multibagger IPO: SME stock Bondada Engineering turns ₹1.2 lakh to ₹4.2 lakh in two months

livemint.com:

Multibagger IPO: Investing in initial public offerings (IPOs) is like investing in business. Hence, if an investor is conviced about the business model and sutained returns of the company, then one should hold the stock as long as one can, proided he or she get the share allotted during allotment process. This would not only help the allottee to reap listing gains but further benefit on post-listing gains.

Interestingly, his return will be counted from the listing price that would help him grow his money many-folds in quick time. To understand how an allottee's money grows at a faster rate after listing, a stock market investor needs to look at the journey of Bondada Engineering shares from primary to secondary market. Bondada Engineering IPO was launched in August 2023 at a price band of ₹75 per equity share.

The issue listed on BSE SME platform on 30th August 2023 at a premium of 90 per cent. However, if an allottee had remained invested in the SME stock despite whopping return given by the SME stock on share listing date, it would have earned much more today. Ashish Kacholia raises stake in this stock during Q2.

Share hits life-time high Bondada Engineering share price has been ascending since listing and today it hit a new high of ₹268.30 apiece on BSE, delivering to the tune of 250 epr cent return to the allotees who remained invested in the stock till date. As mentioned above, Bondada Engineering IPO was launched at ₹75 apiece and it has remained a money making stock for its invstors since it forayed from primary to secondary market. It listed at ₹142.50 apiece on BSE SME platform on 30th August 2023.