Bondada Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 142.50 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 75.00.
The company, which raised 0.57 Cr from initial public offering, was subscribed 106.75 times, receiving bids for 6,080.48 lakhs shares against the total issue size of 56.96 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Aug 18 to Aug 22.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Vivro Financial Services Private Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 65,075.82, up 79.22 points, or 0.12 per cent.