Bondada Engineering locked in upper circuit, closes with 99.5% gains on listing day
The trading volume in Bondada Engineering on the first day was 18.75 lakh shares
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The trading volume in Bondada Engineering on the first day was 18.75 lakh shares
In the Nifty pack, 29 stocks closed in the green, while 21 stocks ended in the red.
Rishabh Instruments IPO | The offer comprises a fresh issuance of shares worth Rs 75 crore and an offer-for-sale (OFS) of Rs 415.78 crore by promoters and investor.
The IPO of Bonada Engineering was subscribed by a massive 106.65 times at close. The issue received bids of 60,74,99,200 shares against the offered 56,96,000 equity shares.
Considering the consistent selling pressure, the benchmark indices may try to rebound, but unless and until we get strong positive triggers, the rangebound trend may continue in the coming week too, experts said.