Stock Split: The share of Bondada Engineering Ltd is going to be split in the stock market next week. If you’re keen to benefit from this split of stock, investors will have a last chance to do so today on Friday.
Let the company know, the shares of the company are going to be split into 5 parts. Today, after the fall in the shares of the company, there has been a rise of more than 2 percent.
Monday Is The Record Date
The company has announced in its announcement to the stock market that shares with a face value of 10 rupees will be split into five parts.
Following the split of stock, the face value of shares issued by the company will fall to 2 per share.
The company has set the record date for this split as 2 September 2024 on a Monday. That is, on this day the shares of the company will be split into 5 parts.
The Company Has Given Great Returns
The IPO of Bondada Engineering Ltd came in August 2023. When the IPO of the company came, the issue price was Rs 75. Since then, the company’s share price has seen a 4400 % rise.
This year the share price of the company has experienced an increase of 717 percent.
In the same way, investors who have held the shares for six months have earned a return of 272 % to date. On Friday, the share of the company increased.
The company’s share jumped nearly 2 %, to 3,495 rupees at 11 am on BSE. Earlier, the company’s share opened with a decline on the last trading day of the week.
What Do They Do?
Bondada Engineering Ltd is an infrastructure solution provider firm. The company works in the telecommunications, renewable energy, and construction sectors.
Quick Fact
Bondada Engineering
| Company Name | Bondada Engineering |
|---|---|
| Face Value Before Split | ₹10 |
| Face Value After Split | ₹2 |
| Record Date | 2 September 2024 |
| IPO Issue Price | ₹75 |
| Share Price Increase | 4400 percent |
| Annual Share Price Increase | 717 percent |
| 6-Month Return | 272 percent |
| Recent Share Price | ₹3495 |
| Industry | Infrastructure solutions, Telecommunications, Renewable Energy, Construction |
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