Intimation of receipt of Trading approval.
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Bondada Engineering has received trading approval from BSE for 18,16,190 equity shares allotted on a preferential basis to Promoter and Non-Promoter categories. The shares have a face value of Rs. 2 each and were issued at a premium of Rs. 589.90, taking the effective issue price to Rs. 591.90 per share. Total value of the allotment works out to approximately Rs. 107.5 crore. These newly issued shares will start trading on the BSE exchange from Friday, May 2, 2025.
Existing shareholders should note a potential dilution of roughly 1-2% (subject to current share count) as new shares enter the trading pool. The high premium suggests strong pricing for the company, but near-term share price may face mild supply pressure as lock-in periods apply to these allottees.