Bondada Engineering’s Multibagger SME Stock Split Set for Monday – Last Chance to Buy for Eligibility

Bondada Engineering, a company that has seen its stock price soar by over 4,400% since its IPO at Rs 75, is set to undergo a stock split on Monday. The company, listed on the BSE SME in August 2023, previously announced a stock split in July at a ratio of 1:5, with September 2 set as the record date.

Key Details on the Stock Split

Today is the final day for investors to buy shares to be eligible for the upcoming split. The company’s board approved the stock split during a meeting on July 15, 2024. The split will divide each share with a face value of Rs 10 into five shares with a face value of Rs 2 each.

Understanding the Impact of the Stock Split

A 1:5 stock split means that for every one share an investor holds, they will receive four additional shares, resulting in five shares total. While the number of shares increases, the value of each share is proportionally reduced, so the overall value of the investment remains the same. The split also makes the stock more affordable for a broader range of investors.

Bondada Engineering’s Impressive Performance

Bondada Engineering operates across various sectors, including telecommunications, renewable energy, and construction. The company provides services such as designing and constructing optical fiber networks, building cell towers, and offering maintenance services.

The company’s shares have delivered significant returns, gaining 717% in 2024 alone and rising 272.6% over the past six months. However, on Thursday, the shares closed 5% lower at Rs 3,409 on the BSE.

This is the first time Bondada Engineering has split its shares, according to data from Trendlyne.