Bondada Engineering had an impressive debut on the BSE SME exchange on August 30, 2023, opening at ₹142.50 per share, a 90% premium for allottees. The stock continued to rise, hitting ₹149.62 per share on the same day. Despite narrowly doubling the investment for those who bought at ₹75 per share, it quickly reached ₹185.95 per share, becoming a standout multi-bagger SME IPO within just a week. The IPO was launched in August 2023 at ₹75 per share, raising ₹42.72 crore. The subscription period ran from August 18 to 22, allotments were finalized on August 25, and refunds were initiated on August 28. Trading began on August 30, 2023. Retail investors could apply in lots of 1,600 shares, making the minimum investment ₹1.20 lakh. Within a week, the stock surged to ₹185.95 per share, resulting in a 2.47x return. A ₹1.20 lakh investment would now be worth nearly ₹2.97 lakh.