Bondada Engineering IPO GMP Details
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Bondada Engineering Limited, Established in 2012, is a prominent provider of comprehensive engineering, procurement, and construction (EPC) services, as well as proficient operations and maintenance (O&M) services. The company primarily caters to enterprises functioning within the telecom and solar energy sectors.
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Bondada Engineering excels in furnishing passive telecom infrastructure services, encompassing a diverse spectrum of offerings. These services encompass the construction, erection, operation, and meticulous upkeep of telecom towers, complete with civil, electrical, and mechanical expertise. The company is also adept in supplying essential poles and towers, managing the installation and maintenance of optical fiber cables, and providing crucial power equipment. Such services are essential for significant telecom enterprises and tower operators across India. Impressively, the company has successfully installed a notable tally of over 11,600 telecom towers and poles, with a substantial 7,700 installations achieved within the last three fiscal years.
Beyond its telecom prowess, Bondada Engineering extends its capabilities to encompass O&M services. These encompass a range of crucial facets, such as the vigilant maintenance of passive infrastructure and equipment at cell sites. The company’s expertise covers both preventative and corrective maintenance, ensuring the optimal operation of essential elements like backup power systems. Moreover, Bondada Engineering effectively delivers proficient personnel, including skilled riggers, surveillance experts, and maintenance professionals, facilitating seamless operations for optical fiber cable routes and other essential maintenance-related facilities.
The company’s advanced manufacturing hub is strategically positioned in Keesara Mandal, Medchal, Telangana. With an impressive installation capacity of around 12 thousand metric tons per annum (MTPA), this facility is dedicated to the fabrication of towers, underscoring Bondada Engineering’s commitment to superior quality and robust capacity.
With a dynamic workforce comprising over 550 skilled individuals, Bondada Engineering Limited emerges as a significant player, proficiently addressing the evolving needs of the telecom and solar energy industries.
Objects of the Issue
The company has a plan to employ the net proceeds generated from this issue to fund the following objectives:
- Fulfilling long-term working capital requirements.
- Supporting general corporate purposes.
Bondada Engineering IPO Details
Bondada Engineering IPO is a Fixed Price Issue. The IPO total issue size is Rs 42.72 Cr. The Bondada Engineering IPO price is ₹75 per share. The IPO will list on BSE SME.
IPO Date | Aug 18, 2023 to Aug 22, 2023 |
Listing Date | 30 August 2023 |
Face Value | ₹10 per share |
Price | ₹75 per share |
Lot Size | 1600 Shares |
Total Issue Size | 5,696,000 shares (aggregating up to ₹42.72 Cr) |
Fresh Issue | 5,696,000 shares (aggregating up to ₹42.72 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 15,906,059 |
Share holding post issue | 21,602,059 |
Market Maker portion | 288,000 shares Rikhav Securities |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Bondada Engineering IPO Reservation
Other Shares Offered | 50% |
Retail Shares Offered | Not less than 35.00% of the Offer |
Bondada Engineering IPO Lot Size
The minimum lot size of this Bondada Engineering IPO is 1600 shares required is ₹120,000.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹120,000 |
Retail (Max) | 1 | 1600 | ₹120,000 |
HNI (Min) | 2 | 3,200 | ₹240,000 |
Bondada Engineering IPO Dates
Bondada Engineering IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.
IPO Open Date | Friday, 18 August 2023 |
IPO Close Date | Tuesday, 22 August 2023 |
Basis of Allotment | Friday, 25 August 2023 |
Initiation of Refunds | Monday, 28 August 2023 |
Credit of Shares to Demat | Tuesday, 29 August 2023 |
Listing Date | Wednesday, 30 August 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Bondada Engineering Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 17,091.69 | 15,761.73 | 25,115.46 |
Revenue | 28,832.29 | 33,420.96 | 37,095.77 |
Profit After Tax | 920.55 | 1,013.53 | 1,825.19 |
Net Worth | 4,775.88 | 5,789.41 | 7,837.54 |
Reserves and Surplus | 4,693.88 | 5,707.41 | 6,246.93 |
Total Borrowing | 4,667.31 | 3,803.23 | 8,422.65 |
Key Performance Indicator of Bondada Engineering
KPI | Values |
---|---|
ROE | 22.77% |
ROCE | 35.63 |
Debt/Equity | 1.07 |
EPS (Rs) | 11.43 |
RoNW | 22.77% |
Bondada Engineering IPO Promoter Holding
Raghavendra Rao Bondada, Neelima Bondada and Satyanarayana Baratam are the promoters of the company.
Pre Issue Share Holding | 86.00% |
Post Issue Share Holding | – |
Bondada Engineering Contact Information
Bondada Engineering Limited
1-1-27/37, Ashok Manoj Nagar Kapra,
Hyderabad – 500062
Phone: +91 72070 34662
Email: cs@bondada.net
Website: https://bondada.net/
Bondada Engineering IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bondada Engineering IPO FAQs
What is Bondada Engineering IPO?
Bondada Engineering IPO is a Small and Medium Enterprise (SME) IPO offering 5,696,000 equity shares with a face value of ₹10 each, aggregating to ₹42.72 Crores. The issue is priced at ₹75 per share, and the minimum order quantity is 1600 Shares.
When does the Bondada Engineering IPO open and close?
The IPO opens for subscription on August 18, 2023, and closes on August 22, 2023.
Who is the registrar for the Bondada Engineering IPO?
Kfin Technologies Limited is the registrar for the Bondada Engineering IPO.
Where will the Bondada Engineering shares be listed?
The shares are proposed to be listed on BSE SME.
How can I apply for Bondada Engineering IPO through Zerodha?
Zerodha customers can apply for the Bondada Engineering IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), navigate to Portfolio, click on the IPOs link, find the ‘Bondada Engineering IPO’ row, and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price, then submit the IPO application form. Approve the mandate through your UPI App (net banking or BHIM).
What is the lot size of Bondada Engineering IPO?
The lot size for Bondada Engineering IPO is 1600 Shares, with a minimum amount required of ₹120,000.
How can I apply for Bondada Engineering IPO?
You can apply for Bondada Engineering IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available through the net banking of your bank account, while UPI IPO application is offered by brokers who don’t provide banking services.
When will the allotment of Bondada Engineering IPO shares occur?
The finalization of the Basis of Allotment for Bondada Engineering IPO will take place on Friday, August 25, 2023. Allotted shares will be credited to your demat account by Tuesday, August 29, 2023. You can check the Bondada Engineering IPO allotment status.
When is the expected listing date for Bondada Engineering IPO?
The Bondada Engineering IPO listing date is tentatively set for Wednesday, August 30, 2023.