Incorporated in 2012, Bondada Engineering Limited specializes in delivering comprehensive engineering, procurement, and construction (EPC) services alongside diligent operations and maintenance (O&M) solutions, primarily catering to the telecom and solar energy sectors.
Within the telecom industry, the company takes a pivotal role by offering passive telecom infrastructure services. This entails a comprehensive spectrum of offerings including the construction, erection, operation, and maintenance of telecom towers, encompassing civil, electrical, and mechanical components. Moreover, they facilitate the supply of poles and towers, engage in the laying and upkeep of optical fiber cables, and provide essential power equipment. These services are extended to prominent telecom companies and tower operators across the Indian landscape. Impressively, Bondada Engineering has successfully installed over 11,600 telecom towers and poles. A noteworthy feat is that 7,700 of these installations transpired within the last three fiscal years.
Furthermore, Bondada Engineering’s prowess extends to the domain of operations and maintenance. They provide meticulous O&M services to telecom and tower operating entities. This spans the gamut from cell site maintenance, incorporating both preventive and corrective measures, to the upkeep of passive infrastructure and associated equipment. Their expertise encompasses backup power systems, a proficiently managed workforce, riggers’ supply, surveillance, and the critical maintenance of optical fiber cable routes and related facilities.
The company’s manufacturing stronghold is strategically positioned in Keesara Mandal, Medchal, Telangana, boasting an impressive installation capacity of approximately 12 thousand metric tons per annum for tower fabrication.
With a dedicated team of over 550 proficient professionals, Bondada Engineering Limited stands as a stalwart in delivering seamless and top-tier services within the telecom and solar energy sectors.
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 | [.] |
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 |
Bondada Engineering IPO Reservation #
Bondada Engineering IPO a total of 5,696,000 shares are offered. RII: 2,704,000 (47.47%), NII: 2,704,000 (47.47%).
Anchor Investor Shares Offered | – |
Market Maker Shares Offered | 288,000 (5.06%) |
Other Shares Offered | 2,704,000 (47.47%) |
Retail Shares Offered | 2,704,000 (47.47%) |
Total Shares Offered | 5,696,000 (100%) |
Bondada Engineering IPO Timetable (Tentative) #
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 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 |
Lot Size Calculator |
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 | 63.33% |
Company Financials #
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 #
KPI | Values |
---|---|
P/E (x) | 6.56 |
ROE | 22.77% |
ROCE | 35.63% |
Debt/Equity | 1.07 |
EPS (Rs) | 11.43 |
RoNW | 22.77% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet long-term working capital requirements, and
- General corporate purposes.
Bondada Engineering IPO Subscription Status (Bidding Detail) #
The Bondada Engineering IPO is subscribed 112.28 times on Aug 22, 2023 7:02:00 PM. The public issue subscribed 100.05 times in the retail category, times in the QIB category, and 115.46 times in the NII category.
Category | Subscription (times) |
---|---|
Other | 115.46 |
Retail | 100.05 |
Total | 112.28 |
Total Application : 146,586 (86.74 times)
Bondada Engineering IPO Prospectus #
- Bondada Engineering IPO DRHP
- Bondada Engineering IPO RHP
Company Contact Information #
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 #
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bondada Engineering IPO Lead Manager(s) #
FAQs #
What is the issue type of the Bondada Engineering IPO? #
The Bondada Engineering IPO is a Fixed Price Issue IPO.
Where will the Bondada Engineering IPO be listed? #
The Bondada Engineering IPO will be listed on the BSE SME.
How many equity shares does the Bondada Engineering IPO offer to retail investors? #
The Bondada Engineering IPO offers 2,704,000 equity shares to retail investors.
When did the Bondada Engineering IPO open for subscription? #
The Bondada Engineering IPO opened for subscription on August 18.
What is the price band for the Bondada Engineering IPO? #
The price band for the Bondada Engineering IPO is ₹75 per share.
How many working days does the IPO share allotment process take? #
The IPO share allotment process takes 6 working days from the issue closing date.
What is the total issue size of the Bondada Engineering IPO? #
The total issue size of the Bondada Engineering IPO is 5,696,000 equity shares.
Please note that for more accurate and up-to-date details, it’s recommended to refer to the official sources and resources.