Bondada Engineering IPO vs Sungarner Energies IPO

Comparison between Bondada Engineering IPO and Sungarner Energies IPO.

IPO Details

Bondada Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sungarner Energies IPO is a SME Fixed Price proposed to list at NSE SME.

	Bondada Engineering IPO	Sungarner Energies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Vivro Financial Services Pvt.Ltd.	Fast Track Finsec Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bondada Engineering IPO is up to ₹40.56 Cr whereas the issue size of the Sungarner Energies IPO is up to ₹4.83 Cr. The final issue price of Bondada Engineering IPO is ₹75.00 per share and of Sungarner Energies IPO is ₹83.00 per share.

	Bondada Engineering IPO	Sungarner Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹75.00 per share	₹83.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	54,08,000 shares	5,82,400 shares
Fresh Issue Size (Amount)	up to ₹40.56 Cr	up to ₹4.83 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	54,08,000 shares	5,82,400 shares
Issue Size Total (Amount)	up to ₹40.56 Cr	up to ₹4.83 Cr

IPO Timetable

Bondada Engineering IPO opens on Aug 18, 2023, while Sungarner Energies IPO opens on Aug 21, 2023. The closing date of Bondada Engineering IPO and Sungarner Energies IPO is Aug 22, 2023, and Aug 23, 2023, respectively.

	Bondada Engineering IPO	Sungarner Energies IPO
Anchor Bid Date
Issue Open	Aug 18, 2023	Aug 21, 2023
Issue Close	Aug 22, 2023	Aug 23, 2023
Basis Of Allotment (Tentative)	Aug 25, 2023	Aug 28, 2023
Initiation of Refunds (Tentative)	Aug 28, 2023	Aug 29, 2023
Credit of Share (Tentative)	Aug 29, 2023	Aug 30, 2023
Listing date (Tentative)	Aug 30, 2023	Aug 31, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Bondada Engineering IPO P/E ratio is 6.56, as compared to Sungarner Energies IPO P/E ratio of 13.07.

Bondada Engineering IPO

Sungarner Energies IPO

Financials

Bondada Engineering IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	17,091.69	15,761.73	25,115.46
Total Income	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

Amount in ₹ Lakhs

Sungarner Energies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	318.19	536.27	1,014.67
Total Income	536.43	797.66	1,765.33
Profit After Tax	15.72	57.50	74.31
Net Worth	98.73	156.23	320.54
Reserves and Surplus	52.23	109.73	152.66
Total Borrowing	103.78	226.62	424.11

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.00

84.94

Promoter Shareholding (Post-Issue)

63.33

61.49

P/E Ratio

6.56

13.07

Market Cap

₹162.02 Cr.

₹19.25 Cr.

ROE

22.77%

31.17%

ROCE

35.63%

25.28%

Debt/Equity

1.07

1.32

EPS

₹11.43

₹6.35

RoNW

22.77%

23.18%

Shares Offered

In the Bondada Engineering IPO Retail Individual Investors (RII) are offered 27,04,000 shares while in Sungarner Energies IPO retail investors are offered 27,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Bondada Engineering IPO and in Sungarner Energies IPO.

	Bondada Engineering IPO	Sungarner Energies IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	57,600 shares
QIB
NII	27,04,000 shares	2,91,200 shares
RII	27,04,000 shares	2,91,200 shares
Employee
Others
Total	54,08,000 shares	5,82,400 shares

Bids Received (Subscription)

Bondada Engineering IPO subscribed 112.28x in total, whereas Sungarner Energies IPO subscribed 152.40x.

	Bondada Engineering IPO	Sungarner Energies IPO
QIB (times)
NII (times)	115.46x	110.59x
Big NII (times)
Small NII (times)
RII (times)	100.05x	192.93x
Employee (times)
Other (times)
Total (times)	112.28x	152.40x

Compare with others

Bondada Engineering IPO	Sungarner Energies IPO
C P S Shapers IPO	Pramara Promotions IPO
Mono Pharmacare IPO	Saroja Pharma IPO
Sungarner Energies IPO	Basilic Fly Studio IPO
Sahaj Fashions IPO	C P S Shapers IPO
Shoora Designs IPO	Mono Pharmacare IPO
Crop Life Science IPO	Sahaj Fashions IPO
Shelter Pharma IPO	Shoora Designs IPO
Sangani Hospitals IPO	Bondada Engineering IPO
Yudiz Solutions IPO	Crop Life Science IPO
Zeal Global Services IPO	Shelter Pharma IPO