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Bondada Engineering IPO is a fixed price issue of ₹42.72 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹42.72 crore.
Bondada Engineering IPO bidding started from Aug 18, 2023 and ended on Aug 22, 2023. The allotment for Bondada Engineering IPO was finalized on Aug 25, 2023. The shares got listed on BSE SME on Aug 30, 2023.
Bondada Engineering IPO price is ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Vivro Financial Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Bondada Engineering IPO RHP for detailed Information.
| IPO Date | August 18, 2023 to August 22, 2023 |
| Listing Date | August 30, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 56,96,000 shares (aggregating up to ₹42.72 Cr) |
| Reserved for Market Maker | 2,88,000 shares Rikhav Securities Ltd. (aggregating up to ₹2.16 Cr) |
| Net Offered to Public | 54,08,000 shares (aggregating up to ₹40.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,59,06,059 shares |
| Share Holding Post Issue | 2,16,02,059 shares |
Bondada Engineering IPO offers total 56,96,000 shares. Out of which 27,04,000 (47.47%) allocated to NII, 27,04,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.06%) |
| NII (HNI) Shares Offered | 27,04,000 (47.47%) |
| Retail Shares Offered | 27,04,000 (47.47%) |
| Total Shares Offered | 56,96,000 (100.00%) |
Bondada Engineering IPO opens on August 18, 2023, and closes on August 22, 2023.
| IPO Open Date | Fri, Aug 18, 2023 |
| IPO Close Date | Tue, Aug 22, 2023 |
| Tentative Allotment | Fri, Aug 25, 2023 |
| Initiation of Refunds | Mon, Aug 28, 2023 |
| Credit of Shares to Demat | Tue, Aug 29, 2023 |
| Tentative Listing Date | Wed, Aug 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 22, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.
The company provides passive telecom infrastructure services which include cell site construction, erection, operation, and maintenance of telecom towers with civil, electrical, and mechanical works; supply of poles and towers, laying and maintenance of optical fiber cables, supply of power equipment and other telecom infrastructure related services to major telecom companies and telecom tower operators in India. The company has installed over 11,600 telecom towers and poles out of which, 7,700 telecom towers and poles were installed in the last three fiscal.
Bondada Engineering also provides O&M services to telecom and tower operating companies such as cell site maintenance with preventive and corrective maintenance of passive infrastructure and equipment, backup power systems, manning services and supply of riggers, surveillance, and corrective maintenance of optical fiber cable routes and other maintenance related facilities.
Bondada's manufacturing facility is located in Keesara Mandal, Medchal, Telangana, with an installation capacity of ~12 thousand MTPA for tower fabrication.
The company has over 550 employees.
| 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 |
The market capitalization of Bondada Engineering IPO is ₹162.02 Cr.
| KPI | Values |
|---|---|
| ROE | 22.77% |
| ROCE | 35.63% |
| Debt/Equity | 1.07 |
| RoNW | 22.77% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] BEL is engaged in an integrated infrastructure segment with EPS and OM services. It has posted steady growth in its top and bottom lines and has an order book worth Rs. 1520 as of March 31, 2023. Based on FY23 earnings, the issue is lucratively priced. Investors may consider parking funds for medium to long-term rewards. Read detail review...
| Listing Date | August 30, 2023 |
| BSE Script Code | 543971 |
| NSE Symbol | |
| ISIN | INE0Q8P01011 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹142.50 |
| Low | ₹142.50 |
| High | ₹149.62 |
| Last Trade | ₹149.62 |
Bondada Engineering Ltd.
1-1-27/37,
Ashok Manoj Nagar Kapra,
Hyderabad - 500062
Hyderabad, Telangana
Phone: +91 72070 34662
Email: cs@bondada.net
Website: https://bondada.net/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Bondada Engineering IPO is a SME IPO of 56,96,000 equity shares of the face value of ₹10 aggregating up to ₹42.72 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on August 18, 2023, and closes on August 22, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bondada Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Bondada Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bondada Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bondada Engineering IPO opens on August 18, 2023 and closes on August 22, 2023.
Bondada Engineering IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Bondada Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bondada Engineering IPO will be done on Friday, August 25, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 29, 2023. Check the Bondada Engineering IPO allotment status.
The Bondada Engineering IPO listing date is on Wednesday, August 30, 2023.
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