Fixed Price IPO | ₹43 Cr | Listed at BSE SME | Fri, Aug 18, 2023 - Tue, Aug 22, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 18, 2023
IPO Close
Tue, Aug 22, 2023
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹162.02 Cr
| IPO Date | 18 to 22 Aug, 2023 |
| Listed on | Wed, Aug 30, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,96,000 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker | 2,88,000 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 54,08,000 shares (agg. up to ₹41 Cr) |
| Net Offered to Public | 54,08,000 shares (agg. up to ₹41 Cr) |
| Share Holding Pre Issue | 1,59,06,059 shares |
| Share Holding Post Issue | 2,16,02,059 shares |
| BSE Script Code | 543971 |
| ISIN | INE0Q8P01011 |
Bondada Engineering IPO comprises a total issue size of 56,96,000 shares. The net offer to the public is 54,08,000 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 27,04,000 (50.00%) allocated to NII 27,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,04,000 | 50.00% | 47.47% |
| Retail Shares Offered | 27,04,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.06% | |
| Total Shares Offered | 56,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 251.15 | 157.62 | 170.92 |
| Total Income | 370.96 | 334.21 | 288.32 |
| Profit After Tax | 18.25 | 10.14 | 9.21 |
| NET Worth | 78.38 | 57.89 | 47.76 |
| Reserves and Surplus | 62.47 | 57.07 | 46.94 |
| Total Borrowing | 84.23 | 38.03 | 46.67 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet long-term working capital requirements; and | 35.00 |
| 2 | General Corporate Purposes. | 5.41 |
| KPI | |
|---|---|
| ROE | 22.77% |
| ROCE | 35.63% |
| Debt/Equity | 1.07 |
| RoNW | 22.77% |
| PAT Margin | 4.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.43 | |
| P/E (x) | 6.56 | |
| Promoter Holding | 86.00% | 63.33% |
| Market Cap | ₹162.02 Cr. |
The Bondada Engineering IPO is subscribed 112.28 times on August 22, 2023 7:02:00 PM (Day 3). The public issue subscribed 100.05 times in the retail category, [.] times in the QIB category, and 115.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 115.46 | 27,04,000 | 31,22,03,200 |
| Retail | 100.05 | 27,04,000 | 27,05,47,200 |
| Total | 112.28 | 54,08,000 | 60,72,11,200 |
Total Application : 1,46,586
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to LM and commission (including selling commission, brokerage and underwriting commission) | 1.58 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(1)(2)(3) | 0.01 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Others (i) Listing fees, SEBI filing fees, BSE processing fees and other regulatory expenses; | 0.09 |
| 5 | (ii) Printing and stationery expenses; | 0.02 |
| 6 | (iii) Advertising and marketing expenses; | 0.30 |
| 7 | (iv) Fees payable to legal counsel; | 0.09 |
| 8 | (vi) Miscellaneous (including fees payable to auditors, consultants, market research firms and other professional agencies) | 0.22 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹142.50 |
| Low | ₹142.50 |
| High | ₹149.62 |
| Last Trade | ₹149.62 |
Lead Manager Reports
Bondada Engineering IPO is a SME IPO of 56,96,000 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Aug 18, 2023, and closes on Tue, Aug 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 Fri, Aug 18, 2023 and closes on Tue, Aug 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 Tue, Aug 29, 2023. Check the Bondada Engineering IPO allotment status.
The Bondada Engineering IPO listing date is on Wed, Aug 30, 2023.
