The Bondada Engineering IPO started on August 18, 2023, and ended on August 22, 2023. Shares were allocated on August 25, 2023, and refund processes began on August 28, 2023. On August 29, 2023, the shares were credited to investors demat accounts. Bondada Engineering was officially listed on the stock exchange on August 30, 2023.
During the IPO, Bondada Engineering offered shares at a price range of ₹75 per share, and the lot size was 1600 shares. The total issue size was ₹42.72 crores, with ₹42.72 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Bondada IPO Subscription Update Video
Bondada Engineering IPO Subscription Status
The Bondada Engineering IPO on August 22, 2023 was subscribed 112.28 times, with the retail category being subscribed 100.05 times, the other category being subscribed 115.46 times.
| Category | Subscription |
| Other | 115.46x |
| Retail | 100.05x |
| Total | 112.28x |
Bondada Engineering IPO Basic Details
| Company Name | Bondada Engineering Limited |
| Domain of Company | EPC, O&M, Telecommunications and Solar Energy Sectors |
| IPO Open Date | August 18, 2023 |
| IPO Close Date | August 22, 2023 |
| IPO Allotment Date | August 25, 2023 |
| IPO Listing Date | August 30, 2023 |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| 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 |
| Company Promoters | Raghavendra Rao Bondada, Neelima Bondada And Satyanarayana Baratam |
About Bondada Engineering Limited
Founded in 2012, Bondada Engineering Limited offers a comprehensive range of services to enterprises in the telecommunications and solar energy sectors. These services encompass engineering, procurement, and construction (EPC), as well as operations and maintenance (O&M) solutions.
Specializing in passive telecom infrastructure services, the company undertakes tasks such as constructing, erecting, and maintaining cell sites and telecom towers, complete with civil, electrical, and mechanical components. Additionally, the company provides services like supplying poles and towers, establishing and maintaining optical fiber cables, delivering power equipment, and other related telecom infrastructure services. Bondada Engineering has a notable track record, having successfully deployed more than 11,600 telecom towers and poles, with 7,700 of them installed in the past three fiscal years.
A key aspect of Bondada Engineering’s offerings is their O&M services for telecom and tower operators. These services encompass preventative and corrective maintenance for passive infrastructure, equipment, backup power systems, and more. The company also provides staffing solutions, riggers, surveillance services, and corrective maintenance for optical fiber cable routes and other maintenance requirements.
Situated in Keesara Mandal, Medchal, Telangana, Bondada Engineering operates a manufacturing facility capable of fabricating around 12 thousand metric tons per annum (MTPA) of towers. The company boasts a workforce of over 550 dedicated professionals.
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Bondada Engineering IPO FAQs
What is the start and end date of Bondada Engineering IPO Subscription?
The Bondada Engineering IPO started on August 18, 2023, and ended on August 22, 2023.
When does Bondada Engineering IPO Subscription open?
The Bondada Engineering IPO open on August 18, 2023.
When does Bondada Engineering IPO Subscription close?
The Bondada Engineering IPO Close on August 22, 2023.
What is the allotment date of Bondada Engineering IPO?
The allotment date for Bondada Engineering IPO is August 25, 2023.
When is the initial refund date of Bondada Engineering IPO?
The initial Refund date for Bondada Engineering IPO is August 28, 2023.
When were the shares credited to investors demat accounts for the Bondada Engineering IPO?
The shares for the Bondada Engineering IPO were credited to investors demat accounts on August 29, 2023.
When will Bondada Engineering IPO be listed on the stock market?
Bondada Engineering IPO stock market will be listed on August 30, 2023 at 10 am.
What was the price range of the Bondada Engineering IPO shares?
The Bondada Engineering IPO shares were offered at a price range of ₹75 per share.
What was the lot size for the Bondada Engineering IPO shares?
The lot size for the Bondada Engineering IPO shares was 1600 shares.
What was the total issue size of the Bondada Engineering IPO?
The total issue size of the Bondada Engineering IPO was ₹42.72 crores.
How were the shares allocated among different types of investors for the Bondada Engineering IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Bondada Engineering IPO listed?
The Bondada Engineering IPO was listed on the BSE SME.
What is the Bondada Engineering IPO Subscription Status?
Bondada Engineering IPO is subscribed 112.28 Times.
