Bondada Engineering IPO Details ( Bondada Engineering Limited IPO Review )
(18 Aug 2023 – 22 Aug 2023)
Established in 2012, Bondada Engineering Limited offers a range of services in engineering, procurement, and construction (EPC), as well as operations and maintenance (O&M), catering to businesses in the telecommunications and solar energy sectors.
The company specializes in passive telecom infrastructure solutions, encompassing tasks like cell site construction, telecom tower erection, operational management, and ongoing maintenance. Their services encompass civil, electrical, and mechanical aspects, including supplying poles and towers, laying and caring for optical fiber cables, providing power equipment, and delivering various other telecom infrastructure services to prominent telecom firms and tower operators across India. Bondada Engineering has an impressive record of deploying more than 11,600 telecom towers and poles, with 7,700 installations completed in the recent three fiscal years.
Furthermore, Bondada Engineering extends its expertise to operations and maintenance support for telecom and tower-operating enterprises. This includes comprehensive cell site upkeep involving preventive and corrective maintenance for passive infrastructure and associated equipment. Additionally, the company manages backup power systems, supplies skilled personnel, including riggers, ensures surveillance, and carries out corrective maintenance for optical fiber cable routes and other relevant facilities.
Bondada Engineering’s manufacturing facility, situated in Keesara Mandal, Medchal, Telangana, boasts an installation capacity of approximately 12,000 metric tons per annum (MTPA) for tower fabrication.
With a dedicated team of over 550 employees, Bondada Engineering remains at the forefront of providing essential services to the telecommunications and solar energy industries.
Bondada Engineering Limited IPO Competitive Strength
- Strong project management and execution capability
- Long term contracts for telecom and solar projects providing visibility on future revenues
- Managing diverse business operations amidst growing demand
- Experienced management team and dedicated employee base
Bondada Engineering IPO Financials Performance ( Results )
Bondada Engineering Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 17,091.69 | 28,832.29 | 920.55 | 5.91 | 4,775.88 | 4,693.88 | 4,667.31 |
| 31-Mar-22 | 15,761.73 | 33,420.96 | 1,013.53 | 6.51 | 5,789.41 | 5,707.41 | 3,803.23 |
| 31-Mar-23 | 25,115.46 | 37,095.77 | 1,825.19 | 11.43 | 7,837.54 | 6,246.93 | 8,422.65 |
Objective of IPO Issue
- To meet long-term working capital requirements
- General corporate purposes
Bondada Engineering IPO Basic Details
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | Wednesday, 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 |
| Share holding pre issue | 15,906,059 |
| Share holding post issue | 21,602,059 |
| Company Promoters | Raghavendra Rao Bondada, Neelima Bondada And Satyanarayana Baratam |
Bondada Engineering IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Bondada IPO Timetable
Bondada IPO will open on August 18, 2023 and close on August 22, 2023. You can join Bondada IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 18 August 2023 (Friday) |
| Closing Date | 22 August 2023 (Tuesday) |
| Basis of Allotment | 25 August 2023 (Friday) |
| Initiation of Refunds | 28 August 2023 (Monday) |
| Credit of Shares to Demat | 29 August 2023 (Tuesday) |
| Listing Date | 30 August 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 22 August 2023 |
Bondada Engineering IPO Lot Size
For retail investors in Bondada Engineering IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| S-HNI (Min) | 2 | 3200 | ₹240,000 |
Bondada Engineering IPO Promoter Holding
The company’s promoters include Raghavendra Rao Bondada, Neelima Bondada And Satyanarayana Baratam.
| Pre Issue Share Holding | 86.00% |
| Post Issue Share Holding | – |
Bondada Engineering Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹11.43 per Equity Share |
| Net Asset Value (NAV) | ₹49.27 per Equity Share |
| P/E Ratio (P/E) (x) | 8.88 |
| Return on Net Worth (RoNW) (%) | 22.77 |
| Return on equity (ROE) (%) | 22.77 |
| Return on Capital Employed (ROCE) (%) | 35.63 |
| Debt/Equity Ratio | 1.07 |
Bondada Engineering Ltd Peer Comparison
As the company is engaged in multiple businesses, we believe that there are no comparable listed companies in India whose business portfolio is comparable with that of our business. Accordingly, it is not possible to provide an industry comparison in relation to our Company.
Bondada Engineering IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 28 August 2023 | ₹62 | – | – |
| 27 August 2023 | ₹62 | – | – |
| 26 August 2023 | ₹62 | – | – |
| 25 August 2023 | ₹62 | – | – |
| 24 August 2023 | ₹45 | – | – |
| 23 August 2023 | ₹45 | – | – |
| 22 August 2023 | ₹27 | – | – |
| 21 August 2023 | ₹27 | – | – |
| 20 August 2023 | ₹25 | – | – |
| 19 August 2023 | ₹25 | – | – |
| 18 August 2023 | ₹20 | – | – |
| 17 August 2023 | ₹20 | – | – |
| 16 August 2023 | ₹16 | – | – |
| 15 August 2023 | ₹16 | – | – |
| 14 August 2023 | ₹16 | – | – |
| 13 August 2023 | ₹0 | – | – |
Bondada Engineering IPO Detail Video:
Bondada Engineering IPO Subscription Status (Bidding Detail)
The Bondada Engineering IPO on August 22, 2023 at 7:29:00 PM 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 Prospectus
| Bondada Engineering IPO DRHP | Download |
| Bondada Engineering IPO RHP | Download |
| Bondada Engineering IPO Anchor Investors Details PDF | Download |
Bondada Engineering IPO Rating
| Our Rating | 2.0/5.0 |
Bondada Engineering Company Contact Information
Bondada Engineering Limited
Registered Office: 1-1-27/37, Ashok Manoj Nagar Kapra, Hyderabad – 500062, Telangana, India
Corporate Office: Plot No. 11 & 15, 3rd Floor Surya PPR Towers,
Ranga Reddy, Hyderabad 500062, Telangana, India
Website: www.bondada.net
E-Mail: cs@bondada.net
Telephone No: +91 72070 34662
Company Secretary and Compliance Officer: Sonia Bidlan
Corporate Identity Number: U28910TG2012PLC080018
Promoter Of Our Company: Raghavendra Rao Bondada, Neelima Bondada
And Satyanarayana Baratam
Bondada Engineering IPO Registrar
Kfin Technologies Limited
Registered Office: Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500 032, Telangana, India.
Telephone: +91 40 6716 2222
E-mail: bel.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221
Bondada Engineering IPO Lead Manager
Vivro Financial Services Private Limited
Registered Office: 607/608 Marathon Icon, Opp. Peninsula Corporate Park,
Off. Ganpatrao Kadam Marg, Veer Santaji Lane,
Lower Parel, Mumbai – 400 013, Maharashtra, India.
Telephone: +91 22 6666 8040
E-mail: investors@vivro.net
Website: www.vivro.net
Investor Grievance E-mail: investors@vivro.net
Contact Person: Viral Shah / Anshul Nenawati
SEBI Registration Number: INM000010122
Bondada Engineering IPO FAQs
What is the lot size of Bondada Engineering IPO?
The total size of Bondada Engineering IPO is ₹42.72 crores and this is a complete fresh Issue.
When will Bondada Engineering IPO start?
Bondada Engineering IPO will open from 18 August 2023 and IPO will close on 22 August 2023.
What is the open date of Bondada Engineering IPO?
Bondada Engineering IPO will open date from 18 August 2023.
What is the last date ( close date ) of Bondada Engineering IPO?
Bondada Engineering IPO will close from 22 August 2023.
What is the price band of Bondada Engineering IPO?
Bondada Engineering IPO price band is ₹75.
What is the minimum amount required to apply for Bondada Engineering IPO?
The minimum investment for retailers to apply for Bondada Engineering IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Bondada Engineering IPO?
View gray market premium of Bondada Engineering IPO by Clicking Here
How much is the GMP of Bondada Engineering IPO?
Watch Bondada Engineering IPO GMP Today: Click Here
What is the allotment date of Bondada Engineering IPO?
The allotment date of Bondada Engineering IPO is 25 August 2023.
How to check allotment status in Bondada Engineering IPO?
To check the allotment status of Bondada Engineering IPO, first of all go to the registrar website by clicking here, select your bad Bondada Engineering IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Bondada Engineering IPO?
The listing date of Bondada Engineering IPO is 30 August 2023.
How much will be the listing gain in Bondada Engineering IPO?
View listing gain of Bondada Engineering IPO by Clicking Here
How much time Bondada Engineering IPO is subscribed?
Total 112.28 times subscribed in Bondada Engineering IPO out of which 100.05 times subscription was done in retail quota, 115.46 times subscription in other quota.
How to apply for Bondada Engineering IPO from Upstox?
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