The Bondada Engineering IPO commenced on August 18, 2023, and concluded on August 22, 2023. The allotment of shares took place on August 25, 2023, and the initiation of refunds began on August 28, 2023. The shares were credited to the demat accounts of investors on August 29, 2023. Finally, the listing of Bondada Engineering on the stock exchange occurred on August 30, 2023.
The Bondada Engineering IPO was priced at ₹75 per share, with a lot size of 1600. The total issue size was ₹42.72 crores, comprising a fresh issue of ₹42.72 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Bondada Engineering IPO Basic Details
| Company Name | Bondada Engineering Limited |
| Domain of Company | EPC, O&M, Telecommunications and Solar Energy Sectors |
| Bondada Engineering IPO GMP Today | ₹62 |
| Bondada Engineering IPO Listing Gain | 82.67% |
| Bondada Engineering IPO Open Date | August 18, 2023 |
| Bondada Engineering IPO Close Date | August 22, 2023 |
| Bondada Engineering IPO Allotment Date | August 25, 2023 |
| Bondada Engineering 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 |
Bondada Engineering IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 28 August 2023 | ₹62 | 82.67% | – | – |
| 27 August 2023 | ₹62 | 82.67% | – | – |
| 26 August 2023 | ₹62 | 82.67% | – | – |
| 25 August 2023 | ₹62 | 82.67% | – | – |
| 24 August 2023 | ₹45 | 60.00% | – | – |
| 23 August 2023 | ₹45 | 60.00% | – | – |
| 22 August 2023 | ₹45 | 60.00% | – | – |
| 21 August 2023 | ₹45 | 60.00% | – | – |
| 20 August 2023 | ₹25 | 33.33% | – | – |
| 19 August 2023 | ₹25 | 33.33% | – | – |
| 18 August 2023 | ₹20 | 26.67% | – | – |
| 17 August 2023 | ₹20 | 26.67% | – | – |
| 16 August 2023 | ₹16 | 21.33% | – | – |
| 15 August 2023 | ₹16 | 21.33% | – | – |
| 14 August 2023 | ₹16 | 21.33% | – | – |
| 13 August 2023 | ₹0 | 0.00% | – | – |
Bondada Engineering IPO Details:
Established in 2012, Bondada Engineering Limited offers a range of services to businesses in the telecom and solar energy sectors. These services encompass engineering, procurement, and construction (EPC), as well as operations and maintenance (O&M) support.
The company specializes in passive telecom infrastructure solutions. These solutions encompass the construction, installation, operation, and upkeep of telecom towers. The scope includes civil, electrical, and mechanical components. Additionally, the company provides equipment like poles, towers, and optical fiber cables. Its clientele includes prominent telecom firms and tower operators in India. Notably, Bondada Engineering has completed over 11,600 telecom tower and pole installations, with 7,700 completed in the past three fiscal years.
Bondada Engineering also offers O&M services to telecom and tower operators. This entails proactive and corrective maintenance for passive infrastructure, backup power systems, staffing solutions, and riggers supply. The company also handles surveillance and corrective maintenance for optical fiber cable routes and other maintenance needs.
The company’s manufacturing hub, located in Keesara Mandal, Medchal, Telangana, boasts a tower fabrication capacity of around 12 thousand metric tons per annum (MTPA).
As for its workforce, Bondada Engineering employs over 550 individuals.
Bondada Engineering IPO More Details Click Here
Bondada Engineering IPO FAQs
When is Bondada Engineering IPO open?
Bondada Engineering IPO will open on 18 August 2023.
When is Bondada Engineering IPO Close?
Bondada Engineering IPO will be closed on 22 August 2023.
What is Bondada Engineering IPO GMP Today?
The Bondada Engineering IPO GMP aka Grey Market Premium is ₹62.
What is Bondada Engineering IPO Kostak Rates Today?
The Bondada Engineering IPO Kostak Rate is ₹000.
What is Bondada Engineering IPO Subject to Sauda Price Today?
The Bondada Engineering IPO subject to sauda rates is ₹000.
Bondada Engineering IPO Expected Returns?
The Bondada Engineering expected return is 82.67%.
How much will be the listing gain in Bondada Engineering IPO?
Bondada Engineering IPO will get listing gain of 82.67%. (Approx.)
