Bondada Engineering IPO

Bondada Engineering IPO will open for subscription from 18 August 2023. the company aims for an issue size of ₹42.72 Cr through this IPO.

Company Overview

Full nameBondada Engineering Limited
IndustryEngineering – Construction
Company Website

About Company

Incorporated in 2012, Bondada Engineering is an ISO 9001:2015 certified integrated infrastructure company engaged in the business of providing engineering, procurement, and construction (“EPC”) services and operations and maintenance (“O&M”) services to its pan India customers operating in the telecom and solar energy industry. The company has over 550 employees.

Bondada Engineering provides passive telecom infrastructure services which include turnkey services for 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, it has installed over 7,700 telecom towers and poles in the last three fiscal.

The company 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 Objective of the Issue

  • To meet long-term working capital requirements,
  • General corporate purposes.

IPO Timetable

IPO Opening date18 August 2023
IPO Closing22 August 2023
Basis of Allotment25 August 2023
Initiation Refund28 August 2023
Credit to Demat Account29 August 2023
Listing Date30 August 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹42.72 Cr – 5,696,000 shares
Fresh Issue₹42.72 Cr – 5,696,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹75 per share
Lot size1600 Shares
Market maker portion288,000 shares
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11600₹120,000
Retail (Max)11600₹120,000
HNI (Min)23,200₹240,000

Reservation Details

Other Shares Offered50%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income9.2110.1418.25
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio6.56
RONW (%)19.2717.5122.77
ROCE (%)28.7129.7235.63
EBITDA (%)6.085.978.41

Company Promoters

  • Raghavendra Rao Bondada
  • Neelima Bondada
  • Satyanarayana Baratam

Promoter Holding

Pre Issue Share Holding86%
Post Issue Share Holding63.33%

Lead Manager(s)

607/608 Marathon Icon, Opp. Peninsula Corporate Park,
off. Ganpatrao Kadam Marg, Veer Santaji Lane, Lower Parel, Mumbai – 400 013
Phone: +91 22 6666 8040

IPO Registrar

Selenium, Tower-B, Plot 31& 32,
Gachibowli Financial District Nanakramguda,
Hyderabad – 500032, Telangana, India
Phone: +91-40-6716-2222

Contact Details

Plot No. 11 & 15, 3rd Floor Surya PPR Towers,
Ranga Reddy, Hyderabad 500062, Telangana, India
Phone: +91 72070 34662

Allotment Status

Bondada Engineering IPO allotment status will be available on KFin Tech website. Click on this link to get allotment status.

Final thoughts

Bondada Engineering IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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