Bondada Engineering Limited is engaged in the business of providing 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.
Bondada Engineering IPO – Details
| IPO Opening Date | 18 August 2023 |
| IPO Closing Date | 22 August 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 56,96,000 Shares Worth ₹42.72 Crore Fresh Issue: 56,96,000 Shares Worth ₹42.72 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 |
| Market Lot | 1600 Share |
| Min Order | 1600 Share (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Bondada Engineering IPO – Date Schedule
| IPO Open Date | 18 August 2023 |
| IPO Close Date | 22 August 2023 |
| Basis of Allotment | 28 August 2023 |
| Initiation of Refund | 29 August 2023 |
| Credit of Shares to Demat Account | 29 August 2023 |
| IPO Listing Date | 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 22 Aug, 2023 |
Bondada Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,20,000 |
| Retail (Maximum) | 1 | 1600 | 1,20,000 |
| HNI (Minimum) | 2 | 3200 | 2,40,000 |
Competitive Strengths
- Experienced management team.
- Existing relationship with customers.
- On time completion of the projects.
- Quality assurance.
- Strong management information systems.
- Scalable business model.
Company Promoters
- Raghavendra Rao Bondada
- Neelima Bondada
- Satyanarayana Baratam
Object Of The Issue
- To meet long-term working capital requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 288.32 | 276.69 | 9.20 | 46.67 |
| 31 March 2022 | 334.20 | 319.56 | 10.13 | 38.03 |
| 31 March 2023 | 370.95 | 347.18 | 18.25 | 84.22 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 6.56 |
| Market Cap (₹ Cr.) | 162.02 |
| ROE | 22.77 |
| ROCE | 35.63 |
| Debt/Equity | 1.07 |
| EPS (Rs) | 11.43 |
| RoNW | 22.77 |
Bondada Engineering IPO Promoter Holding
| Pre Issue Share Holding | 86.00% |
| Post Issue Share Holding | 63.33% |
Bondada Engineering IPO Prospectus
Company Contact Information
| Bondada Engineering Limited 1-1-27/37, Ashok Manoj Nagar Kapra, Hyderabad – 500062 Phone: +91 72070 34662 Email: cs@bondada.net Website: https://bondada.net/ |
Bondada Engineering IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bel.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Bondada Engineering IPO Lead Manager(s)
| 1. Vivro Financial Services Private Limited |
Bondada Engineering IPO FAQs
| What is Bondada Engineering IPO? Bondada Engineering IPO is a SME IPO. The issue is priced at ₹75 per equity share. The IPO is to be listed on BSE SME. |
| When Bondada Engineering IPO will open? The IPO is to open on 18 August 2023 for NII and Retail Investors. |
| How to Bondada Engineering IPO? You can apply Bondada Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Bondada Engineering IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Bondada Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Bondada Engineering IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Bondada Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Bondada Engineering IPO Size? Bondada Engineering IPO size is ₹42.72 crores. |
| What is Bondada Engineering IPO Price Band? Bondada Engineering IPO Price Band is ₹75. |
| What is Bondada Engineering IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,20,000 amount while the maximum bid is 1600 shares with ₹1,20,000. |
| What is the Bondada Engineering IPO Allotment Date? Bondada Engineering IPO allotment date is 28 August 2023. |
| What is the Bondada Engineering IPO Listing Date? Bondada Engineering IPO listing date is 30 August 2023. The IPO is to list on BSE SME. |
