Incorporated in 2012, Bondada Engineering Limited provides 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
Bondada Engineering IPO is a Fixed Price Issue. The IPO total issue size is Rs 42.72 Cr. The Bondada Engineering IPO price is ₹75 per share. The IPO will list on BSE SME.
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| Total 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 |
| Market Maker portion | 288,000 shares Rikhav Securities |
Bondada Engineering IPO Reservation
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Bondada Engineering IPO Timetable (Tentative)
Bondada Engineering IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Bondada Engineering IPO Lot Size
The minimum lot size of this Bondada Engineering IPO is 1600 shares required is ₹120,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator |
Bondada Engineering IPO Promoter Holding
Raghavendra Rao Bondada, Neelima Bondada and Satyanarayana Baratam are the promoters of the company.
| Pre Issue Share Holding | 86.00% |
| Post Issue Share Holding | 63.33% |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 17,091.69 | 15,761.73 | 25,115.46 |
| Revenue | 28,832.29 | 33,420.96 | 37,095.77 |
| Profit After Tax | 920.55 | 1,013.53 | 1,825.19 |
| Net Worth | 4,775.88 | 5,789.41 | 7,837.54 |
| Reserves and Surplus | 4,693.88 | 5,707.41 | 6,246.93 |
| Total Borrowing | 4,667.31 | 3,803.23 | 8,422.65 |
Amount in ₹ Lakhs
Key Performance Indicator
Bondada Engineering IPO Market Cap is Rs 162.02 Cr and P/E (x) is 6.56.
| 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% |
Check Bondada Engineering IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet long-term working capital requirements, and
- General corporate purposes.
Bondada Engineering IPO Review (Apply)
[Dilip Davda] BEL is engaged in an integrated infrastructure segment with EPS and OM services. It has posted steady growth in its top and bottom lines and has an order book worth Rs. 1520 as of March 31, 2023. Based on FY23 earnings, the issue is lucratively priced. Investors may consider parking funds for medium to long-term rewards. Read detail review…
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/