Bondada Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,704,000 (47%) | — | ₹2,028 Cr |
| Retail | — | 2,704,000 (47%) | — | ₹2,028 Cr |
| Market Maker | — | 288,000 (5%) | — | ₹22 Cr |
| Σ Total | — | 5,696,000 (100%) | — | ₹42,720 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹120,000 |
| Retail (Max) | 13 | 20,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 37,096 | 33,421 | 28,832 |
| Profit After Tax | 1,825 | 1,014 | 921 |
| Net Worth | 7,838 | 5,789 | 4,776 |
| Total Assets | 25,115 | 15,762 | 17,092 |
| Reserves & Surplus | 6,247 | 5,707 | 4,694 |
| Total Borrowing | 8,423 | 3,803 | 4,667 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet long-term working capital requirements; and – 35
- General Corporate Purposes. – 5.41
Company Overview
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.