Bondada Engineering Limited IPO : Company Info.

Bondada Engineering Limited IPO is set to launch on 18 August, 2023. The company initiated its business operations in the year 2012. It provides engineering, construction and procurement services and operations and management services to the company in the solar and telecom segment. 

Its telecom services include cell site construction, maintenance, erection and operation of telecom towers with electrical, civil and mechanical works, supply of towers and poles, maintenance and laying of optical fibre cables, etc. It has installed 11600 telecom towers and poles till date. Its manufacturing facility is located in Telangana and has more than 550 employees.

Bondada Engineering Limited IPO DETAILS

Bondada Engineering Limited IPO is set to launch on 18 August, 2023. The subscription timeline extends till 22 August, 2023. The size for the IPO is 42.72 Crore Rs. Shares issued through fresh issue mode are worth 42.72 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 75 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is KFin Technologies Private Limited.

Tabular Description of Bondada Engineering Limited IPO

IPO OPENING DATE	18 August, 2023
CLOSING DATE FOR IPO	22 August, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	75 Rs per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	42.72 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	42.72 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	30 August, 2023

Bondada Engineering Limited IPO : IMPORTANT DATES

IPO OPENING DATE	18 August, 2023
CLOSING DATE FOR IPO	22 August, 2023
IPO ALLOTMENT DATE	25 August, 2023
REFUNDS	28 August, 2023
DEMAT A/C CREDITED ON	29 August, 2023
IPO LISTING DATE	30 August, 2023

Bondada Engineering Limited IPO begins for subscription from 18 August, 2023. The IPO subscription would continue till 22 August, 2023. The allotment status for the shareholders who applied would come on 25 August, 2023. The refunds for the ones who did not get allotment would be initiated on 28 August, 2023. The DEMAT accounts of shareholders would be credited on 29 August, 2023. The listing of the company would be completed on 30 August, 2023.

Bondada Engineering Limited IPO : Lead Managers

The lead managers are :

• Vivro Financial Services Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1600 shares	120000 Rs.
Maximum	3200 shares	240000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	17091	15761	25115
Revenue	28832	33420	37095
PAT	920	1013	1825

Bondada Engineering Limited had an asset base of 17051 Lakh Rs in 2021 which decreased to 15761 Lakh Rs in 2022. However in 2023 the same increased to 25115 Lakh Rs. The revenue of the firm was 28832 Lakh Rs in 2021 which increased to 33420 Lakh Rs in 2022 and 37095 Lakh Rs in 2023. The profit of the company was 920 Lakh Rs in 2021 which increased to 1013 Lakh Rs in 2022 and 1825 Lakh Rs in 2023. Thus the decrease in asset base did not impact the increase in revenue or profits. The company’s financial figures have been improving at a good pace as per the data of the last 3 years.

PROS

• Bondada’s telecom services include cell site construction, maintenance, erection and operation of telecom towers with electrical, civil and mechanical works, supply of towers and poles, maintenance and laying of optical fibre cables, etc.
• It has installed 11600 telecom towers and poles till date.
• Its manufacturing facility is located in Telangana and has more than 550 employees.

CONS

• The company works in a highly competitive segment.

Bondada Engineering Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Bondada Engineering Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.