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 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.
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 |
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.
The lead managers are :
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. |
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.
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 :
Now, applying for an IPO online is possible with most of the Discount and online brokers.
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