Bondada Engineering IPO Complete Details Check Out

bondada engineering ipo details

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Bondada Engineering IPO

Bondada Engineering Limited IPO opens for subscription from 18th August to 22nd August. In this article, we have gathered all the information related to the IPO, from objectives to GMP.

For now, let’s start with the objectives of Bondada Engineering Limited IPO.

Objectives of Bondada Engineering IPO

Bondada Engineering Limited will use the capital raised through its IPO towards the funding of the following objects:

  • To meet long-term working capital requirements:The company will use the net proceeds from the issue to fund its day-to-day operations, such as paying salaries, buying inventory, and covering other expenses. This is important for the company to continue its operations and grow.
  • General corporate purposes: This is a catch-all phrase that can describe any other uses for the net proceeds from the issue. This could include expanding the company’s operations, investing in new technologies, or repaying debt.

Bondada Engineering IPO Details

IPO DateAug 18, 2023 to Aug 22, 2023
Listing Date30 August 2023
Face Value₹10 per share
Price₹75 per share
Lot Size1600 Shares
Total Issue Size5,696,000 shares
(aggregating up to ₹42.72 Cr)
Fresh Issue5,696,000 shares
(aggregating up to ₹42.72 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue15,906,059
Share holding post issue21,602,059

Bondada Engineering IPO Tentative Timetable

IPO Open DateFriday, 18 August 2023
IPO Close DateTuesday, 22 August 2023
Basis of AllotmentFriday, 25 August 2023
Initiation of RefundsMonday, 28 August 2023
Credit of Shares to DematTuesday, 29 August 2023
Listing DateWednesday, 30 August 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 22, 2023
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Bondada Engineering IPO Reservation

Anchor Investor Shares Offered
Market Maker Shares Offered288,000 (5.06%)
Other Shares Offered2,704,000 (47.47%)
Retail Shares Offered2,704,000 (47.47%)
Total Shares Offered5,696,000 (100%)

Bondada Engineering IPO Lot Size

Retail (Min)11600₹120,000
Retail (Max)11600₹120,000
HNI (Min)23,200₹240,000

Bondada Engineering IPO Financials (Restated Consolidated)

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax920.551,013.531,825.19
Net Worth4,775.885,789.417,837.54
Reserves and Surplus4,693.885,707.416,246.93
Total Borrowing4,667.313,803.238,422.65
– Amount in ₹ Lakhs

Bondada Engineering IPO Promoters

Raghavendra Rao Bondada, Neelima Bondada and Satyanarayana Baratam are the Promoters of Bondada Engineering Limited.


Here’s the pre-issue and post-issue share holding of the promoters:

Pre Issue Share Holding86.00%
Post Issue Share Holding63.33%

Bondada Engineering Limited Company Background

Bondada Engineering Limited (BEL) is an engineering, procurement, and construction (EPC) and operations and maintenance (O&M) company that provides services to the telecom and solar energy industries.

Founded in 2012, BEL has over 550 employees and a manufacturing facility in Keesara Mandal, Medchal, Telangana.

BEL’s EPC services include cell site construction, erection, operation, and maintenance of telecom towers, supplying poles and towers, laying and maintaining optical fiber cables, and power equipment.


The company has installed over 11,600 telecom towers and poles, of which 7,700 were installed in the last three fiscal years.

BEL also provides O&M services to telecom and tower operating companies, such as cell site maintenance, preventive and corrective maintenance of passive infrastructure and equipment, backup power systems, manning services, surveillance, and corrective maintenance of optical fiber cable routes.

BEL’s manufacturing facility has an installation capacity of ~12 thousand MTPA for tower fabrication.

The company is committed to providing high-quality services to its customers and is committed to sustainability.


Bondada Engineering Limited Industry Overview

Telecom tower base in India, which stood at nearly 7,54,000 in FY 2023, is expected to reach nearly 1.6 million by FY 2030.

Approximately 237 GW of solar capacity and the corresponding cumulative EPC business of ₹ 1,10,000 crores would be added between 2022 and 2030.

Bondada Engineering IPO GMP Today

19 August 2023₹20
18 August 2023₹20
17 August 2023₹15
16 August 2023₹15
Source: ipocentral
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