Bondada Engineering Limited is gearing up for its much-anticipated Initial Public Offering (IPO) through a fixed price issue. The IPO is scheduled to run from August 18 to August 22, 2023, with a share price of ₹75. Investors can participate with a minimum order of 1600 shares.
The IPO will comprise 5,696,000 shares with a face value of Rs. 10 each, potentially raising funds of up to ₹42.72 crore for Bondada Engineering Limited. Let’s delve into the details of their IPO set to hit the market in August 2023.
About Bondada Engineering Limited
Incorporated in 2012, Bondada Engineering Limited offers EPC and O&M services to the telecom and solar energy sectors. Their offerings encompass passive telecom infrastructure services, including telecom tower construction, operation, and maintenance, optical fiber cable laying, and telecom infrastructure supplies. With over 11,600 installations, they serve major telecom companies in India.
Additionally, they provide O&M services to telecom companies, covering preventive and corrective maintenance of passive infrastructure and equipment, power systems, surveillance, and more. Bondada’s manufacturing unit in Telangana has an installation capacity of ~12 thousand MTPA for tower fabrication. The company employs over 550 professionals.
Bondada Engineering Limited IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 18th August 2023 |
| Issue Closes | 22nd August 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 75 Per Share |
| Issue Size | 5,696,000 Shares (Rs 42.72 crores) |
| Minimum Order Quantity | 1600 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The company has outlined its plans for the net proceeds as follows:
- To meet long-term working capital requirements.
- General corporate purposes.
Bondada Engineering Limited — Company Contact Details
- Registered & Corporate Office: 1-1-27/37, Ashok Manoj Nagar Kapra, Hyderabad – 500062
- Telephone:+91 72070 34662
- Website: https://bondada.net/
Bondada Engineering Limited IPO – Lead Managers of the Issue
Vivro Financial Services Private Limited
- Office Address: 1st Floor, Manu Mansion 16/18, Shahid Bhagatsingh Road Opp. Old Custom House, Fort, Mumbai – 400 023
- Telephone: 022-2265 7364
- Email: rajtv@vivro.net
Bondada Engineering Limited IPO – Registrar of the Issue
Kfin Technologies Limited
- Telephone: 04067162222, 04079611000
- Email: bel.ipo@kfintech.com
- Website: https://kosmic.kfintech.com
Bondada Engineering Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
