Bondada Engineering Limited, founded in 2012, provides engineering, procurement, and construction (EPC) services as well as operations and maintenance (O&M) services to firms in the telecom and solar energy industries.
To major telecom companies and telecom tower operators in India, the company provides passive telecom infrastructure services such as 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. Over 11,600 telecom towers and poles have been installed by the corporation, with 7,700 installed in the last three fiscal years.
Bondada Engineering also offers O&M services to telecom and tower operating companies, including cell site maintenance with preventive and corrective maintenance of passive infrastructure and equipment, backup power systems, manning services and rigger supply, surveillance and corrective maintenance of optical fiber cable routes, and other maintenance-related facilities.
Bondada’s production facility is located in Keesara Mandal, Medchal, Telangana, and has a tower fabrication installation capacity of 12 thousand MTPA.
The company employs about 550 people.
Bondada Engineering IPO Details
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price | Rs 75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,696,000 shares (aggregating up to Rs 42.72 Cr) |
| Fresh Issue | 5,696,000 shares (aggregating up to Rs 42.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15,906,059 |
| Share holding post issue | 21,602,059 |
Bondada Engineering IPO Timetable
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Bondada Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | Rs 120,000 |
| Retail (Max) | 1 | 1600 | Rs 120,000 |
| HNI (Min) | 2 | 3,200 | Rs 240,000 |
