Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.
The company provides passive telecom infrastructure services which include 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 to major telecom companies and telecom tower operators in India. The company has installed over 11,600 telecom towers and poles out of which, 7,700 telecom towers and poles were installed in the last three fiscal.
Bondada Engineering also provides O&M services to telecom and tower operating companies such as cell site maintenance with preventive and corrective maintenance of passive infrastructure and equipment, backup power systems, manning services and supply of riggers, surveillance, and corrective maintenance of optical fiber cable routes and other maintenance related facilities.
Bondada's manufacturing facility is located in Keesara Mandal, Medchal, Telangana, with an installation capacity of ~12 thousand MTPA for tower fabrication.
The company has over 550 employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet long-term working capital requirements; and | ₹35 |
| General Corporate Purposes. | ₹5 |
| Metric | 31 Mar 2023 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 25,115 | 15,762 | 17,092 |
| Revenue | 37,096 | 33,421 | 28,832 |
| PAT | 1,825 | 1,014 | 921 |
| Net Worth | 7,838 | 5,789 | 4,776 |
| Reserves | 6,247 | 5,707 | 4,694 |
| Total Borrowing | 8,423 | 3,803 | 4,667 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 2,704,000 (47%) | — |
| Retail (RII) | — | 2,704,000 (47%) | — |
| Market Maker | — | 288,000 (5%) | — |
| Total | — | 5,696,000 (100%) | — |
* Amount calculated at upper price band (₹75) · ** Total includes all investor categories
- 1 Initiation of Refund 28 Aug 2023
- 2 Credit of Shares to Demat 29 Aug 2023
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 7x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹11.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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