Bondada Engineering Limited IPO

Bondada Engineering Limited IPO

Bondada Engineering Limited is coming up with an IPO amounting to INR 42.72 Crores. The company intends to utilize these funds for meeting their long term working capital requirement. 

Bondada Engineering Limited IPO – Important Details

Bondada Engineering IPO Date 18th to 22nd August 2023
Bondada Engineering IPO Listing Date 30th August 2023
Bondada Engineering IPO Price INR 75 per share
Bondada Engineering IPO Lot Size 1600 Shares
Bondada Engineering IPO Total Issue Size INR 42.72 crores
Bondada Engineering IPO Basis of Allotment 25th August 2023
Bondada Engineering IPO Initiation of Refunds 28th August 2023
Bondada Engineering IPO Credit of Shares to Demat 29th August 2023
Bondada Engineering IPO Issue Type Fixed Price Issue IPO
Bondada Engineering IPO Listing At BSE, NSE

 

Bondada Engineering Limited IPO – Company Profile

Bondada Engineering Limited is an ISO certified integrated infrastructure company engaged in the business of providing engineering,procurement and construction(EPC) services and operation & maintenance (O&M) services.The company’s customer base mainly include establishments from telecom and solar energy industry. 

The company has successfully implemented multiple projects under the leadership of Mr.Raghavendra Rao Bondada and Mr.Satyanarayana Baratam who are also the promoters of the company. 

The company has been awarded for their excellence as “Telecom Infrastructure Service Provider” of the year 2021 by Economic Times. The company has also been recognised as “Company of the Year” 2023 by Global India Business Forum.

Bondada Engineering Limited IPO – Fundamental Analysis

Revenue Growth: 

Bondada Engineering has experienced consistent revenue growth from ₹28,709.30 lakhs in 2021 to ₹37,058.85 lakhs in 2023, indicating an upward sales trend.

Profitability: 

The company’s profitability has improved over the years, with a profit after tax of ₹1,825.19 lakhs in 2023, compared to ₹920.55 lakhs in 2021, demonstrating enhanced operational efficiency.

Return on Net Worth (RoNW): 

RoNW has shown positive fluctuations, increasing from 19.27% in 2021 to 22.77% in 2023, indicating improved profitability in relation to shareholders’ equity.

Earnings Per Share (EPS): 

Diluted EPS has risen from ₹5.91 in 2021 to ₹11.43 in 2023, reflecting increased earnings per share for investors.

Net Asset Value (NAV) per Equity Share: 

NAV per equity share has grown steadily from ₹30.65 in 2021 to ₹49.27 in 2023, indicating improved asset value per share.

Asset and Liability Management: 

Total assets have increased, reaching ₹17,091.69 lakhs in 2023, while total liabilities have also risen, indicating expansion and higher financial obligations.

Summary: 

Bondada Engineering Limited’s financials demonstrate robust revenue growth, improved profitability, and enhanced returns for shareholders. However, potential investors should carefully consider the increasing liabilities and assess the sustainability of this growth before investing in the IPO.

Bondada Engineering Limited IPO Financial Information

Particular As at 31 March 2021 As at 31 March 2022 As at 31 March 2023
Revenue (₹ in lakhs) 28,709.30 33,411.11 3 7,058.85
Equity (₹ in lakhs) 4 ,775.88 5,789.41