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Bondada Engineering Limited is a leading provider of core design and engineering services and O&M services in the infrastructure space. The company is headquartered in Hyderabad, Telangana, and has a presence in over 10 states in India. Bondada Engineering is coming up with an initial public offering (IPO) to raise ₹42.72 crores. The IPO will open for subscription on August 18, 2023, and close on August 22, 2023. The issue price is fixed at ₹75 per share. The proceeds from the IPO will be used to fund the company's working capital requirements, expand its operations, and repay debt. Here are some key details about the Bondada Engineering IPO: Issue size: ₹42.72 crores Price band: ₹75 per share Number of shares on offer: 5,696,000 shares Face value: ₹10 per share Minimum investment: ₹11,250 (75 x 16) Listing date: Tentative - August 30, 2023
The Bondada Engineering IPO is a good opportunity for investors to invest in a growing company in the infrastructure space. The company has a strong track record of performance and is well-positioned to benefit from the growth of the infrastructure sector in India. Here are some of the risks associated with the Bondada Engineering IPO: The company is a small-cap company and may be more volatile than larger companies. The company is dependent on a few large customers and any disruption in their business could impact the company's performance. The company is facing competition from other players in the market.
Overall, the Bondada Engineering IPO is a good opportunity for investors who are looking to invest in a growing company in the infrastructure space. However, investors should be aware of the risks associated with the IPO before investing. Apply Bondada Engineering IPO
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