Bondada Engineering Ltd - IPO

Bondada Engineering Ltd IPO Details

Initial public issue of 56,96,000 equity shares of face value of Rs. 10/- each of Bondada Engineering Limited (BEL or the Company or the Issuer) for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share (the Issue Price) aggregating upto Rs. 42.72 crores (The Issue), of which 2,88,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 2.16 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 54,08,000 equity shares of face value of Rs. 10/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 40.56 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.37% and 25.03%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.

Objective of issue

Utilization towards long-term working capital requirements of the company. General corporate purposes.

Bondada Engineering Ltd Contact Details

Bondada Engineering Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@bondada.net

Website - www.bondada.net