About Bondada Engineering IPO
Bondada Engineering is an integrated infrastructure company offering its clients engineering, procurement and construction (EPC) services. It also provides operations and maintenance (“O&M”) services and mainly caters to telecom and solar energy industry clients.
Company has major exposure to the telecom sector, offering services like operation and maintenance of telecom towers with civil, electrical, and mechanical works, laying and maintaining optical fiber cables and other telecom infrastructure-related services to major telecom operators. Till date it has installed over 11,600 telecom towers and poles and laid 1,370.3 route kilometres (“RKM”) of optical fiber cables.
Bondada Engineering also offers its EPC services to the solar energy industry, including site survey, land levelling and grading, along with designing and installation solar systems. As of 31 March 2023, the combined order book of the company was at 338 crore.
Now, Bondada Engineering Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised through the fresh issue will be utilised to meet working capital requirements & for general corporate purposes.
Here are key details about the Bondada Engineering IPO: