Bondada Engineering IPO vs Zeal Global Services IPO

Comparison between Bondada Engineering IPO and Zeal Global Services IPO.

IPO Details

Bondada Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Zeal Global Services IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Bondada Engineering IPO is up to ₹40.56 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹34.63 Cr. The final issue price of Bondada Engineering IPO is ₹75.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

 Bondada Engineering IPOZeal Global Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹75.00 per share₹103.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1200 shares
Fresh Issue Size54,08,000 shares33,62,400 shares
Fresh Issue Size (Amount)up to ₹40.56 Crup to ₹34.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total54,08,000 shares33,62,400 shares
Issue Size Total (Amount)up to ₹40.56 Crup to ₹34.63 Cr

IPO Timetable

Bondada Engineering IPO opens on Aug 18, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Bondada Engineering IPO and Zeal Global Services IPO is Aug 22, 2023, and Aug 01, 2023, respectively.

 Bondada Engineering IPOZeal Global Services IPO
Issue OpenAug 18, 2023Jul 28, 2023
Issue CloseAug 22, 2023Aug 01, 2023
Basis Of Allotment (Tentative)Aug 25, 2023Aug 04, 2023
Initiation of Refunds (Tentative)Aug 28, 2023Aug 07, 2023
Credit of Share (Tentative)Aug 29, 2023Aug 08, 2023
Listing date (Tentative)Aug 30, 2023Aug 09, 2023

Financials & KPIs

Bondada Engineering IPO P/E ratio is 6.56, as compared to Zeal Global Services IPO P/E ratio of 13.83.

 Bondada Engineering IPOZeal Global Services IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets251.15157.62170.92
Total Income370.96334.21288.32
Profit After Tax18.2510.149.21
NET Worth78.3857.8947.76
Reserves and Surplus62.4757.0746.94
Total Borrowing84.2338.0346.67
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets49.6931.9518.9322.03
Total Income95.05121.2860.9576.71
Profit After Tax8.275.241.701.34
NET Worth21.1612.776.034.36
Reserves and Surplus19.2010.825.433.76
Total Borrowing12.441.941.712.58
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86%100%
Promoter Shareholding (Post-Issue)63.33%73.4%
P/E Ratio6.5613.83
Market Cap₹162.02 Cr.₹137.09 Cr.
ROE22.7741.05
ROCE35.6358
Debt/Equity1.070.15
EPS₹11.43₹8.46
RoNW22.7756.56

Shares Offered

In the Bondada Engineering IPO Retail Individual Investors (RII) are offered 27,04,000 shares while in Zeal Global Services IPO retail investors are offered 27,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Bondada Engineering IPO and in Zeal Global Services IPO.

 Bondada Engineering IPOZeal Global Services IPO
Market Maker Reservation2,88,000 shares1,77,600 shares
NII27,04,000 shares16,80,000 shares
RII27,04,000 shares16,82,400 shares
Total54,08,000 shares33,62,400 shares

Bids Received (Subscription)

Bondada Engineering IPO subscribed 107.76x in total, whereas Zeal Global Services IPO subscribed 4.05x.

 Bondada Engineering IPOZeal Global Services IPO
NII (times)115.46x4.26x
RII (times)100.05x3.85x
Total (times)107.76x4.05x

Compare with others

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Bondada Engineering IPO Vs Zeal Global Services IPO