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Bondada Engineering IPO vs Sungarner Energies IPO

Comparision between Bondada Engineering IPO and Sungarner Energies IPO.

IPO Details

Bondada Engineering IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sungarner Energies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Bondada Engineering IPO Sungarner Energies IPO
Logo Bondada Engineering IPO Logo Sungarner Energies IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Vivro Financial Services Private Limited Fast Track Finsec Pvt Ltd
Registrar Kfin Technologies Limited Skyline Financial Services Private Ltd
Market Maker Rikhav Securities Limited Nikunj Stock Brokers Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bondada Engineering IPO is up to ₹42.72 Cr whereas the issue size of the Sungarner Energies IPO is up to ₹5.31 Cr. The final issue price of Bondada Engineering IPO is ₹75.00 per share and of Sungarner Energies IPO is ₹83.00 per share.

  Bondada Engineering IPO Sungarner Energies IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹75.00 per share ₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 56,96,000 shares 6,40,000 shares
Fresh Issue Size (Amount) up to ₹42.72 Cr up to ₹5.31 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 56,96,000 shares 6,40,000 shares
Issue Size Total (Amount) up to ₹42.72 Cr up to ₹5.31 Cr

IPO Timetable

Bondada Engineering IPO opens on Aug 18, 2023, while Sungarner Energies IPO opens on Aug 21, 2023. The closing date of Bondada Engineering IPO and Sungarner Energies IPO is Aug 22, 2023, and Aug 23, 2023, respectively.

  Bondada Engineering IPO Sungarner Energies IPO
Anchor Bid Date
Issue Open Aug 18, 2023 Aug 21, 2023
Issue Close Aug 22, 2023 Aug 23, 2023
Basis Of Allotment (Tentative) Aug 25, 2023 Aug 28, 2023
Initiation of Refunds (Tentative) Aug 28, 2023 Aug 29, 2023
Credit of Share (Tentative) Aug 29, 2023 Aug 30, 2023
Listing date (Tentative) Aug 30, 2023 Aug 31, 2023
Anchor Lockin End date 1 Sep 24, 2023 Sep 27, 2023
Anchor Lockin End date 2 Nov 23, 2023 Nov 26, 2023

Financials

Bondada Engineering IPO P/E ratio is 6.56, as compared to Sungarner Energies IPO P/E ratio of 13.07.

  Bondada Engineering IPO Sungarner Energies IPO
Financial
Bondada Engineering IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets17,091.6915,761.7325,115.46
Revenue28,832.2933,420.9637,095.77
Profit After Tax920.551,013.531,825.19
Net Worth4,775.885,789.417,837.54
Reserves and Surplus4,693.885,707.416,246.93
Total Borrowing4,667.313,803.238,422.65
Amount in ₹ Lakhs
Sungarner Energies IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets318.19536.271,014.67
Revenue536.43797.661,765.33
Profit After Tax15.7257.5074.31
Net Worth98.73156.23320.54
Reserves and Surplus52.23109.73152.66
Total Borrowing103.78226.62424.11
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.00% 84.94%
Promoter Shareholding (Post-Issue) 63.33% 61.49%
P/E Ratio 6.56 13.07
Market Cap ₹162.02 Cr. ₹19.25 Cr.
ROE 22.77%% 31.17%%
ROCE 35.63%% 25.28%%
Debt/Equity 1.07 1.32
EPS ₹11.43 ₹6.35
RoNW 22.77%% 23.18%%

Shares Offered

In the Bondada Engineering IPO retail investors (RII) are offered 27,04,000 shares while in Sungarner Energies IPO retail investors are offered 27,04,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Bondada Engineering IPO and 0 shares in Sungarner Energies IPO.

  Bondada Engineering IPO Sungarner Energies IPO
Anchor Investor Reserveration
Market Maker Reserveration 2,88,000 shares 57,600 shares
QIB 0 shares 0 shares
NII 27,04,000 shares 2,91,200 shares
RII 27,04,000 shares 2,91,200 shares
Employee 0 shares 0 shares
Others
Total 54,08,000 shares 5,82,400 shares

Bids Received (Subscription)

Bondada Engineering IPO subscribed 112.28x in total, whereas Sungarner Energies IPO subscribed 152.40x.

  Bondada Engineering IPO Sungarner Energies IPO
QIB (times)
NII (times) 115.46x 110.59x
Big NII (times)
Small NII (times)
RII (times) 100.05x 192.93x
Employee (times)
Other (times)
Total (times) 112.28x 152.40x

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