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Bondada Engineering IPO vs Zeal Global Services IPO

Comparision between Bondada Engineering IPO and Zeal Global Services IPO.

IPO Details

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

  Bondada Engineering IPO Zeal Global Services IPO
Logo Bondada Engineering IPO Logo Zeal Global Services 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 Expert Global Consultants Private Limited
Registrar Kfin Technologies Limited Skyline Financial Services Private Ltd
Market Maker Rikhav Securities Limited Rikhav Securities 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 Zeal Global Services IPO is up to ₹36.46 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 IPO Zeal Global Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹75.00 per share ₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 56,96,000 shares 35,40,000 shares
Fresh Issue Size (Amount) up to ₹42.72 Cr up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 56,96,000 shares 35,40,000 shares
Issue Size Total (Amount) up to ₹42.72 Cr up to ₹36.46 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 IPO Zeal Global Services IPO
Anchor Bid Date
Issue Open Aug 18, 2023 Jul 28, 2023
Issue Close Aug 22, 2023 Aug 01, 2023
Basis Of Allotment (Tentative) Aug 25, 2023 Aug 04, 2023
Initiation of Refunds (Tentative) Aug 28, 2023 Aug 07, 2023
Credit of Share (Tentative) Aug 29, 2023 Aug 08, 2023
Listing date (Tentative) Aug 30, 2023 Aug 09, 2023
Anchor Lockin End date 1 Sep 24, 2023 Sep 03, 2023
Anchor Lockin End date 2 Nov 23, 2023 Nov 02, 2023

Financials

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

  Bondada Engineering IPO Zeal Global Services 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
Zeal Global Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,203.037,671.09133.60435.76375.76258.00
31-Mar-211,893.076,094.93169.61603.09543.09171.41
31-Mar-223,194.8212,127.77524.301,277.221,081.82194.32
31-Jan-234,969.269,505.38826.652,115.611,920.211,243.92
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.00% 100.00%
Promoter Shareholding (Post-Issue) 63.33% 73.40%
P/E Ratio 6.56 13.83
Market Cap ₹162.02 Cr. ₹137.09 Cr.
ROE 22.77%% 39.07%%
ROCE 35.63%% 0.56%
Debt/Equity 1.07 0.59
EPS ₹11.43 ₹8.46
RoNW 22.77%% 48.73%%

Shares Offered

In the Bondada Engineering IPO retail 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 0 shares in Bondada Engineering IPO and 0 shares in Zeal Global Services IPO.

  Bondada Engineering IPO Zeal Global Services IPO
Anchor Investor Reserveration
Market Maker Reserveration 2,88,000 shares 1,77,600 shares
QIB 0 shares 0 shares
NII 27,04,000 shares 16,80,000 shares
RII 27,04,000 shares 16,82,400 shares
Employee 0 shares 0 shares
Others
Total 54,08,000 shares 33,62,400 shares

Bids Received (Subscription)

Bondada Engineering IPO subscribed 112.28x in total, whereas Zeal Global Services IPO subscribed 4.06x.

  Bondada Engineering IPO Zeal Global Services IPO
QIB (times)
NII (times) 115.46x 4.26x
Big NII (times)
Small NII (times)
RII (times) 100.05x 3.85x
Employee (times)
Other (times)
Total (times) 112.28x 4.06x

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