Bondada Engineering Limited IPO (Bondada Engineering IPO) Detail

लगता है बड़ा खेल होगा। माल निकलवा के ऊपर सर्किट लगेगा।

ek ya do din wait karne per apne profit le lo pakka lower circut lagega

take the profit its good time otherswise last mai dekte he rahe jayo ge profit le lo do ya theen din mai lower circut lag jayge pakka

Bought 1000 between 128-130

It had LC approx 148 once and never went down with lot size 1600

The basis for 5% to 20% circuit change is completion of 10 working days after listing? Please clarify.

LC UC LC UC Game to collect share from retailers.

Good one bro, bought 1 more lot today at LC. Now holding 2 lots. Will buy more if needed.

Block buster results by global pet industries @SJogi As you predicted and this would be a long term gem.Expecting 150 to 175 levels by sept 23..

Give some time.patience investors will e rewarded.ups and downs are common

Dear SJogi and Ipoaspire,
Please🙏 advice on shritectex continues down, can hold and wait sometimes, if any news please🙏 share.
Thanks

Dear Members,
I was recently alloted 1 lot of Bondada IPO.I sold the same 1 lot on 31-08-2023.As usual the demat debit occured in the morning of 01-09-2023 and my one lot is debited.But mstock from Mirae assets unauthorizedly bought 1 lot in auction at 187.30 stating the reason as short delivery.Their support is not responsive nor is their compliance officer, just using copy paste messages.Since I sold my holdings,the question of short delivery does not arise at all.I raised complaint in sebi scores portal.Anything else to do from my side?Experienced members please guide.

Change the broker for future endeavours.

Sell Orders of SME shares gets executed only against holdings in Demat. The question of short sell and subsequent square up through auction purchase does not arise. You can take up the matter with SEBI. Don’t pay a single paisa to the broker towards auction. You can drag your broker to Court.

Booked 1.55 lakh profit today

What is happening in this stock today is quite surprising. Continuously upper circuits are broken. All huge buyers arrive and get absorbed. Then second wave of buyers arrive and get absorbed and this goes on.

After all it will cross 250 before dewali

detailed review on BONDADA.
📍📍📌
📌The company has an order on hand worth Rs. 1520 Cr as of March 31, 2023, that included Rs. 1415 cr. orders for telecom and Rs. 105 cr. orders from the solar energy sector.✅

📌They have recently been awarded a work order from a Government of India enterprise for supply and erection of Ground Based Tower (“GBT”), Infrastructure as a Service Provider (“IaaSP”) for supply and installation of infrastructure items for 1,160 new tower sites and subsequent IaaSP and O&M services for 1,238 tower sites (including 78 existing sites) for five years which is extendable to a further five years for uncovered villages situated in Karnataka, Kerala, Tamilnadu, Pondicherry and Telangana areas under 4G Saturation Project, which is being funded by Universal Service Obligation Fund (“USOF”), with an estimated gross project value of ₹ 1156.45 Cr. 🔥

📌📌 ➡️ ➡️

▪️Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.

▪️The company provides passive telecom infrastructure services which include cell site construction, erection, operation, and maintenance of telecom towers with civil, electrical, and mechanical works; supply of poles and towers, laying and maintenance of optical fiber cables, supply of power equipment and other telecom infrastructure related services to major telecom companies and telecom tower operators in India. The company has installed over 11,600 telecom towers and poles out of which, 7,700 telecom towers and poles were installed in the last three fiscal.

▪️The company also provides O&M services to solar energy customers which include testing and cleaning of solar panels, repair and replacement of damaged components and inspection of solar panels. (Solar EPC generated 180Cr revenue in FY23) ✅

▪️It also supplies building materials such as Autoclaved Aerated Concrete (AAC) blocks, jointing mortar and ready plaster. Through its other subsidiary BAPL, it supplies Un-Plasticized polyvinyl chloride ("uPVC") products such as doors and windows.

▪️As of March 31, 2023, it had 564 permanent employees and 270 contract labourers.

▪️They are present in 12 states on India.💫

▪️Bondada's manufacturing facility is located in Keesara Mandal, Medchal, Telangana, with an installation capacity of ~12 thousand MTPA for tower fabrication.

➢They were awarded with "Company of the Year” for the year 2023 by Global India Business Forum.
➢They were awarded with "National Business Award" for Best Company of the Year for 2022 by Governor of AP.
➢They were awarded with ET Excellence Award for “Best Telecom Infrastructure Services Provider” for the year 2020.

📌📌
▪️IPO price: Rs.75
▪️IPO size: 42.72 CR
▪️CMP:Rs.149
▪️Market cap: 320 CR
▪️P/E: 17.6
▪️EPS: 8.45( pre ipo)
▪️ROE: 22.77%
▪️ROCE: 35.63%
▪️RoNW: 22.77%
▪️Debt/Equity: 1.07 (debt:84.22CR and reserve:62.46Cr)

📌FINANCIALS:
▪️FY23 revenue is 371 CR as compared to 334 CR(FY22), 11%✅ growth yoy.
▪️FY23 PAT is 18.25 CR as compared to 10.14 CR(FY22), 80%✅ growth yoy.
▪️29% growth in revenue in last 2 years.
▪️99%🔥 growth in PAT in last 2 years.

(It has posted steady growth in its top and bottom lines and has an order book worth Rs. 1520 as of March 31, 2023.)

📌IPO funds:
From the net proceeds, it will utilize Rs. 35.00 cr. for working capital, and Rs. 5.41 cr. for general corporate purposes.

📌CLIENTS:
Airtel , Jio ,vodafone, TATA, Wipro, Indus tower,L&T, Samsung, Adani, BSNL, shapoorji Pallonji, KEC international etc.

📌SECTOR GROWTH:
▪️The rapid growth in subscriber base – which zoomed from less than 40 million to nearly 1.2 billion in two decades – has necessitated an equally strong growth in telecom towers.

▪️Telecom tower base in India which stood at nearly 7.54 Lakh in FY 2023 is expected to reach nearly 16 lakh by FY 2030.

▪️Approximately 237 GW of solar capacity and the corresponding cumulative EPC business of ₹ 1,10,000 Cr would be added between 2022 and 2030.

▪️The telecom tower density (number of towers per 1,000 people) in India in 2022 is near 0.5 which is well below global standards. D&B is estimating a gradual and conservative build up in telecom towers, with tower density reaching nearly 1.0 to 1.1 by the end of this decade.

▪️The market size of India’s optical fiber cable valued at USD 881 Mn in 2019 and is projected to reach USD 2.1Bn by 2024, growing annually at rate of nearly 19.7%.

▪️The Union Cabinet approved Rs. 12,195 crore (US$ 1.65 billion) production-linked incentive (PLI) scheme for telecom & networking products under the Department of Telecom.

📌STRENGTH:
➢Strong project management and execution capability.
➢Long term contracts for telecom and solar projects providing visibility on future revenues.
➢Managing diverse business operations amidst growing demand .
➢Experienced management team and dedicated employee base.

📌FUTURE PLAN:
▪️Capitalise on growth opportunities in telecom infrastructure and data services.

▪️Focus on Renewable energy(clean and sustainable source of energy for the future).

▪️Capture the demand of OFC infrastructure.

▪️Deepen client engagement and increase incremental revenue opportunities from their clients.

▪️Increase Geographical spread with existing services and provide further services where they are present.

Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing.

Sir what about Globalpet?

I have few lots of global pet at avg 52.
Will hold for atleast 1 year.
Bull run was there in sme market from last few months, so some correction was pending.

​@SJogi ...sir any news about Globalpet industries....what's the short term Target?

Global Pet > so so results in spite of ~0.5 cr exceptional item (not explained from where) if you take out that results are almost flat (1.2Cr to 1.5 Cr PAT)

Patience is required, definitely this is fundamentally sound stock with no listed peers and unique business.so this will sky rocket soon.holding all the lots for atleast a year for multibagger returns.

Bought few bondada at lc,
Pls check my detailed review of bondada on twit... id named SJogi🙏🙏.

@ManickamRavich1

Thanks

@ MRavichandran Sir Aatmaj ka kya kre abhi bhi 1 lot pada hua hai

Today's No bulk deal data available. Saara Maal kon le gya fir?🤔

Any one plz share....breakdwn of detailed subscription alotmnet lot wise

Off topic: Vinsys IT service Ltd
New order 46206000
The tamilnadu state bank Ltd.

Saw this first time, going from lower circuit to upper circuit

​@MRavichandran  Sir..have you done any shoping in this doubler ? What are future prospects?

Thanks.. already following you and saw your post..

​@MRavichandran  Followed you Sir on X

Who bought on listing will sell tomorrow. 
Approx 20L.
Buy only if LC is abt to open as selling pressure will be very high tomorrow.
All the big firms exited today.

​@Shanta rao these ‘flippers’ were the biggest buyer on listing, and they are already out.

​@IProfitO I think more than weak hands exiting today, it was an extremely well orchestrated move by the ‘flippers’. All sold together at the same time, so it was definitely orchestrated. And, I think their intention was to cause panic to make it go to LC today and perhaps tomorrow, so that they could corner more and then take it further from there. I think their plan failed today as there is a significant interest in this counter and selling pressure was well countered by other buyers. I think if it can sustain well tomorrow morning, it is well poised to go towards 225-230 before easing a bit.
In any case, it is a very good counter to hold and buy if dips.

about 3 lakh qty bought today in excess of the selling .. this may explain why we saw a bounce in prices from low levels at 3 pm today. so, it may not be as bad as it looks. experts please guide us.

31 Aug 2023      VINODBHAI MANJIBHAI CHAUHAN      B      201600      157.10
31 Aug 2023      VIJIT GLOBAL SECURITIES PRIVATE LIMITED      B      180800      157.10

Sold both lots at UC. Happy with doubling profit after spectrum and aatmaj fiasco