Bondada Engineering IPO: Check GMP, subscription status on day 2, other details to know

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₹75 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter. Bondada Engineering IPO issue price is 7.5 times the face value of the equity share.

Also Read: Crop Life Science IPO: Check GMP, subscription status on day 2, other details Bondada IPO consists of fresh issue of 56,96,000 equity shares aggregating to ₹42.72 crore. There's no offer for sale (OFS) component. According to company's Red Herring Prospectus (RHP) it intends to use the gross proceeds raised through the issue for meeting long-term working capital requirements, and general corporate purposes.

The company's promoters are Raghavendra Rao Bondada, Neelima Bondada, and Satyanarayana Baratam. Also Read: Pyramid Technoplast IPO: GMP, subscription status, review, apply or not? Bondada Engineering IPO'S lead manager is Vivro Financial Services Private Ltd, and the registrar is KFin Technologies Ltd. Bondada Engineering Ltd is a Hyderabad-based infrastructure firm that serves customers across India in the telecom and solar energy industries by offering engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services.

Bondada Engineering IPO Subscription Status was 15.37 times on day 2 so far. The issue received positive response from retail investors who's portion set was subscribed 24.22 times, and non-institutional buyers who's portion set was subscribed 4.47 times, according to data on chittorgarh.com. The company has received bids for 8,31,13,600 shares against 5,696,000 shares on offer, at 16:42 IST, according to data on chittorgarh.com.