Bondada Engineering Limited's SME IPO subscribed 106.65 times on the Final Day

Hyderabad based infrastructure player Bondada Engineering Limited, engaged in the business of providing engineering, procurement and construction ("EPC") services and operations and maintenance ("O&M") services to its pan India customers operating in telecom and solar energy industry was oversubscribed by 106.65 times on the last day of subscription.

The issue received bids of 60,74,99,200 shares against the offered 56,96,000 equity shares. The segment for Qualified Institutional Buyers recorded a subscription of 2.45 crore shares, with Foreign Institutional Investors (FIIs) accounting for 40.62 lakh shares and Domestic Financial Institutions (Banks/Financial Institutions (FIs)/Insurance Companies) contributing 1.78 lakh shares. In the Non-Institutional Investors category, which garnered a total subscription of 31.24 crore shares, Corporates subscribed to 1.83 crore shares, Individuals subscribed to 25.93 crore shares, and the Retail Category exhibited a subscription of 27.05 crore shares., at a fixed price issue at ₹75, according to the data available on the stock exchanges.

Vivro Financial Services Private Limited is the sole book running lead manager and KFin Technologies Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME).

Source : Equity Bulls

Keywords

BondadaEngineering FundRaising SMEIPO OverSubscription