Bondada Engineering Ltd. has announced public offering of 5696000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 65.00 per share. The gross proceeds of the issue are expected to be Rs 4,272.00 lakhs.
The company's initial public offer (IPO) will open on 18 August 2023 and is expected to close on 22 August 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 5696000 Equity Shares of the Company at an price of Rs 75.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Bondada Engineering Ltd. anticipates using the proceeds of the issue for .
Vivro Financial Services Private Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.