Bondada Engineering
This post tells about the journey of Bondada Engineering in the Stock Market
NEWS
9/5/20241 min read
Do you know Bondada Engineering Limited?
It is an infrastructure company that has grown 2356% from the date of its listing on the Bombay Stock Exchange.
Business done by the company:
Bondada Engineering Ltd provides services to help build and maintain telecom towers and solar energy systems. They handle the entire process of designing, constructing, and maintaining telecom infrastructure, including towers, power equipment, and fiber optic cables. They also ensure these systems stay functional by performing regular maintenance and repairs. In addition to telecom services, they supply towers and poles and support solar energy projects. They focus on offering end-to-end solutions for telecom companies and tower operators in India.
Company Share price details:
The company came with an IPO in August 2023 with an issue price of 75 rupees per share at a face value of 10 rupees which got listed on BSE at a listing price of 150 rupees, now nearly went to 3500 rupees within a year. On September 2, 2024, the company's shares were split in the ratio of 2:10 to a face value of 2 rupees per share. The company's per-share value was adjusted to 700 rupees. The current trading price of the stock is 707 rupees.
Financials of the company:
Revenue generated by the company in FY23 was 371cr whereas it jumped to 804cr in FY2024. And the respective profits for FY23 and FY24 are 17.13cr and 46.31cr.