The IPO, open between 18th and 22nd August 2023, drew an extraordinary 112.28 times subscription, underscoring the confidence investors placed in the company’s leadership and execution capabilities. Allotment was finalised on 25th August, and within days, Bondada shares began trading, marking a pivotal milestone in the company’s journey from modest beginnings to becoming one of Bharat’s most promising EPC players.

Beyond Markets: A Human Story

Bondada’s growth story is anchored in its people and principles. From its early revenue base of ₹7 crore to crossing ₹1,500 crore, the journey reflects the collective dedication of its 2,500-strong workforce, the vision of Chairman & Managing Director, Dr. Bondada Raghavendra Rao, and the trust of over 13,500 shareholders.

Crucially, the Group’s financial stewardship has been strengthened under the leadership of Mr. Baratam Satyanarayana, Director & Chief Financial Officer, whose strategic acumen and fiscal discipline have enabled Bondada to maintain a strong balance sheet while scaling operations across renewable energy, telecom, and railways.

IPO as a Catalyst for Purpose

The IPO was not merely a capital-raising event; it was a reaffirmation of belief. It signified that a homegrown enterprise, built on values of integrity, innovation, and execution, could aspire to global standards while advancing the ethos of Atmanirbhar Bharat.

The Road Ahead: Vision 2030

Two years on, Bondada’s ambitions are sharper and more defined. With a clear roadmap to achieve $1 billion in revenue and 10 GW of renewable capacity by 2030, the Group continues to align its purpose with Bharat’s infrastructure and sustainability mission.

The IPO anniversary is not an endpoint but a reminder of what lies ahead, a journey where each megawatt commissioned, each tower erected, and each project delivered contributes to a larger narrative: powering Bharat’s growth story with excellence, innovation, and purpose.