Bonbloc Technologies IPO

Bonbloc Technologies IPO is a book-built issue comprising a fresh issue of ₹230.00 crore and an offer for sale of up to 3.00 crore equity shares.

Pantomath Capital Advisors Private Limited is the book-running lead manager to the issue, and KFin Technologies Limited is the registrar. The equity shares are proposed to be listed on BSE and NSE. Key details such as the IPO dates, price band and lot size are yet to be announced. For detailed information on the company's financials, business operations and associated risks, investors are advised to refer to the Bonbloc Technologies IPO DRHP.

About Bonbloc Technologies Limited

Bonbloc Technologies Limited was originally incorporated as Bonbloc Technologies Private Limited on August 11, 2020, under the Companies Act, 2013. The company was subsequently converted into a public limited company and renamed Bonbloc Technologies Limited on June 19, 2025.

The company operates as an AI-native enterprise technology company focused on developing next-generation AI-powered software-as-a-service (SaaS) solutions and AI-powered Internet of Things (IoT) products. Its business is centred on providing industry-specific AI-SaaS solutions, digital transformation services, intelligent data solutions, blockchain-enabled platforms, and enterprise modernisation offerings.

Bonbloc’s flagship platform, Onelign, integrates artificial intelligence, blockchain, data analytics, and IoT technologies to provide traceability, compliance, and operational intelligence solutions. The platform serves industries such as food and groceries, supply chain and logistics, pharmaceuticals, healthcare, manufacturing, and civic governance, supporting businesses in meeting evolving regulatory and operational requirements.

The company derives a substantial portion of its revenue from customers in the United States and has built strong capabilities in compliance-driven sectors. Its solutions include applications related to food safety compliance, pharmaceutical traceability, supply chain visibility, edge data management, and intelligent business process automation. As of August 31, 2025, the company served 46 customers across multiple industries.

Bonbloc’s growth strategy focuses on expanding its AI, IoT, and blockchain capabilities through continued product and platform development, strategic acquisitions, and investment in technology talent. By strengthening its proprietary platforms and expanding into new markets and industry verticals, the company aims to build a scalable global technology business while capitalising on the growing adoption of enterprise AI and digital transformation solutions.

Industry Outlook

• Artificial intelligence is emerging as one of the fastest-growing technology segments globally, with the United States AI market projected to increase from approximately USD 78 billion in 2025 to USD 431 billion by 2030.
• India’s AI market is expected to grow from around USD 10.9 billion in 2025 to USD 43.5 billion by 2030, reflecting strong demand across industries and increasing enterprise adoption of intelligent technologies.
• Organisations worldwide are increasingly adopting AI, IoT, and blockchain solutions to improve operational efficiency, automate workflows, enhance traceability, and strengthen regulatory compliance across complex supply chains.
• Industries such as food and groceries, pharmaceuticals, healthcare, logistics, and manufacturing are witnessing rising demand for compliance-focused platforms that enable transparency, product traceability, and real-time monitoring.
• Regulatory frameworks such as the Drug Supply Chain Security Act (DSCSA) and Food Safety Modernization Act (FSMA) are encouraging enterprises to invest in technology-driven traceability and compliance solutions.
• The growing use of cloud infrastructure, data analytics, machine learning, and connected devices is accelerating digital transformation initiatives among enterprises globally.
• The competitive landscape continues to evolve, with technology providers focusing on integrated AI, blockchain, and IoT platforms, where innovation, compliance expertise, scalability, and customer relationships remain key differentiators.

Bonbloc Technologies IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Invest in the development and enhancement of existing and new AI-powered products and technology platforms.
• Strengthen the capabilities of the Onelign platform through continued investment in artificial intelligence, blockchain, IoT, and analytics technologies.
• Purchase laptops and related technology infrastructure required to support business expansion and workforce growth.
• Support hiring and expansion of technology, product development, engineering, and platform teams.
• Fund inorganic growth initiatives through acquisitions and strategic business opportunities.
• Enhance operational capabilities and strengthen the company’s global delivery and product development infrastructure.
• Meet general corporate purposes and support long-term business expansion initiatives.

Financial Performance of Bonbloc Technologies Limited

Bonbloc Technologies Limited Peer Details Comparison

Strengths and Opportunities of Bonbloc Technologies IPO

1. The company operates in high-growth technology segments, including artificial intelligence, IoT, blockchain, and enterprise SaaS solutions.
2. Bonbloc has delivered strong financial growth, with revenue increasing from ₹19.81 crore in FY23 to ₹103.37 crore in FY25.
3. Profitability has improved significantly, with PAT rising from ₹2.11 crore in FY23 to ₹33.49 crore in FY25.
4. The company maintains strong operational efficiency, reflected in EBITDA margins of 43.59% and PAT margins of 32.31% in FY25.
5. Bonbloc possesses specialised expertise in compliance-focused technology solutions for highly regulated industries such as pharmaceuticals and food safety.
6. The flagship Onelign platform provides an integrated ecosystem combining AI, blockchain, IoT, and analytics capabilities.
7. The business has a strong presence in the United States market, which contributes the majority of its revenue.
8. The company operates with very low debt, supported by a debt-to-equity ratio of only 0.01x in FY25.
9. Planned investments in product development and strategic acquisitions could support future scalability and long-term growth.

Risks and Threats of Bonbloc Technologies IPO

1. The company derives more than 98% of its revenue from customers located in the United States, creating significant geographical concentration risk.
2. A substantial portion of revenue is generated from a single customer, exposing the business to customer concentration risk.
3. The top five customers contribute almost the entire revenue base, increasing dependence on a limited customer network.
4. Around 95% to 99% of revenue comes from food and grocery-related industries, leading to industry concentration risk.
5. The company remains dependent on the continued success and adoption of the Onelign platform for a significant share of revenues.
6. Rapid technological changes in AI, blockchain, and IoT could require substantial and continuous investment in innovation.
7. Cybersecurity breaches, software vulnerabilities, or data protection failures could adversely affect customer trust and operations.
8. Foreign exchange fluctuations may impact profitability due to the company’s significant exposure to overseas revenue.
9. The company faces competition from larger global technology firms and emerging technology providers that may possess greater financial and operational resources.

Bonbloc Technologies IPO Reservation

Bonbloc Technologies IPO Promoter Holding

The promoters of the company are Hanish Gupta and Nidhi Gupta.

Bonbloc Technologies IPO Prospectus

• Bonbloc Technologies IPO DRHP

Bonbloc Technologies IPO Registrar and Lead Managers

Bonbloc Technologies IPO Lead Managers

• Pantomath Capital Advisors Private Limited

Registrar for Bonbloc Technologies IPO

KFin Technologies Limited

• Contact Number: 040-79615565
• Email Address: ris@kfintech.com

Bonbloc Technologies IPO Registrar

How To Apply for Bonbloc Technologies IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Bonbloc Technologies IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Bonbloc Technologies IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

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Contact Details of Bonbloc Technologies IPO

Registered Office: RR Tower IV, T.V.K. Industrial Estate, Guindy Industrial Estate, Chennai City Corporation, Chennai, Tamil Nadu, 600032.

Phone: +91 9360905304

E-mail: cs@bonbloc.com