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Bansal Multiflex IPO is a fixed price issue of ₹6.20 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹6.20 crore.
Bansal Multiflex IPO bidding started from Jun 30, 2017 and ended on Jul 4, 2017. The shares got listed on NSE SME on Jul 12, 2017.
Bansal Multiflex IPO price is ₹31.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,24,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,48,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Bansal Multiflex IPO RHP for detailed Information.
| IPO Date | June 30, 2017 to July 4, 2017 |
| Listing Date | July 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,00,000 shares (aggregating up to ₹6.20 Cr) |
| Reserved for Market Maker | 1,04,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.3224 Cr) |
| Net Offered to Public | 18,96,000 shares (aggregating up to ₹5.88 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,10,000 shares |
| Share Holding Post Issue | 74,10,000 shares |
Bansal Multiflex IPO offers total 20,00,000 shares. Out of which 9,48,000 (47.40%) allocated to NII, 9,48,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,04,000 (5.20%) |
| NII (HNI) Shares Offered | 9,48,000 (47.40%) |
| Retail Shares Offered | 9,48,000 (47.40%) |
| Total Shares Offered | 20,00,000 (100.00%) |
Bansal Multiflex IPO opens on June 30, 2017, and closes on July 4, 2017.
| IPO Open Date | Fri, Jun 30, 2017 |
| IPO Close Date | Tue, Jul 4, 2017 |
| Tentative Listing Date | Wed, Jul 12, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 4, 2017 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,24,000 |
| Retail (Max) | 1 | 4,000 | ₹1,24,000 |
| HNI (Min) | 2 | 8,000 | ₹2,48,000 |
Incorporated in 2013, Bansal Multiflex Ltd (BML) is engaged in trading of cloth, different type of semi furnished fabrics, varieties of finished fabrics. They are also engaged in trading of different type of chemicals primarily used in making detergent and soaps.
BML also engages services of third party job workers for processing of grey cloth which includes dying, bleaching, printing, drying etc. The company sells the semi-finished and finished product to garment houses for manufacturing of garments in the apparel industry. BML’s Product portfolio comprises of Grey fabric, Cotton Fabric, Dress materials, Matching Twill Fabrics, Satin fabrics, Slub Satin Fabrics, Cotton Slub fabrics, Dobby fabrics, Meti fabrics, Jute Fabrics, Denim Fabric, Xford Fabrics, Rencho Fabrics, Micro Cotton Fabrics and Raymond Cotton Fabrics under the spectrum of fabric and cloth and Acid Slury (LABSA),AOS Chemicals, Caustic Flakes, Caustic Soda Flakes under the spectrum of chemicals.
| Particulars | For the year/period ended (in Rs. Lacs) | ||||
|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 1981.94 | 58.93 | 18.36 | 130.47 | |
| Total Revenue | 1176.97 | 213.45 | 177.43 | 140.38 | |
| Profit After Tax | 37.72 | 2.11 | 1.35 | 0.40 | |
The Company Bansal Multiflex IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 4.50 |
| 2 | General corporate purposes | 1.00 |
[Dilip Davda] Only risk savvy cash surplus investors may consider moderate investment for long term in this costly bet. Read detail review...
| Listing Date | July 12, 2017 |
| BSE Script Code | |
| NSE Symbol | BANSAL |
| ISIN | INE668X01018 |
| Final Issue Price | ₹31 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹34.00 |
| Low | ₹32.70 |
| High | ₹36.85 |
| Last Trade | ₹35.70 |
Bansal Multiflex Ltd.
72, The Nutan Guj. Co Op Shops and Warehouse,
Soc O/S Raipur Gate,
Near Laxmi Cotton Mill,
Ahmedabad, Gujarat, 380022
Phone: 079-25454570
Email: CS@bansalmultiflex.com
Website: http://www.bansalmultiflex.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Bansal Multiflex IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.20 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on June 30, 2017, and closes on July 4, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Bansal Multiflex IPO using UPI as a payment gateway. Zerodha customers can apply in Bansal Multiflex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bansal Multiflex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bansal Multiflex IPO opens on June 30, 2017 and closes on July 4, 2017.
Bansal Multiflex IPO lot size is 4000, and the minimum amount required for application is ₹1,24,000.
You can apply in Bansal Multiflex IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bansal Multiflex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bansal Multiflex IPO allotment status.
The Bansal Multiflex IPO listing date is on Wednesday, July 12, 2017.
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