Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Fri, Jun 30, 2017 - Tue, Jul 4, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jun 30, 2017
IPO Close
Tue, Jul 4, 2017
Issue Price
₹31 per share
Market Cap (Pre-IPO)
₹22.97 Cr
| IPO Date | 30 Jun to 4 Jul, 2017 |
| Listed on | Wed, Jul 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,04,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.3224 Cr) |
| Fresh Issue (Ex Market Maker) | 18,96,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 18,96,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 54,10,000 shares |
| Share Holding Post Issue | 74,10,000 shares |
| NSE Symbol | BANSAL |
| ISIN | INE668X01018 |
Bansal Multiflex IPO comprises a total issue size of 20,00,000 shares. The net offer to the public is 18,96,000 shares, after excluding 1,04,000 shares allotted on a firm basis. Of the Net offer 9,48,000 (50.00%) allocated to NII 9,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,48,000 | 50.00% | 47.40% |
| Retail Shares Offered | 9,48,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,04,000 | 5.20% | |
| Total Shares Offered | 20,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 4.50 |
| 2 | General corporate purposes | 1.00 |
The Bansal Multiflex IPO is subscribed [.] times on July 4, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.55 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹34.00 |
| Low | ₹32.70 |
| High | ₹36.85 |
| Last Trade | ₹35.70 |
Lead Manager Reports
Bansal Multiflex IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Jun 30, 2017, and closes on Tue, Jul 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 Fri, Jun 30, 2017 and closes on Tue, Jul 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 Wed, Jul 12, 2017.
