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B.C.Power Controls IPO is a fixed price issue of ₹10.37 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹10.37 crore.
B.C.Power Controls IPO bidding started from Feb 24, 2014 and ended on Feb 28, 2014. The shares got listed on BSE SME on Mar 14, 2014.
B.C.Power Controls IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Sarthi 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 Choice Equity Broking Pvt.Ltd..
Refer to B.C.Power Controls IPO RHP for detailed Information.
| IPO Date | February 24, 2014 to February 28, 2014 |
| Listing Date | March 14, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,60,000 shares (aggregating up to ₹10.37 Cr) |
| Reserved for Market Maker | 2,88,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.5184 Cr) |
| Net Offered to Public | 54,72,000 shares (aggregating up to ₹9.85 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 1,17,60,000 shares |
B C Power Controls IPO offers total 57,60,000 shares. Out of which 27,36,000 (47.50%) allocated to NII, 27,36,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.00%) |
| NII (HNI) Shares Offered | 27,36,000 (47.50%) |
| Retail Shares Offered | 27,36,000 (47.50%) |
| Total Shares Offered | 57,60,000 (100.00%) |
B.C.Power Controls IPO opens on February 24, 2014, and closes on February 28, 2014.
| IPO Open Date | Mon, Feb 24, 2014 |
| IPO Close Date | Fri, Feb 28, 2014 |
| Tentative Listing Date | Fri, Mar 14, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 28, 2014 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, B C Power Controls Ltd is is one of the leading players in the Wire & Cable Industry and is among the largest Wire & Cable manufacturers in India.
They are one of the leading manufacturers of Wires & Cables which include Armoured Cable, Unarmoured Cable, Flexible & House Wires, Submersible Cable, Control & Instrumentation Cable. These are manufactured using quality material which is checked at every stage of production by our highly experienced quality controllers. In the year 2010, the Company made the backwards integration installing the Copper and Aluminium wire drawing facility which, in turn, added value to the organization in terms of economies of scale and production of Copper and Aluminium wires.
| KPI | Values |
|---|---|
| RoNW | 3.14% |
The Company B.C.Power Controls 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 | 8.50 |
| 2 | General Corporate Purposes | 1.32 |
| 3 | Issue Expenses | 0.55 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-family: Calibri; font-size: medium;">Avoid this highly priced issue that also has entry barrier. </span></span></strong></p> Read detail review...
| Listing Date | March 14, 2014 |
| BSE Script Code | 537766 |
| NSE Symbol | |
| ISIN | INE905P01010 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹17.15 |
| Low | ₹17.15 |
| High | ₹18.25 |
| Last Trade | ₹18.10 |
B.C.Power Controls Ltd.
7A/39, WEA Channa Market,
Karol Bagh,
New Delhi,
New Delhi, New Delhi, 110005
Phone: +91 11 47532792-95
Email: info@bonlongroup.com
Website: http://www.bcpowercontrols.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
B.C.Power Controls IPO is a SME IPO of 57,60,000 equity shares of the face value of ₹10 aggregating up to ₹10.37 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on February 24, 2014, and closes on February 28, 2014.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in B.C.Power Controls IPO using UPI as a payment gateway. Zerodha customers can apply in B.C.Power Controls IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in B.C.Power Controls IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The B.C.Power Controls IPO opens on February 24, 2014 and closes on February 28, 2014.
B.C.Power Controls IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in B.C.Power Controls 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 B.C.Power Controls IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the B.C.Power Controls IPO allotment status.
The B.C.Power Controls IPO listing date is on Friday, March 14, 2014.
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