Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Mon, Feb 24, 2014 - Fri, Feb 28, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 24, 2014
IPO Close
Fri, Feb 28, 2014
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹21.17 Cr
| IPO Date | 24 to 28 Feb, 2014 |
| Listed on | Fri, Mar 14, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 57,60,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 2,88,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.5184 Cr) |
| Fresh Issue (Ex Market Maker) | 54,72,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 54,72,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 1,17,60,000 shares |
| BSE Script Code | 537766 |
| ISIN | INE905P01010 |
B.C.Power Controls IPO comprises a total issue size of 57,60,000 shares. The net offer to the public is 54,72,000 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 27,36,000 (50.00%) allocated to NII 27,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,36,000 | 50.00% | 47.50% |
| Retail Shares Offered | 27,36,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.00% | |
| Total Shares Offered | 57,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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.
| 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 | 8.50 |
| 2 | General Corporate Purposes | 1.32 |
| 3 | Issue Expenses | 0.55 |
| KPI | |
|---|---|
| RoNW | 3.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 51.02% |
| Market Cap | ₹21.17 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc | 0.45 |
| 2 | Regulatory fees & Other Expenses | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹17.15 |
| Low | ₹17.15 |
| High | ₹18.25 |
| Last Trade | ₹18.10 |
Lead Manager Reports
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 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Mon, Feb 24, 2014, and closes on Fri, Feb 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 Mon, Feb 24, 2014 and closes on Fri, Feb 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 Fri, Mar 14, 2014.
