Fixed Price IPO | ₹9 Cr | Listed at BSE SME
BCB Finance IPO is a fixed price issue of ₹8.85 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹8.85 crore.
BCB Finance IPO bidding started from Feb 23, 2012 and ended on Feb 27, 2012. The shares got listed on BSE SME on Mar 13, 2012.
BCB Finance IPO price is ₹25 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (12,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is IKAB Securities & Investment Ltd..
Refer to BCB Finance IPO RHP for detailed Information.
IPO Open
Thu, Feb 23, 2012
IPO Close
Mon, Feb 27, 2012
Issue Price
₹25 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 23 to 27 Feb, 2012 |
| Listed on | Tue, Mar 13, 2012 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,40,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 6,40,000 shares IKAB Securities & Investment Ltd. (agg. up to ₹2 Cr) |
| Net Offered to Public | 29,00,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 79,62,585 shares |
| Share Holding Post Issue | 1,15,02,585 shares |
| BSE Script Code | 534109 |
| ISIN | INE883L01018 |
BCB Finance IPO offers total 35,40,000 shares. Out of which 14,50,000 (40.96%) allocated to NII 14,50,000 (40.96%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 6,40,000 (18.08%) |
| NII (HNI) Shares Offered | 14,50,000 (40.96%) |
| Retail Shares Offered | 14,50,000 (40.96%) |
| Total Shares Offered | 35,40,000 (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 | ₹1,00,000 |
| Retail (Max) | 2 | 8,000 | ₹2,00,000 |
| HNI (Min) | 3 | 12,000 | ₹3,00,000 |
Incorporated in 2005, BCB Finance Ltd is engaged in the business of advancing loans and investing/trading in securities. BCB Finance provides its shareholders to participate in a diverse portfolio of investments and gain access to a defined investment process and the investment experience of the management team.
Company operate as a Non Deposit taking Non-systemically Important Non Banking Finance Company. BCB Finance offer a variety of products and services which includes:
1. Loan against securities where in customers seeking for loan can pledge the share that they hold in dematerialized or physical form against the loan taken. Once the loan is repaid, the pledged securities are released.
2. IPO funding to investors who wish to apply / subscribe in an IPO by granting them loan against shares they to be allotted to them in the IPO.
3. Unsecured loans/ bridge loans to various clients.
Please Note: This Issue is being made in terms of Regulation 106(M)(2) of Chapter XB of SEBI (ICDR) Regulations, 2009, as amended from time to time, whereby, an issuer whose post issue paid up capital is more than 10 crores and upto 25 crores, may issue shares to the public and propose to list the same on the Small and Medium Enterprise Exchange (“SME Exchange”, in this case being the SME Platform of BSE).
| 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 | To augment the capital base and provide for the fund requirements for increasing the operational scale with respect to the NBFC activities | 7.50 |
| 2 | To Meet General Corporate Expenses | 0.65 |
| Total | 8.15 |
| KPI | |
|---|---|
| RoNW | 2.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 69.22% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.45 |
| 2 | Printing & Stationery and Postage Expenses | 0.15 |
| 3 | Marketing and Advertisement Expenses | 0.05 |
| 4 | Regulatory fees and expenses | 0.04 |
| 5 | Other Expenses | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.00 |
| Low | ₹25.70 |
| High | ₹27.00 |
| Last Trade | ₹25.70 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
BCB Finance IPO is a SME IPO of 35,40,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Feb 23, 2012, and closes on Mon, Feb 27, 2012.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in BCB Finance IPO using UPI as a payment gateway. Zerodha customers can apply in BCB Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BCB Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BCB Finance IPO opens on Thu, Feb 23, 2012 and closes on Mon, Feb 27, 2012.
BCB Finance IPO lot size is 4000, and the minimum amount required for application is ₹1,00,000.
You can apply in BCB Finance 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 BCB Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the BCB Finance IPO allotment status.
The BCB Finance IPO listing date is on Tue, Mar 13, 2012.
