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Bedmutha Industries IPO is a book build issue of ₹91.84 crores. The issue is entirely a fresh issue of 0.90 crore shares of ₹91.84 crore.
Bedmutha Industries IPO bidding started from Sep 28, 2010 and ended on Oct 1, 2010. The shares got listed on BSE, NSE on Oct 14, 2010.
Bedmutha Industries IPO price band is set at ₹102.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is ₹6,175 (65 shares). The lot size investment for sNII is 31 lots (2,015 shares), amounting to ₹2,05,530, and for bNII, it is 151 lots (9,815 shares), amounting to ₹10,01,130.
Ashika Capital Ltd. is the book running lead manager and Mondkar Computers Pvt.Ltd. is the registrar of the issue.
Refer to Bedmutha Industries IPO RHP for detailed Information.
| IPO Date | September 28, 2010 to October 1, 2010 |
| Listing Date | October 14, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹102 per share |
| Issue Price Final | ₹102 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 90,04,211 shares (aggregating up to ₹91.84 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,20,27,400 shares |
| Share Holding Post Issue | 2,10,27,400 shares |
Bedmutha IPO offers total 90,00,000 shares. Out of which 45,00,000 (50.00%) allocated to QIB, 13,50,000 (15.00%) allocated to NII, 31,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 45,00,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 13,50,000 (15.00%) | NA |
| Retail Shares Offered | 31,50,000 (35.00%) | 48,461 |
| Total Shares Offered | 90,00,000 (100.00%) |
Bedmutha Industries IPO opens on September 28, 2010, and closes on October 1, 2010.
| IPO Open Date | Tue, Sep 28, 2010 |
| IPO Close Date | Fri, Oct 1, 2010 |
| Tentative Listing Date | Thu, Oct 14, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 1, 2010 |
Investors can bid for a minimum of 65 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 | 65 | ₹6,630 |
| Retail (Max) | 30 | 1,950 | ₹1,98,900 |
| S-HNI (Min) | 31 | 2,015 | ₹2,05,530 |
| S-HNI (Max) | 150 | 9,750 | ₹9,94,500 |
| B-HNI (Min) | 151 | 9,815 | ₹10,01,130 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Bedmutha Industries Ltd is one of the leading steel wire manufacturers in western India located in Nashik. Bedmutha operate four manufacturing units in and around Nashik and they are strategically located in proximity to the source of raw materials and markets ensuring cost savings and logistic benefits.
Company has wide range of wire and wire products - Galvanized wires, Cable Armour Wires, ACSR Wires, Wire Nails, Earth Wires, Stay Wires, Spring Steel Wires, Barbed Wires, etc. Products are used in various areas such as roads, bridges, flyovers, power, automobile, engineering, agriculture, railways and defence. Their products are approved by Bureau of Indian Standards, Power Grid Corporation and State Electricity Boards.
Bedmutha have promoted Kamalasha Infrastructure & Engineering Private Limited (KIEPL) which is their subsidiary, for implementation of turnkey contracts for infrastructure namely in power, roads, railways etc.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Oct-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 9,746.52 | 15,166.11 | 11,563.53 | 7,115.99 | 5,292.48 |
| Profit After Tax (PAT) | 856.03 | 702.93 | 392.45 | (25.13) | 23.61 |
| KPI | Values |
|---|---|
| RoNW | 37.96% |
The Company Bedmutha IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting up of new plant at Sinnar, Nashik for manufacturing of new product Low Relaxation PreStress Concrete (LRPC) Wire and Spring Steel Wire. | 849.44 |
| 2 | General Corporate Purposes |
ICRA has assigned an IPO Grade 2 to Bedmutha Industries Limited IPO. This means as per ICRA company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for Bedmutha Industries Limited.
Bedmutha Industries IPO, Bedmutha IPO, Bedmutha IPO Bidding, Bedmutha IPO Allotment Status, Bedmutha drhp and Bedmutha Industries Limited IPO listing.
| Listing Date | October 14, 2010 |
| BSE Script Code | 533270 |
| NSE Symbol | BEDMUTHA |
| ISIN | INE844K01012 |
| Final Issue Price | ₹102 per share |
| BSE Listing Group | B |
Bedmutha Industries Ltd.
Bedmutha Industries Ltd,
A-32, STICE,
Sinnar, Nashik-422 103, Maharashtra, India
Sinnar, Maharashtra
Phone: 91-2551240481/240631
Email: ipo@bedmutha.com
Website: http://www.bedmutha.com
Mondkar Computers Pvt.Ltd.
Phone: 022 - 2836 6620 / 2825 7641
Email: bedmutha_ipo@mondkarcomputers.com
Website: https://www.unisec.in/
Bedmutha Industries IPO is a main-board IPO of 90,04,211 equity shares of the face value of ₹10 aggregating up to ₹91.84 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 65.
The IPO opens on September 28, 2010, and closes on October 1, 2010.
Mondkar Computers Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bedmutha Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Bedmutha Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bedmutha Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bedmutha Industries IPO opens on September 28, 2010 and closes on October 1, 2010.
Bedmutha Industries IPO lot size is 65, and the minimum amount required for application is ₹6,630.
You can apply in Bedmutha Industries 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 Bedmutha Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bedmutha Industries IPO allotment status.
The Bedmutha Industries IPO listing date is on Thursday, October 14, 2010.
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