Bookbuilding IPO | ₹92 Cr | Listed at BSE, NSE | Tue, Sep 28, 2010 - Fri, Oct 1, 2010
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 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹6,630 (65 shares) (based on upper price). 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 Open
Tue, Sep 28, 2010
IPO Close
Fri, Oct 1, 2010
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹214.48 Cr
| IPO Date | 28 Sep to 1 Oct, 2010 |
| Listed on | Thu, Oct 14, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹102 |
| Issue Price | ₹102 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 90,04,211 shares (agg. up to ₹92 Cr) |
| Fresh Issue | 90,04,211 shares (agg. up to ₹92 Cr) |
| Share Holding Pre Issue | 1,20,27,400 shares |
| Share Holding Post Issue | 2,10,27,400 shares |
| BSE Script Code / NSE Symbol | 533270 / BEDMUTHA |
| ISIN | INE844K01012 |
Bedmutha Industries IPO comprises a total issue size of 90,00,000 shares. Out of which, 45,00,000 (50.00%) are allocated to QIB, 13,50,000 (15.00%) allocated to NII 31,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| 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 |
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.
| 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 | Setting up of new plant at Sinnar, Nashik for manufacturing of new product Low Relaxation PreStress Concrete (LRPC) Wire and Spring Steel Wire. | 84.94 |
| 2 | General Corporate Purposes |
| KPI | |
|---|---|
| RoNW | 37.96% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.07% | 56.67% |
| Market Cap | ₹214.48 Cr. |
The Bedmutha IPO is subscribed 7.69 times on October 1, 2010 6:30:00 PM (Day 4). The public issue subscribed 8.51 times in the retail category, 0.67 times in the QIB category, and 29.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.67 | 45,00,000 | |
| NII | 29.19 | 13,50,000 | |
| Retail | 8.51 | 31,50,000 | |
| Total | 7.69 | 90,00,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Listing & Annual fees & expenses of the SEBI | |
| 2 | Lead Management fees, underwriting & selling commissions | |
| 3 | Advertising & Marketing expenses | |
| 4 | Printing & Stationery | |
| 5 | Commission to syndicate members and SCSBs | |
| 6 | Other (Registrar’s fees, legal fees, grading expenses etc) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹102.00 | ₹102.00 |
| Open | ₹114.40 | ₹113.50 |
| Low | ₹98.00 | ₹98.00 |
| High | ₹205.00 | ₹204.00 |
| Last Trade | ₹180.80 | ₹179.15 |
Lead Manager Reports
Bedmutha Industries IPO is a main-board IPO of 90,04,211 equity shares of the face value of ₹10 aggregating up to ₹92 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 65.
The IPO opens on Tue, Sep 28, 2010, and closes on Fri, Oct 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 Tue, Sep 28, 2010 and closes on Fri, Oct 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 Thu, Oct 14, 2010.
