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Bharat Earth Movers FPO is a book build issue of ₹526.75 crores. The issue is entirely a fresh issue of 0.49 crore shares of ₹526.75 crore.
Bharat Earth Movers FPO bidding started from Jun 27, 2007 and ended on Jul 3, 2007. The shares got listed on BSE, NSE on Jul 17, 2007.
Bharat Earth Movers FPO price band is set at ₹1075.00 per share . The lot size for an application is 5. The minimum amount of investment required by an retail is ₹5,100 (5 shares). The lot size investment for sNII is 38 lots (190 shares), amounting to ₹2,04,250, and for bNII, it is 187 lots (935 shares), amounting to ₹10,05,125.
The issue includes a reservation of up to 4,90,000 shares for employees offered at a discount of ₹0.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bharat Earth Movers FPO RHP for detailed Information.
| IPO Date | June 27, 2007 to July 3, 2007 |
| Listing Date | July 17, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1020 to ₹1090 per share |
| Issue Price Final | ₹1075 per share |
| Lot Size | 5 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,00,000 shares (aggregating up to ₹526.75 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,67,44,500 shares |
| Share Holding Post Issue | 3,67,44,500 shares |
BEML IPO offers total 49,00,000 shares. Out of which 22,05,000 (45.00%) allocated to QIB, 6,61,500 (13.50%) allocated to NII, 15,43,500 (31.50%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 22,05,000 (45.00%) | NA |
| NII (HNI) Shares Offered | 6,61,500 (13.50%) | NA |
| Retail Shares Offered | 15,43,500 (31.50%) | 3,08,700 |
| Employee Shares Offered | 4,90,000 (10.00%) | NA |
| Total Shares Offered | 49,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Bharat Earth Movers FPO opens on June 27, 2007, and closes on July 3, 2007.
| IPO Open Date | Wed, Jun 27, 2007 |
| IPO Close Date | Tue, Jul 3, 2007 |
| Tentative Listing Date | Tue, Jul 17, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 3, 2007 |
Investors can bid for a minimum of 5 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 | 5 | ₹5,375 |
| Retail (Max) | 37 | 185 | ₹1,98,875 |
| S-HNI (Min) | 38 | 190 | ₹2,04,250 |
| S-HNI (Max) | 186 | 930 | ₹9,99,750 |
| B-HNI (Min) | 187 | 935 | ₹10,05,125 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Bharat Earth Movers Limited (BEML) is a leading manufacturer of mining and construction equipments in India. BEML was incorporated in 1964 as a Public Sector Undertaking (PSU) under the administrative control of Department of Defense Production and Supplies, Ministry of Defense, with headquarters at Bangalore.
BEML deals in three product segments comprising Mining and Construction equipments, Defense products and Railway & Metro products. BEML is also in design and manufacturing high quality hydraulics, heavy-duty diesel engines, welding robots and heavy fabrication jobs.
BEML is a Mini-Ratna (Category 1) Company under the Ministry of Defense and ranked as the first among the Fastest Growing Construction Equipment Companies in India.
| KPI | Values |
|---|---|
| RoNW | 21.89% |
The Company BEML 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 | Expansion of Metro Coach Manufacturing Facility at Bangalore | 2,145.13 |
| 2 | Capital Expenditure including upgradation of current facilities | 900.00 |
| 3 | Voluntary Retirement Scheme (“VRS”) for Employees | 900.00 |
| 4 | Setting up of 5MW Wind Mill for captive consumption | 270.00 |
| 5 | Contribution for setting up R&D Centre of Excellence for Metro Coaches | 90.00 |
| 6 | Issue Expenses | 145.00 |
| 7 | General Corporate Purposes | 817.38 |
| Listing Date | July 17, 2007 |
| BSE Script Code | 500048 |
| NSE Symbol | BEML |
| ISIN | INE258A01016 |
| Final Issue Price | ₹1075 per share |
| BSE Listing Group | A |
Bharat Earth Movers Ltd.
Bharat Earth Movers Limited,
BEML Soudha, No. 23/1, 4th Main Road,
Sampangiramanagar, Bangalore – 560 027 India
Bangalore Urban, Karnataka
Phone: +91-80-2296 3142
Email: office@cs.beml.co.in
Website: http://www.bemlindia.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Bharat Earth Movers FPO is a main-board FPO of 49,00,000 equity shares of the face value of ₹10 aggregating up to ₹526.75 Crores. The issue is priced at ₹1075 per share. The minimum order quantity is 5.
The FPO opens on June 27, 2007, and closes on July 3, 2007.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bharat Earth Movers FPO using UPI as a payment gateway. Zerodha customers can apply in Bharat Earth Movers FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharat Earth Movers FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharat Earth Movers FPO opens on June 27, 2007 and closes on July 3, 2007.
Bharat Earth Movers FPO lot size is 5, and the minimum amount required for application is ₹5,375.
You can apply in Bharat Earth Movers FPO 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 Bharat Earth Movers FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bharat Earth Movers FPO allotment status.
The Bharat Earth Movers FPO listing date is on Tuesday, July 17, 2007.
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