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Benara Bearings IPO is a book build issue of ₹33.49 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹33.49 crore.
Benara Bearings IPO bidding started from Mar 20, 2018 and ended on Mar 22, 2018. The shares got listed on BSE SME on Apr 3, 2018.
Benara Bearings IPO price band is set at ₹63.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,52,000.
The issue includes a reservation of up to 76,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Pantomath 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 Pantomath Stock Brokers Pvt.Ltd..
Refer to Benara Bearings IPO RHP for detailed Information.
| IPO Date | March 20, 2018 to March 22, 2018 |
| Listing Date | April 3, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹60 to ₹63 per share |
| Issue Price Final | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,16,000 shares (aggregating up to ₹33.49 Cr) |
| Reserved for Market Maker | 2,72,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.71 Cr) |
| Net Offered to Public | 50,44,000 shares (aggregating up to ₹31.78 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,23,91,288 shares |
| Share Holding Post Issue | 1,77,07,288 shares |
Benara Bearings IPO offers total 53,16,000 shares. Out of which 24,84,000 (46.73%) allocated to NII, 24,84,000 (46.73%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,72,000 (5.12%) |
| NII (HNI) Shares Offered | 24,84,000 (46.73%) |
| Retail Shares Offered | 24,84,000 (46.73%) |
| Employee Shares Offered | 76,000 (1.43%) |
| Total Shares Offered | 53,16,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Benara Bearings IPO opens on March 20, 2018, and closes on March 22, 2018.
| IPO Open Date | Tue, Mar 20, 2018 |
| IPO Close Date | Thu, Mar 22, 2018 |
| Tentative Listing Date | Tue, Apr 3, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 22, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,26,000 |
| Retail (Max) | 1 | 2,000 | ₹1,26,000 |
| HNI (Min) | 2 | 4,000 | ₹2,52,000 |
Incorporated in 1990, Benara Bearings & Pistons Ltd is an ISO 9001:2015 certified company engaged in the manufacturing of engine bearings, bushes, pistons, piston pin, piston rings, cylinder liners and sleeves and engine valves.
They are also in the business of marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, valve seals & batteries (Motorcycle / Inverter / E Rickshaws) under their own brand which they source through third party contract manufacturing. Company markets its product in OEM and Replacement market.
Company has two manufacturing facilities, which are situated at Sikandra, Agra ("Unit I") where they manufactures piston pin, piston ring and engine bearing and bushes and other one is at Artoni, Agra-Mathura Road Agra ("Unit II") where they manufactures piston, cylinder block / liner and engine valve. Company's products are well known in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Haryana, Gujarat, Delhi NCR and West Bengal.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 6119.03 | 5151.80 | 4383.58 | 5429.57 | 5195.08 | |
| Total Revenue | 10437.82 | 8024.05 | 7180.55 | 5188.33 | 4987.03 | |
| Profit After Tax | 455.38 | 75.68 | 45.96 | 2.87 | 22.77 | |
The Company Benara Bearings IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion of the Company by way of opening retail stores for automobile parts across the country | 7.50 |
| 2 | Funding the working capital requirements of the Subsidiary BSPL | 5.00 |
| 3 | Funding the working capital requirements of the Company | 10.50 |
| 4 | General Corporate Purpose | 7.49 |
[Dilip Davda] <p><br />Company’s recent working raises eyebrows and is a major concern for future outlook. Although issue is priced reasonably on the basis of such superb profits, risk savvy cash surplus investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | April 3, 2018 |
| BSE Script Code | 541178 |
| NSE Symbol | |
| ISIN | INE495Z01011 |
| Final Issue Price | ₹63 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹64.00 |
| Low | ₹61.00 |
| High | ₹64.00 |
| Last Trade | ₹61.95 |
Benara Bearings & Pistons Ltd.
A-3 & 4 Site B,
Industrial Area,
Sikandra,
Agra, Uttar Pradesh, 282007
Phone: +91-562-2970158
Email: investorgrievance@benara-phb.com
Website: http://www.benara-phb.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Benara Bearings IPO is a SME IPO of 53,16,000 equity shares of the face value of ₹10 aggregating up to ₹33.49 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on March 20, 2018, and closes on March 22, 2018.
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 Benara Bearings IPO using UPI as a payment gateway. Zerodha customers can apply in Benara Bearings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Benara Bearings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Benara Bearings IPO opens on March 20, 2018 and closes on March 22, 2018.
Benara Bearings IPO lot size is 2000, and the minimum amount required for application is ₹1,26,000.
You can apply in Benara Bearings 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 Benara Bearings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Benara Bearings IPO allotment status.
The Benara Bearings IPO listing date is on Tuesday, April 3, 2018.
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