Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Thu, Sep 2, 2021 - Tue, Sep 7, 2021
BEW Engineering IPO is a fixed price issue of ₹3.97 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹3.97 crore.
BEW Engineering IPO bidding started from Sep 2, 2021 and ended on Sep 7, 2021. The allotment for BEW Engineering IPO was finalized on Sep 13, 2021. The shares got listed on NSE SME on Sep 16, 2021.
BEW Engineering IPO price is ₹58 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,16,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,32,000.
First Overseas Capital 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 NNM Securities Pvt.Ltd..
Refer to BEW Engineering IPO RHP for detailed Information.
IPO Open
Thu, Sep 2, 2021
IPO Close
Tue, Sep 7, 2021
Issue Price
₹58 per share
Market Cap (Pre-IPO)
₹14.97 Cr
| IPO Date | 2 to 7 Sep, 2021 |
| Listed on | Thu, Sep 16, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 6,84,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 36,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.2088 Cr) |
| Fresh Issue (Ex Market Maker) | 6,48,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 6,48,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 14,80,000 shares |
| Share Holding Post Issue | 25,80,667 shares |
| NSE Symbol | BEWLTD |
| ISIN | INE0HQI01014 |
BEW Engineering IPO comprises a total issue size of 6,84,000 shares. The net offer to the public is 6,48,000 shares, after excluding 36,000 shares allotted on a firm basis. Of the Net offer 3,24,000 (50.00%) allocated to NII 3,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,24,000 | 50.00% | 47.37% |
| Retail Shares Offered | 3,24,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 36,000 | 5.26% | |
| Total Shares Offered | 6,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Incorporated in 2011, BEW Engineering is engaged in the design and manufacturing of filters and dryers for the Chemicals Industry comprising of Pharmaceuticals – API, Agro Chemicals, and Specialty Chemicals. The company's product portfolio includes a range of filtration, mixing and drying equipment, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Argo Chemicals, Pesticides, Insecticides, Dyes and Food Products.
Top states contributing to the company’s revenue are Maharashtra, Andhra Pradesh, Gujarat, Telangana & Karnataka.
Competitive strengths
| 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 | Meeting additional Working Capital Requirements, | 3.48 |
| 2 | General Corporate Purpose | 0.19 |
The BEW Engineering IPO is subscribed 21.65 times on September 7, 2021 5:00:00 PM (Day 4). The public issue subscribed 24.79 times in the retail category, [.] times in the QIB category, and 18.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 18.51 | 3,24,000 | 59,96,000 |
| Retail | 24.79 | 3,24,000 | 80,32,000 |
| Total | 21.65 | 6,48,000 | 1,40,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.23 |
| 2 | Advertising and marketing expenses | 0.02 |
| 3 | Printing and stationery expenses, distribution and postage | 0.03 |
| 4 | Regulatory and other expenses including Listing Fee | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹127.60 |
| Low | ₹127.60 |
| High | ₹133.95 |
| Last Trade | ₹133.95 |
Lead Manager Reports
BEW Engineering IPO is a SME IPO of 6,84,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Sep 2, 2021, and closes on Tue, Sep 7, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in BEW Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in BEW Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BEW Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BEW Engineering IPO opens on Thu, Sep 2, 2021 and closes on Tue, Sep 7, 2021.
BEW Engineering IPO lot size is 2000, and the minimum amount required for application is ₹1,16,000.
You can apply in BEW Engineering 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 BEW Engineering IPO will be done on Monday, September 13, 2021, and the allotted shares will be credited to your demat account by Wed, Sep 15, 2021. Check the BEW Engineering IPO allotment status.
The BEW Engineering IPO listing date is on Thu, Sep 16, 2021.
