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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 ₹58.00 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). The minimum lot size investment for 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 Date | September 2, 2021 to September 7, 2021 |
| Listing Date | September 16, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,84,000 shares (aggregating up to ₹3.97 Cr) |
| Reserved for Market Maker | 36,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.2088 Cr) |
| Net Offered to Public | 6,48,000 shares (aggregating up to ₹3.76 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 14,80,000 shares |
| Share Holding Post Issue | 25,80,667 shares |
BEW Engineering IPO offers total 6,84,000 shares. Out of which 3,24,000 (47.37%) allocated to NII, 3,24,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 36,000 (5.26%) |
| NII (HNI) Shares Offered | 3,24,000 (47.37%) |
| Retail Shares Offered | 3,24,000 (47.37%) |
| Total Shares Offered | 6,84,000 (100.00%) |
BEW Engineering IPO opens on September 2, 2021, and closes on September 7, 2021.
| IPO Open Date | Thu, Sep 2, 2021 |
| IPO Close Date | Tue, Sep 7, 2021 |
| Tentative Allotment | Mon, Sep 13, 2021 |
| Initiation of Refunds | Tue, Sep 14, 2021 |
| Credit of Shares to Demat | Wed, Sep 15, 2021 |
| Tentative Listing Date | Thu, Sep 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 7, 2021 |
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 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 7,254.08 | 6,032.61 | 5,089.57 | ||
| Total Revenue | 7,354.59 | 6,771.01 | 6,384.53 | ||
| Profit After Tax | 286.53 | 65.88 | 70.57 | ||
The Company BEW Engineering 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 | Meeting additional Working Capital Requirements, | 3.48 |
| 2 | General Corporate Purpose | 0.19 |
[Dilip Davda] Though the prima facie issue appears lucratively priced, its alarming level of borrowings and the sustainability of its profitability going forward raised concern. Even the equity base post IPO is too small and it will take a pretty long time to migrate to the mainboard. Considering all these, risk seekers cash surplus investors may consider investing for the long term. Read detail review...
| Listing Date | September 16, 2021 |
| BSE Script Code | |
| NSE Symbol | BEWLTD |
| ISIN | INE0HQI01014 |
| Final Issue Price | ₹58 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹127.60 |
| Low | ₹127.60 |
| High | ₹133.95 |
| Last Trade | ₹133.95 |
BEW Engineering Ltd.
FE-10 MIDC
Phase No. II
Manpada Road, (East)
Dombivli, Maharashtra, 421204
Phone: +91 251 287 3338
Email: cs@bewltd.com
Website: http://www.bewltd.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
BEW Engineering IPO is a SME IPO of 6,84,000 equity shares of the face value of ₹10 aggregating up to ₹3.97 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000.
The IPO opens on September 2, 2021, and closes on September 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 September 2, 2021 and closes on September 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 Wednesday, September 15, 2021. Check the BEW Engineering IPO allotment status.
The BEW Engineering IPO listing date is on Thursday, September 16, 2021.
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