Bookbuilding IPO | ₹70 Cr | Listed at BSE, NSE | Fri, Mar 18, 2016 - Tue, Mar 22, 2016
Bharat Wire Ropes IPO is a book build issue of ₹70.00 crores. The issue is entirely a fresh issue of 1.56 crore shares of ₹70.00 crore.
Bharat Wire Ropes IPO bidding started from Mar 18, 2016 and ended on Mar 22, 2016. The shares got listed on BSE, NSE on Apr 1, 2016.
Bharat Wire Ropes IPO price band is set at ₹45 per share. The lot size for an application is 300. The minimum amount of investment required by an retail is ₹13,500 (300 shares) (based on upper price). The lot size investment for sNII is 15 lots (4,500 shares), amounting to ₹2,02,500, and for bNII, it is 75 lots (22,500 shares), amounting to ₹10,12,500.
The issue includes a reservation of up to 7,77,777 shares for employees offered at a discount of ₹0.00 to the issue price.
BOB Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bharat Wire Ropes IPO RHP for detailed Information.
IPO Open
Fri, Mar 18, 2016
IPO Close
Tue, Mar 22, 2016
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹202.29 Cr
| IPO Date | 18 to 22 Mar, 2016 |
| Listed on | Fri, Apr 1, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,55,55,555 shares (agg. up to ₹70 Cr) |
| Fresh Issue | 1,55,55,555 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 2,93,96,693 shares |
| Share Holding Post Issue | 4,49,52,248 shares |
| BSE Script Code / NSE Symbol | 539799 / BHARATWIRE |
| ISIN | INE316L01019 |
Bharat Wire Ropes IPO comprises a total issue size of 1,55,55,555 shares. The net offer to the public is 1,47,77,778 shares, after excluding 7,77,777 shares under a preferential allotment. Of the Net offer 1,10,83,335 (75.00%) are allocated to QIB, 22,16,666 (15.00%) allocated to NII 14,77,777 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,10,83,335 | 75.00% | 71.25% | NA |
| NII (HNI) Shares Offered | 22,16,666 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 14,77,777 | 10.00% | 9.50% | 4,925 |
| Preferential Reservations | ||||
| Employee Shares Offered | 7,77,777 | 5.00% | NA | |
| Total Shares Offered | 1,55,55,555 | 100.00% | 100.00% | |
Investors can bid for a minimum of 300 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹13,500 |
| Retail (Max) | 14 | 4,200 | ₹1,89,000 |
| S-HNI (Min) | 15 | 4,500 | ₹2,02,500 |
| S-HNI (Max) | 74 | 22,200 | ₹9,99,000 |
| B-HNI (Min) | 75 | 22,500 | ₹10,12,500 |
| 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 |
Incorporated in 1986, Bharat Wire Ropes Ltd (BWR) is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. Company is also engaged in the business of trading of the steel related products.
Company's steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. Company also have a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel its current manufacturing process.
Bharat Wire Ropes ltd is an ISO 9001:2008 certified company for the manufacture and supply of steel wire ropes, stainless steel wire ropes, non-ferrous wire ropes, slings, relevant conductors, wire for specialised applications and rope fittings in domestic and international market.
BWR's Strengths:
1. Experienced management team
2. Diversified product mix
3. Established player in the indian wire rope industry
4. Diversified client base
5. Pan-india customer base
6. Global reach
| 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 | Part finance to set up a New Unit at MIDC Zone, at Chalisgaon, Dist: Jalgaon , Maharashtra | 60.00 |
| 2 | General Corporate Purposes | 5.82 |
The Bharat Wire Ropes IPO is subscribed 1.21 times on March 22, 2016 5:00:00 PM (Day 3). The public issue subscribed 2.08 times in the retail category, 1.01 times in the QIB category, and 2.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.01 | 1,24,68,750 | |
| NII | 2.02 | 24,93,750 | |
| Retail | 2.08 | 16,62,500 | |
| Employee | 0.1 | 8,75,000 | |
| Total | 1.21 | 1,75,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the BRLMs, underwriting commission, brokerage and selling commission | 2.44 |
| 2 | Processing fee to the SCSBs for processing Bid cum Application Forms procured by Syndicate/Sub Syndicate and submitted to SCSBs or procured by Registered Brokers, Brokerage and sellingcommission for Registered Brokers, RTA‘s, CDP‘ | 0.01 |
| 3 | Advertising and marketing expenses, printing and stationery, distribution, postage etc. | 0.70 |
| 4 | Fees to the Registrar to the Issue | 0.03 |
| 5 | Listing fees and other regulatory expenses | 0.63 |
| 6 | Other expenses (Legal advisors, Auditors and other Advisors etc.) | 0.37 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹45.00 | ₹45.00 |
| Open | ₹47.35 | ₹47.25 |
| Low | ₹45.00 | ₹44.90 |
| High | ₹47.50 | ₹47.25 |
| Last Trade | ₹45.40 | ₹45.55 |
Lead Manager Reports
Bharat Wire Ropes IPO is a main-board IPO of 1,55,55,555 equity shares of the face value of ₹10 aggregating up to ₹70 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 300.
The IPO opens on Fri, Mar 18, 2016, and closes on Tue, Mar 22, 2016.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bharat Wire Ropes IPO using UPI as a payment gateway. Zerodha customers can apply in Bharat Wire Ropes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharat Wire Ropes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharat Wire Ropes IPO opens on Fri, Mar 18, 2016 and closes on Tue, Mar 22, 2016.
Bharat Wire Ropes IPO lot size is 300, and the minimum amount required for application is ₹13,500.
You can apply in Bharat Wire Ropes 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 Bharat Wire Ropes IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bharat Wire Ropes IPO allotment status.
The Bharat Wire Ropes IPO listing date is on Fri, Apr 1, 2016.
