Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Thu, Jun 18, 2020 - Mon, Jun 22, 2020
Billwin Industries IPO is a fixed price issue of ₹2.46 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹2.46 crore.
Billwin Industries IPO bidding started from Jun 18, 2020 and ended on Jun 22, 2020. The shares got listed on BSE SME on Jun 30, 2020.
Billwin Industries IPO price is ₹37 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,22,000.
Gretex Corporate Services 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 Gretex Share Broking Pvt.Ltd..
Refer to Billwin Industries IPO RHP for detailed Information.
IPO Open
Thu, Jun 18, 2020
IPO Close
Mon, Jun 22, 2020
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹7.88 Cr
| IPO Date | 18 to 22 Jun, 2020 |
| Listed on | Tue, Jun 30, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 6,66,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 36,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.1332 Cr) |
| Fresh Issue (Ex Market Maker) | 6,30,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 6,30,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 14,64,724 shares |
| Share Holding Post Issue | 21,30,724 shares |
| BSE Script Code | 543209 |
| ISIN | INE0CRS01012 |
Billwin Industries IPO comprises a total issue size of 6,66,000 shares. The net offer to the public is 6,30,000 shares, after excluding 36,000 shares allotted on a firm basis. Of the Net offer 3,15,000 (50.00%) allocated to NII 3,15,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,15,000 | 50.00% | 47.30% |
| Retail Shares Offered | 3,15,000 | 50.00% | 47.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 36,000 | 5.41% | |
| Total Shares Offered | 6,66,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Mumbai based Billwin Industries Ltd is engaged in the manufacturing of protective gear which are life jackets, inflatable boats, and rainwear. The raw material for manufacturing protective gear (called Coated Fabric) is purchased by the company from domestic and international markets.
The product range of the company includes rainwear coat, rucksack, life jackets, winter jacket, inflatable boats dinghys, river raft boat, sleeping bags, facial mask, and pulsar jacket.
The manufacturing unit of the company is located at Bhandup West Mumbai Maharashtra with approximately 5190 sq. ft area. This facility is equipped with semi-automatic and automated equipment. The company sells products through tenders and distributors & retailers. The distribution channel of the company covers Maharashtra, Kerala, Gujrat, Chattisgarh, Tamilnadu, Assam, Haryana, and Trivandrum Tripura.
The company also sells products through e-commerce platforms such as Amazon, Flipkart, Shopcules Xerve, and Buy Hatke.
Competitive Strengths
1. Quality services
2. Semi-automated units
3. Diversified product portfolio
4. Existing distribution network
| 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 | Funding the working capital requirements of our Company | 1.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 264 | |
| Promoter Holding | 100% | 68.74% |
| Market Cap | ₹7.88 Cr. |
The Billwin Industries IPO is subscribed 1.37 times on June 22, 2020 6:05:00 PM (Day 2). The public issue subscribed 0.58 times in the retail category, [.] times in the QIB category, and 2.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.15 | 3,15,000 | 6,78,000 |
| Retail | 0.58 | 3,15,000 | 1,83,000 |
| Total | 1.37 | 6,30,000 | 8,61,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager Fees | 0.20 |
| 2 | Underwriting Fees, brokerage, selling commission and upload fees | 0.23 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Peer Review Auditor | 0.02 |
| 9 | Misc. Exp | 0.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹36.90 |
| Low | ₹36.90 |
| High | ₹38.20 |
| Last Trade | ₹37.10 |
Lead Manager Reports
Billwin Industries IPO is a SME IPO of 6,66,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Jun 18, 2020, and closes on Mon, Jun 22, 2020.
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 Billwin Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Billwin Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Billwin Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Billwin Industries IPO opens on Thu, Jun 18, 2020 and closes on Mon, Jun 22, 2020.
Billwin Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,11,000.
You can apply in Billwin Industries 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 Billwin Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Billwin Industries IPO allotment status.
The Billwin Industries IPO listing date is on Tue, Jun 30, 2020.
