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Bindal Exports IPO is a fixed price issue of ₹2.00 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹2.00 crore.
Bindal Exports IPO bidding started from Sep 30, 2016 and ended on Oct 6, 2016. The shares got listed on BSE SME on Oct 17, 2016.
Bindal Exports IPO price is ₹16.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,56,000.
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 Bindal Exports IPO RHP for detailed Information.
| IPO Date | September 30, 2016 to October 6, 2016 |
| Listing Date | October 17, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹16 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,48,000 shares (aggregating up to ₹2.00 Cr) |
| Reserved for Market Maker | 64,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.1024 Cr) |
| Net Offered to Public | 11,84,000 shares (aggregating up to ₹1.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 33,52,400 shares |
| Share Holding Post Issue | 46,00,400 shares |
Bindal Exports IPO offers total 12,48,000 shares. Out of which 5,92,000 (47.44%) allocated to NII, 5,92,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 64,000 (5.13%) |
| NII (HNI) Shares Offered | 5,92,000 (47.44%) |
| Retail Shares Offered | 5,92,000 (47.44%) |
| Total Shares Offered | 12,48,000 (100.00%) |
Bindal Exports IPO opens on September 30, 2016, and closes on October 6, 2016.
| IPO Open Date | Fri, Sep 30, 2016 |
| IPO Close Date | Thu, Oct 6, 2016 |
| Tentative Listing Date | Mon, Oct 17, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 6, 2016 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,28,000 |
| Retail (Max) | 1 | 8,000 | ₹1,28,000 |
| HNI (Min) | 2 | 16,000 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1997, Bindal Exports Ltd is a Surat, Gujarat-based company involved in supplying fabrics, trading grey cloth and finished fabrics and job work of fabrics. The products the company produces include dyed and printed fabrics of polyester, cotton and viscose base; Indian ethnic wear like saree and salwar-kurta-dupatta, embellished stoles and Scarves and flags.
Company has sticking and cutting facility with requisite types of machinery and facilities at Surat. The products produce cater to both domestic and international markets.
Competitive Strengths:
1. Experienced Management Team
2. Quality Assurance
3. A co-relation with its group company
4. Established Marketing Setup
5. Locational Advantage
6. Scalable Business Model
| KPI | Values |
|---|---|
| RoNW | 0.94% |
The Company Bindal Exports 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 | Working Capital Requirement | 1.25 |
| 2 | General corporate purposes | 0.35 |
[Dilip Davda] Considering high pricing of the issue, Investors may ignore it. Read detail review...
| Listing Date | October 17, 2016 |
| BSE Script Code | 540148 |
| NSE Symbol | |
| ISIN | INE564V01013 |
| Final Issue Price | ₹16 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹17.00 |
| Low | ₹16.20 |
| High | ₹17.00 |
| Last Trade | ₹16.20 |
Bindal Exports Ltd.
Bindal House, Kumbharia,
Surat Kadodara Road,
Surat 394210, Gujarat, India
Surat, Gujarat
Phone: +91-261-2640700
Website: http://www.bindalexports.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Bindal Exports IPO is a SME IPO of 12,48,000 equity shares of the face value of ₹10 aggregating up to ₹2.00 Crores. The issue is priced at ₹16 per share. The minimum order quantity is 8000.
The IPO opens on September 30, 2016, and closes on October 6, 2016.
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 Bindal Exports IPO using UPI as a payment gateway. Zerodha customers can apply in Bindal Exports IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bindal Exports IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bindal Exports IPO opens on September 30, 2016 and closes on October 6, 2016.
Bindal Exports IPO lot size is 8000, and the minimum amount required for application is ₹1,28,000.
You can apply in Bindal Exports 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 Bindal Exports IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bindal Exports IPO allotment status.
The Bindal Exports IPO listing date is on Monday, October 17, 2016.
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