Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Fri, Sep 30, 2016 - Thu, Oct 6, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 30, 2016
IPO Close
Thu, Oct 6, 2016
Issue Price
₹16 per share
Market Cap (Pre-IPO)
₹7.36 Cr
| IPO Date | 30 Sep to 6 Oct, 2016 |
| Listed on | Mon, Oct 17, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹16 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,48,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 64,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.1024 Cr) |
| Fresh Issue (Ex Market Maker) | 11,84,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 11,84,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 33,52,400 shares |
| Share Holding Post Issue | 46,00,400 shares |
| BSE Script Code | 540148 |
| ISIN | INE564V01013 |
Bindal Exports IPO comprises a total issue size of 12,48,000 shares. The net offer to the public is 11,84,000 shares, after excluding 64,000 shares allotted on a firm basis. Of the Net offer 5,92,000 (50.00%) allocated to NII 5,92,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,92,000 | 50.00% | 47.44% |
| Retail Shares Offered | 5,92,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 64,000 | 5.13% | |
| Total Shares Offered | 12,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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
| 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 | Working Capital Requirement | 1.25 |
| 2 | General corporate purposes | 0.35 |
| KPI | |
|---|---|
| RoNW | 0.94% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 72.87% |
| Market Cap | ₹7.36 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹17.00 |
| Low | ₹16.20 |
| High | ₹17.00 |
| Last Trade | ₹16.20 |
Lead Manager Reports
Bindal Exports IPO is a SME IPO of 12,48,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹16 per share. The minimum order quantity is 8000.
The IPO opens on Fri, Sep 30, 2016, and closes on Thu, Oct 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 Fri, Sep 30, 2016 and closes on Thu, Oct 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 Mon, Oct 17, 2016.
