Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Tue, Jun 30, 2020 - Fri, Jul 3, 2020
Bonlon Industries IPO is a fixed price issue of ₹10.52 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹10.52 crore.
Bonlon Industries IPO bidding started from Jun 30, 2020 and ended on Jul 3, 2020. The shares got listed on BSE SME on Jul 13, 2020.
Bonlon Industries IPO price is ₹28 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Sarthi 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 Choice Equity Broking Pvt.Ltd..
Refer to Bonlon Industries IPO RHP for detailed Information.
IPO Open
Tue, Jun 30, 2020
IPO Close
Fri, Jul 3, 2020
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹39.71 Cr
| IPO Date | 30 Jun to 3 Jul, 2020 |
| Listed on | Mon, Jul 13, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,56,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,88,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.5264 Cr) |
| Fresh Issue (Ex Market Maker) | 35,68,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 35,68,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 1,04,27,358 shares |
| Share Holding Post Issue | 1,41,83,358 shares |
| BSE Script Code | 543211 BONLON |
| ISIN | INE0B9A01018 |
Bonlon Industries IPO comprises a total issue size of 37,56,000 shares. The net offer to the public is 35,68,000 shares, after excluding 1,88,000 shares allotted on a firm basis. Of the Net offer 17,84,000 (50.00%) allocated to NII 17,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,84,000 | 50.00% | 47.50% |
| Retail Shares Offered | 17,84,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,88,000 | 5.01% | |
| Total Shares Offered | 37,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
Incorporated in 1997, Delhi-based Bonlon Industries Ltd is engaged in manufacturing, trading, and marketing of copper rods and bars. They manufacture products for various industries including electrical, construction, transport, and automobile.
The company manufactures products in different specifications and sizes as per the client's requirement. With the amalgamation with three companies of the Bonlon group, the area of operations of Bonlon Industries is extended in the manufacturing of metal, hotel business, and civil construction.
The manufacturing unit of Bonlon Industries is located at Plot No. G-1-663, RIICO Industrial Area, Bhiwadi, Alwar- 301019, Rajasthan. The hotel of the company is the 'Hotel Bonlon Inn' located in Karol Bagh.
Competitive Strengths
1. Focus on quality product and services
2. Presence at the prime location
3. Online presence for hotel booking
| 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 Requirements | 10.12 |
| 2 | Issue Expenses | 0.40 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 7.39 | |
| Promoter Holding | 98.92% | 72.44% |
| Market Cap | ₹39.71 Cr. |
The Bonlon Industries IPO is subscribed 1.36 times on July 3, 2020 6:49:04 PM (Day 4). The public issue subscribed 0.21 times in the retail category, [.] times in the QIB category, and 2.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.51 | 17,84,000 | 44,80,000 |
| Retail | 0.21 | 17,84,000 | 3,76,000 |
| Total | 1.36 | 35,68,000 | 48,56,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.30 |
| 2 | Regulatory fee | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹21.00 |
| Low | ₹21.00 |
| High | ₹21.50 |
| Last Trade | ₹21.50 |
Lead Manager Reports
Bonlon Industries IPO is a SME IPO of 37,56,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Jun 30, 2020, and closes on Fri, Jul 3, 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 Bonlon Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Bonlon Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bonlon Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bonlon Industries IPO opens on Tue, Jun 30, 2020 and closes on Fri, Jul 3, 2020.
Bonlon Industries IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Bonlon 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 Bonlon Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bonlon Industries IPO allotment status.
The Bonlon Industries IPO listing date is on Mon, Jul 13, 2020.
