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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 ₹28.00 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). The minimum lot size investment for 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 Date | June 30, 2020 to July 3, 2020 |
| Listing Date | July 13, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,56,000 shares (aggregating up to ₹10.52 Cr) |
| Reserved for Market Maker | 1,88,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.5264 Cr) |
| Net Offered to Public | 35,68,000 shares (aggregating up to ₹9.99 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,04,27,358 shares |
| Share Holding Post Issue | 1,41,83,358 shares |
Bonlon Industries IPO offers total 37,56,000 shares. Out of which 17,84,000 (47.50%) allocated to NII, 17,84,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,88,000 (5.01%) |
| NII (HNI) Shares Offered | 17,84,000 (47.50%) |
| Retail Shares Offered | 17,84,000 (47.50%) |
| Total Shares Offered | 37,56,000 (100.00%) |
Bonlon Industries IPO opens on June 30, 2020, and closes on July 3, 2020.
| IPO Open Date | Tue, Jun 30, 2020 |
| IPO Close Date | Fri, Jul 3, 2020 |
| Tentative Listing Date | Mon, Jul 13, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 3, 2020 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Dec-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 15,064.41 | 6,303.67 | 3,913.15 | 4,781.66 | |
| Total Revenue | 18,699.12 | 21,744.31 | 24,313.49 | 23,881.15 | |
| Profit After Tax | 1,387.55 | 282.32 | 27.78 | (122.53) | |
The market capitalization of Bonlon Industries IPO is ₹39.71 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 7.39 |
The Company Bonlon Industries 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 Requirements | 10.12 |
| 2 | Issue Expenses | 0.40 |
[Dilip Davda] BIL has shown inconsistency in its top and bottom lines. Super earnings for the first three-quarters of FY20 raises eyebrows and concern over sustainability for the same going forward. The company operates in a highly competitive business that is fragmented. Although issue price appears lucrative on prima facie basis, considering its inconsistent financial data, investors may give it a miss. Read detail review...
| Listing Date | July 13, 2020 |
| BSE Script Code | 543211 |
| NSE Symbol | |
| ISIN | INE0B9A01018 |
| Final Issue Price | ₹28 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹21.00 |
| Low | ₹21.00 |
| High | ₹21.50 |
| Last Trade | ₹21.50 |
Bonlon Industries Ltd.
7A/39 (12- First Floor),
WEA Channa Market,
Karol Bagh,
New Delhi, New Delhi, 110005
Phone: 011 47532792
Email: info@bonlonindustries.com
Website: http://bonlonindustries.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Bonlon Industries IPO is a SME IPO of 37,56,000 equity shares of the face value of ₹10 aggregating up to ₹10.52 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on June 30, 2020, and closes on July 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 June 30, 2020 and closes on July 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 Monday, July 13, 2020.
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