ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Eureka Conveyor Beltings IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |

IPO Details
Messages
News
Eureka Conveyor Beltings IPO Logo

Eureka Conveyor Beltings Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on September 2, 2024 to raise funds through Initial Public Offer (IPO).

Eureka Conveyor Beltings Ltd. IPO is a Book Build Issue

The equity shares are proposed to be listed on the BSE SME. Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Eureka Conveyor Beltings IPO DRHP for more details.

IPO Details

IPO Date[.]
Listing Date[.]
Face Value₹10 per share
Price Band
Lot Size
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE SME

IPO DRHP Status

DescriptionDate
Filed with SEBI/ExchangeMon, Sep 2, 2024

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII Shares OfferedNot less than 15% of the Net Issue

About Eureka Conveyor Beltings Ltd.

Incorporated in 1993, Eureka Conveyor Beltings Limited, also known by its trade name Eurekon, is a manufacturer and exporter of conveyor rubber belts and industrial solutions.

The company delivers high-quality products across various industries, including cement, steel, coal handling, fertilizers, and iron ore mining.

The company's manufacturing facilities are equipped with advanced technology, ensuring compliance with global standards such as IS, DIN, CSA, BS, JIS, AS, NF, and EMR.

The company has two advanced manufacturing units in Kota, Rajasthan. Unit 1, established in 2005, and Unit 2, launched in 2023, together produce up to 70,000 meters of conveyor belts monthly.

Product Offerings:

  • Textile Conveyor Belts:Textile conveyor belts offer strong, flexible industrial material handling.
  • Pipe Conveyor Beltings: Europipe belts prevent spillage, curve easily, and save costs.
  • Special Purpose Conveyor Belts: Special purpose belts handle diverse materials in industrial applications efficiently.
  • Material Handling Accessories: The company offers accessories used in material handling installation/requirements such as Rubber Impact Pads, Lagging sheets and Conveyor Belt Repair Accessorie.

As on July 31, 2024, the company has 108 employees on payroll.

Competitive Strengths:

  • Quality Assurance and Quality Control of our Products
  • Cost effective production and timely fulfilment of orders
  • Scalable Business Model
  • Customer satisfaction and revenues from long standing customer relationships
  • Leveraging the experience of the Promoter

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets83.8264.3451.60
Total Income140.9996.4083.34
Profit After Tax12.428.537.01
NET Worth43.2030.7722.24
Reserves and Surplus42.6030.1721.64
Total Borrowing23.5420.1717.42
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding capital expenditure requirement of the company 30.00
2 Funding Working Capital Requirement of the Company 9.00
3 General Corporate Expenses

Key Performance Indicator (KPI)

KPIMar 31, 2024
Debt/Equity0.54
RoNW28.76%
PAT Margin8.84%
Pre IPOPost IPO
Promoter Holding100%
Mr. Raj Kumar Khubchandani, Mr. Bharat Kumar Khubchandani, Mr. Sumit Khubchandani, Mr. Nitin Khubchandani, Mr. Puneet Khubchandani, and Mrs. Bhakti Khubchandani are the promoters of the company.

IPO Registrar

Kfin Technologies Ltd.

Contact Details

Eureka Conveyor Beltings Ltd. Address
F-53,
Chambal Industrial Area,
Industrial Estate,
Kota, Rajasthan, 324003
Open an Instant Account with Zerodha

IPO FAQs

Eureka Conveyor Beltings IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Eureka Conveyor Beltings IPO open and close dates are not available as of now.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Eureka Conveyor Beltings IPO using UPI as a payment gateway. Zerodha customers can apply in Eureka Conveyor Beltings IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Eureka Conveyor Beltings IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Eureka Conveyor Beltings IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Eureka Conveyor Beltings IPO dates are not announced. Please check back again after some time.

Eureka Conveyor Beltings IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Eureka Conveyor Beltings 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 Eureka Conveyor Beltings IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Eureka Conveyor Beltings IPO allotment status.

The Eureka Conveyor Beltings IPO listing date is not yet announced. The tentative date of listing is .

Quick Links

Compare: