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Vishal Bearings IPO is a fixed price issue of ₹3.24 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹3.24 crore.
Vishal Bearings IPO bidding started from Sep 28, 2015 and ended on Sep 30, 2015. The shares got listed on BSE SME on Oct 15, 2015.
Vishal Bearings IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Hem Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Vishal Bearings IPO RHP for detailed Information.
| IPO Date | September 28, 2015 to September 30, 2015 |
| Listing Date | October 15, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,96,000 shares (aggregating up to ₹3.24 Cr) |
| Reserved for Market Maker | 72,000 shares Hem Securities Ltd. (aggregating up to ₹0.1800 Cr) |
| Net Offered to Public | 12,24,000 shares (aggregating up to ₹3.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,00,000 shares |
| Share Holding Post Issue | 47,96,000 shares |
Vishal Bearings IPO offers total 12,96,000 shares. Out of which 6,12,000 (47.22%) allocated to NII, 6,12,000 (47.22%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.56%) |
| NII (HNI) Shares Offered | 6,12,000 (47.22%) |
| Retail Shares Offered | 6,12,000 (47.22%) |
| Total Shares Offered | 12,96,000 (100.00%) |
Vishal Bearings IPO opens on September 28, 2015, and closes on September 30, 2015.
| IPO Open Date | Mon, Sep 28, 2015 |
| IPO Close Date | Wed, Sep 30, 2015 |
| Tentative Listing Date | Thu, Oct 15, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 30, 2015 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1992, Vishal Bearings Ltd is Rajkot, Gujarat based manufacturer of bearing rollers. Company manufacture taper bearing rollers, cylindrical bearing rollers, spherical bearing rollers and supply it to reputed bearing manufacturer and OEM across India. Vishal Bearings also exports bearing rollers.
Entire process of manufacturing bearing rollers is done in-house which ensures quality product and timely delivery. Vishal Bearings is certified as ISO 9001:2008 & ISO/TS 16949:2002.
| KPI | Values |
|---|---|
| RoNW | 38.69% |
The Company Vishal Bearings 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 | To Meet Working Capital Requirement | 2.86 |
| 2 | Public Issue Expenses | 0.38 |
[Dilip Davda] <p><strong>Well informed and fund surplus investors may park investment for long term.</strong></p> Read detail review...
| Listing Date | October 15, 2015 |
| BSE Script Code | 539398 |
| NSE Symbol | |
| ISIN | INE060T01024 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹26.00 |
| Low | ₹26.00 |
| High | ₹27.30 |
| Last Trade | ₹27.30 |
Vishal Bearings Ltd.
Survey No 22/1, Plot No 1,
Shapar Main Road,
Shapar (Veraval),
Rajkot, Gujarat, 360002
Phone: 02827 - 252273, 252414
Email: compliance@vishalbearings.com
Website: http://www.vishalbearings.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vishalbearings.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Vishal Bearings IPO is a SME IPO of 12,96,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on September 28, 2015, and closes on September 30, 2015.
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 Vishal Bearings IPO using UPI as a payment gateway. Zerodha customers can apply in Vishal Bearings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishal Bearings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishal Bearings IPO opens on September 28, 2015 and closes on September 30, 2015.
Vishal Bearings IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Vishal Bearings 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 Vishal Bearings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vishal Bearings IPO allotment status.
The Vishal Bearings IPO listing date is on Thursday, October 15, 2015.
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