Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Mon, Sep 28, 2015 - Wed, Sep 30, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 28, 2015
IPO Close
Wed, Sep 30, 2015
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹11.99 Cr
| IPO Date | 28 to 30 Sep, 2015 |
| Listed on | Thu, Oct 15, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,96,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 72,000 shares Hem Securities Ltd. (agg. up to ₹0.1800 Cr) |
| Fresh Issue (Ex Market Maker) | 12,24,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 12,24,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 35,00,000 shares |
| Share Holding Post Issue | 47,96,000 shares |
| BSE Script Code | 539398 |
| ISIN | INE060T01024 |
Vishal Bearings IPO comprises a total issue size of 12,96,000 shares. The net offer to the public is 12,24,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,12,000 (50.00%) allocated to NII 6,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,12,000 | 50.00% | 47.22% |
| Retail Shares Offered | 6,12,000 | 50.00% | 47.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.56% | |
| Total Shares Offered | 12,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| 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 | To Meet Working Capital Requirement | 2.86 |
| 2 | Public Issue Expenses | 0.38 |
| KPI | |
|---|---|
| RoNW | 38.69% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 82.53% | 60.22% |
| Market Cap | ₹11.99 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 | Fees payable to Merchant banker, Registrar fees, Legal fees, Misc Expenditure | 0.29 |
| 2 | Brokerage and selling commission, etc | 0.03 |
| 3 | Printing and stationery expense | 0.02 |
| 4 | Statutory Expenses | 0.03 |
| 5 | Advertising and Marketing expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹26.00 |
| Low | ₹26.00 |
| High | ₹27.30 |
| Last Trade | ₹27.30 |
Lead Manager Reports
Vishal Bearings IPO is a SME IPO of 12,96,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Sep 28, 2015, and closes on Wed, Sep 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 Mon, Sep 28, 2015 and closes on Wed, Sep 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 Thu, Oct 15, 2015.
