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Bedmutha IPO is a book built issue of Rs 91.80 crores.
Bedmutha IPO bidding started from September 28, 2010 and ended on October 1, 2010. The shares got listed on BSE, NSE on October 14, 2010.
Bedmutha IPO price band is set at ₹95 to ₹102 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹6,630.
Ashika Capital Ltd and Keynote Financial Services Ltd are the book running lead managers of the Bedmutha IPO, while Mondkar Computers Private Limited is the registrar for the issue.
Refer to Bedmutha IPO RHP for detailed information.
| IPO Date | September 28, 2010 to October 1, 2010 |
| Listing Date | October 14, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹102 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 9,000,000 shares (aggregating up to ₹91.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 12,027,400 |
| Share holding post issue | 21,027,400 |
Bedmutha IPO offers 9,000,000 shares. 4,500,000 (50.00%) to QIB, 1,350,000 (15.00%) to NII, 3,150,000 (35.00%) to RII. 48,461 RIIs will receive minimum 65 shares and (sNII) and (bNII) will receive minimum 2,015 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 4,500,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,350,000 (15.00%) | |
| Retail Shares Offered | 3,150,000 (35.00%) | 48,461 |
| Total Shares Offered | 9,000,000 (100%) |
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹6,630 |
| Retail (Max) | 30 | 1950 | ₹198,900 |
| Lot Size Calculator | |||
The Promoters of the company are:
1. Mr. Kachardas Ratanchand Bedmutha
2. Mr. Ajay Kachardas Vedmutha
3. Mr. Vijay Kachardas Vedmutha
4. Mrs. Usha Vijay Vedmutha
5. Bedmutha Sons Realty Ventures Private Limited
| Share Holding Pre Issue | 99.07% |
| Share Holding Post Issue | 56.67% |
Bedmutha Industries Ltd is one of the leading steel wire manufacturers in western India located in Nashik. Bedmutha operate four manufacturing units in and around Nashik and they are strategically located in proximity to the source of raw materials and markets ensuring cost savings and logistic benefits.
Company has wide range of wire and wire products - Galvanized wires, Cable Armour Wires, ACSR Wires, Wire Nails, Earth Wires, Stay Wires, Spring Steel Wires, Barbed Wires, etc. Products are used in various areas such as roads, bridges, flyovers, power, automobile, engineering, agriculture, railways and defence. Their products are approved by Bureau of Indian Standards, Power Grid Corporation and State Electricity Boards.
Bedmutha have promoted Kamalasha Infrastructure & Engineering Private Limited (KIEPL) which is their subsidiary, for implementation of turnkey contracts for infrastructure namely in power, roads, railways etc.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Oct-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 9,746.52 | 15,166.11 | 11,563.53 | 7,115.99 | 5,292.48 |
| Profit After Tax (PAT) | 856.03 | 702.93 | 392.45 | (25.13) | 23.61 |
| KPI | Values |
|---|---|
| RoNW | 37.96% |
The object of the Issue is to finance:
1. Setting up of new plant at Sinnar, Nashik for manufacturing of new product Low Relaxation Pre-Stress Concrete (LRPC) Wire and Spring Steel Wire;
2. General Corporate Purposes;
3. Issue Expenses.
The Bedmutha IPO is subscribed 7.69 times on October 1, 2010 6:30:00 PM. The public issue subscribed 8.51 times in the retail category, 0.67 times in the QIB category, and 29.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.67 |
| NII | 29.19 |
| Retail | 8.51 |
| Total | 7.69 |
ICRA has assigned an IPO Grade 2 to Bedmutha Industries Limited IPO. This means as per ICRA company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for Bedmutha Industries Limited.
Bedmutha Industries IPO, Bedmutha IPO, Bedmutha IPO Bidding, Bedmutha IPO Allotment Status, Bedmutha drhp and Bedmutha Industries Limited IPO listing.
| Listing Date | October 14, 2010 |
| BSE Script Code | 533270 |
| NSE Symbol | BEDMUTHA |
| ISIN | INE844K01012 |
| Final Issue Price | ₹102 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹102.00 |
| ₹114.40 |
| ₹98.00 |
| ₹205.00 |
| ₹180.80 |
| NSE |
|---|
| ₹102.00 |
| ₹113.50 |
| ₹98.00 |
| ₹204.00 |
| ₹179.15 |
Bedmutha Industries Ltd
Bedmutha Industries Ltd,
A-32, STICE,
Sinnar, Nashik-422 103, Maharashtra, India
Phone: 91-2551240481/240631
Email: ipo@bedmutha.com
Website: http://www.bedmutha.com
Mondkar Computers Private Limited
Phone: 022 - 2836 6620 / 2825 7641
Email: bedmutha_ipo@mondkarcomputers.com
Website: https://www.unisec.in/
Bedmutha IPO is a main-board IPO of 9,000,000 equity shares of the face value of ₹10 aggregating up to ₹91.80 Crores. The issue is priced at ₹95 to ₹102 per share. The minimum order quantity is 65 Shares.
The IPO opens on September 28, 2010, and closes on October 1, 2010.
Mondkar Computers Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Bedmutha IPO opens on September 28, 2010 and closes on October 1, 2010.
Bedmutha IPO lot size is 65 Shares, and the minimum amount required is ₹6,630.
You can apply in Bedmutha IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bedmutha IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bedmutha IPO allotment status.
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