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Benara Bearings IPO is a book built issue of Rs 33.49 crores.
Benara Bearings IPO bidding started from March 20, 2018 and ended on March 22, 2018. The shares got listed on BSE SME on April 3, 2018.
Benara Bearings IPO price band is set at ₹60 to ₹63 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Benara Bearings IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Benara Bearings IPO RHP for detailed information.
| IPO Date | March 20, 2018 to March 22, 2018 |
| Listing Date | April 3, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹63 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,316,000 shares (aggregating up to ₹33.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,391,288 |
| Share holding post issue | 17,707,288 |
| Market Maker portion | 272,000 shares |
Benara Bearings IPO offers 5,588,000 shares. 2,484,000 (44.45%) to NII, 2,484,000 (44.45%) to RII, 76,000 (1.36%) to employees.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 272,000 (4.87%) |
| NII (HNI) Shares Offered | 2,484,000 (44.45%) |
| Retail Shares Offered | 2,484,000 (44.45%) |
| Employee Shares Offered | 76,000 (1.36%) | Other Shares Offered | 272,000 (4.87%) |
| Total Shares Offered | 5,588,000 (100%) |
Investors can bid for a minimum of 2000 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 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
| Lot Size Calculator | |||
Incorporated in 1990, Benara Bearings & Pistons Ltd is an ISO 9001:2015 certified company engaged in the manufacturing of engine bearings, bushes, pistons, piston pin, piston rings, cylinder liners and sleeves and engine valves.
They are also in the business of marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, valve seals & batteries (Motorcycle / Inverter / E Rickshaws) under their own brand which they source through third party contract manufacturing. Company markets its product in OEM and Replacement market.
Company has two manufacturing facilities, which are situated at Sikandra, Agra ("Unit I") where they manufactures piston pin, piston ring and engine bearing and bushes and other one is at Artoni, Agra-Mathura Road Agra ("Unit II") where they manufactures piston, cylinder block / liner and engine valve. Company's products are well known in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Haryana, Gujarat, Delhi NCR and West Bengal.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 6119.03 | 5151.80 | 4383.58 | 5429.57 | 5195.08 | |
| Total Revenue | 10437.82 | 8024.05 | 7180.55 | 5188.33 | 4987.03 | |
| Profit After Tax | 455.38 | 75.68 | 45.96 | 2.87 | 22.77 | |
The object of the issue are to:
1. Expansion of the Company by way of opening retail stores for automobile parts across the country;
2. Funding the working capital requirements of the Subsidiary Company-Benara Solar Private Limited (BSPL);
3. Funding the working capital requirements of the Company;
4. General Corporate Purposes.
[Dilip Davda]
Company’s recent working raises eyebrows and is a major concern for future outlook. Although issue is priced reasonably on the basis of such superb profits, risk savvy cash surplus investors may consider investment at their own risk.
The Benara Bearings IPO is subscribed 1.91 times on March 22, 2018 2:00:00 PM. The public issue subscribed 2.77 times in the retail category, times in the QIB category, and 1.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.06 |
| Retail | 2.77 |
| Employee | 1.18 |
| Total | 1.91 |
| Listing Date | April 3, 2018 |
| BSE Script Code | 541178 |
| NSE Symbol | |
| ISIN | INE495Z01011 |
| Final Issue Price | ₹63 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹63.00 |
| ₹64.00 |
| ₹61.00 |
| ₹64.00 |
| ₹61.95 |
Benara Bearings & Pistons Ltd
A-3 & 4 Site B,
Industrial Area, Sikandra,
Agra - 282007
Phone: +91-562-2970158
Email: investorgrievance@benara-phb.com
Website: http://www.benara-phb.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Benara Bearings IPO is a SME IPO of 5,316,000 equity shares of the face value of ₹10 aggregating up to ₹33.49 Crores. The issue is priced at ₹60 to ₹63 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 20, 2018, and closes on March 22, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Benara Bearings IPO opens on March 20, 2018 and closes on March 22, 2018.
Benara Bearings IPO lot size is 2000 Shares, and the minimum amount required is ₹126,000.
You can apply in Benara Bearings 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 Benara Bearings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Benara Bearings IPO allotment status.
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Quantity traded: 840000
Benara Bearings and Pistons Ltd
64.00 0.00 (0.00%)
+1.00 (+1.59%)