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Bonlon Industries IPO is a fixed price issue of Rs 10.52 crores.
Bonlon Industries IPO bidding started from June 30, 2020 and ended on July 3, 2020. The shares got listed on BSE SME on July 13, 2020.
Bonlon Industries IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Bonlon Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Bonlon Industries IPO RHP for detailed information.
IPO Date | June 30, 2020 to July 3, 2020 |
Listing Date | July 13, 2020 |
Face Value | ₹10 per share |
Price | ₹28 per share |
Lot Size | 4000 Shares |
Total Issue Size | 3,756,000 shares (aggregating up to ₹10.52 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 10,427,358 |
Share holding post issue | 14,183,358 |
Market Maker portion | 188,000 shares |
Bonlon Industries IPO offers 3,756,000 shares. 1,784,000 (47.50%) to NII, 1,784,000 (47.50%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 188,000 (5.01%) |
Other Shares Offered | 1,784,000 (47.50%) |
Retail Shares Offered | 1,784,000 (47.50%) |
Total Shares Offered | 3,756,000 (100%) |
Investors can bid for a minimum of 4000 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 | 4000 | ₹112,000 |
Retail (Max) | 1 | 4000 | ₹112,000 |
Lot Size Calculator |
Mr. Arun Kumar Jain is the promoter of the company.
Share Holding Pre Issue | 98.92% |
Share Holding Post Issue | 72.44% |
Incorporated in 1997, Delhi-based Bonlon Industries Ltd is engaged in manufacturing, trading, and marketing of copper rods and bars. They manufacture products for various industries including electrical, construction, transport, and automobile.
The company manufactures products in different specifications and sizes as per the client's requirement. With the amalgamation with three companies of the Bonlon group, the area of operations of Bonlon Industries is extended in the manufacturing of metal, hotel business, and civil construction.
The manufacturing unit of Bonlon Industries is located at Plot No. G-1-663, RIICO Industrial Area, Bhiwadi, Alwar- 301019, Rajasthan. The hotel of the company is the 'Hotel Bonlon Inn' located in Karol Bagh.
Competitive Strengths
1. Focus on quality product and services
2. Presence at the prime location
3. Online presence for hotel booking
Particulars | For the year/period ended (Rs in Lakh) | ||||
---|---|---|---|---|---|
31-Dec-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
Total Assets | 15,064.41 | 6,303.67 | 3,913.15 | 4,781.66 | |
Total Revenue | 18,699.12 | 21,744.31 | 24,313.49 | 23,881.15 | |
Profit After Tax | 1,387.55 | 282.32 | 27.78 | (122.53) |
The market capitalization of Bonlon Industries IPO is Rs 39.71 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 7.39 |
The objects of the Issue are:
1. To meet the working capital requirements of the Company;
2. To meet Issue Expenses;
[Dilip Davda] BIL has shown inconsistency in its top and bottom lines. Super earnings for the first three-quarters of FY20 raises eyebrows and concern over sustainability for the same going forward. The company operates in a highly competitive business that is fragmented. Although issue price appears lucrative on prima facie basis, considering its inconsistent financial data, investors may give it a miss. Read detail review...
The Bonlon Industries IPO is subscribed 1.36 times on July 3, 2020 6:49:04 PM. The public issue subscribed 0.21 times in the retail category, times in the QIB category, and 2.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 2.51 |
Retail | 0.21 |
Total | 1.36 |
Listing Date | July 13, 2020 |
BSE Script Code | 543211 |
NSE Symbol | |
ISIN | INE0B9A01018 |
Final Issue Price | ₹28 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹28.00 |
₹21.00 |
₹21.00 |
₹21.50 |
₹21.50 |
Bonlon Industries Ltd
7A/39 (12- First Floor),
WEA Channa Market,
Karol Bagh, New Delhi- 110005
Phone: 011 47532792
Email: info@bonlonindustries.com
Website: http://bonlonindustries.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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Bonlon Industries IPO is a SME IPO of 3,756,000 equity shares of the face value of ₹10 aggregating up to ₹10.52 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.
The IPO opens on June 30, 2020, and closes on July 3, 2020.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bonlon Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Bonlon Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bonlon Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bonlon Industries IPO opens on June 30, 2020 and closes on July 3, 2020.
Bonlon Industries IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.
You can apply in Bonlon Industries 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 Bonlon Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bonlon Industries IPO allotment status.
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