Benara Bearings & Pistons Ltd IPO

Add to Calendar 2018-03-20 12:00 AM 2018-03-22 12:00 AM Asia/Kolkata Benara Bearings & Pistons Ltd IPO Benara Bearings & Pistons Ltd India

Benara Bearings & Pistons Limited is an ISO 9001:2015 certified company and is engaged in the manufacturing of bearing related products. The company employs around 317 personnel.

Date of establishment: Benara Bearings & Pistons was established in 1990.  

Product & Service Offering: Benara Bearings & Pistons manufactures engine bearings, pistons, bushes, piston rings, piston pin, sleeves, cylinder liners and engine valves.

Promoters of Benara Bearings & Pistons Ltd.: The promoters of the firm are Mr. Panna Lal Jain and Mr. Vivek Benara.

Customer segment: The company offers its products to clients in OEM and replacement market.

Objects of the Issue: The objects of the issue are:
-      Working capital requirements for the company as well as its subsidiary – BSPL
-      Opening of retail stores
-      General corporate purposes


Company Financial


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Issue Detail

  • Issue Open: Mar 20, 2018
  • Issue Close: Mar 22, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 60 - Rs 63 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 33.49 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 2,484,000 2,484,000 76,000 272,000 5,316,000
Day 1 - Mar 20, 2018IST 0 476,000 2,368,000 24,000 - 2,868,000
Day 2 - Mar 21, 2018IST 0 784,000 2,982,000 50,000 - 3,816,000
Day 3 - Mar 22, 2018IST 12,000 2,632,000 6,884,000 90,000 - 9,618,000

Listing Day Trading Information

Issue Price Rs 63.00 -
Open Rs 64.00 -
Low Rs 61.00 -
High Rs 64.00 -
Last Trade Rs 61.95 -
Volume 2,860,000 -

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