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

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

 

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

- BSE NSE
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 -

Benara Bearings & Pistons Ltd Red Herring Prospectus

Benara Bearings & Pistons Ltd User Rating

Votes
0

Benara Bearings & Pistons Ltd Life IPO Reviews

Benara Bearings & Pistons Ltd IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us