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BCB Finance Ltd IPO (BCB Finance IPO) Detail

Feb 23, 2012 - Feb 27, 2012        
  
   

Incorporated in 2005, BCB Finance Ltd is engaged in the business of advancing loans and investing/trading in securities. BCB Finance provides its shareholders to participate in a diverse portfolio of investments and gain access to a defined investment process and the investment experience of the management team.

Company operate as a Non Deposit taking Non-systemically Important Non Banking Finance Company. BCB Finance offer a variety of products and services which includes:

1. Loan against securities where in customers seeking for loan can pledge the share that they hold in dematerialized or physical form against the loan taken. Once the loan is repaid, the pledged securities are released.
2. IPO funding to investors who wish to apply / subscribe in an IPO by granting them loan against shares they to be allotted to them in the IPO.
3. Unsecured loans/ bridge loans to various clients.

Please Note: This Issue is being made in terms of Regulation 106(M)(2) of Chapter XB of SEBI (ICDR) Regulations, 2009, as amended from time to time, whereby, an issuer whose post issue paid up capital is more than 10 crores and upto 25 crores, may issue shares to the public and propose to list the same on the Small and Medium Enterprise Exchange (“SME Exchange”, in this case being the SME Platform of BSE).

BCB Finance Ltd is the first IPO on BSE SME Exchange.

Company Promoters:

Mr. Bharat Bagri & Mr. Uttam Bagri are the Promoters of the Company.

Objects of the Issue:

The Objects of the Issue are:

1. To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities;
2. To Meet the Issue Expenses;
3. To Meet General Corporate Expenses.

Issue Detail:

  »»  Issue Open: Feb 23, 2012 - Feb 27, 2012
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,540,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 8.85 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 25 Per Equity Share
  »»  Market Lot: 4000 Shares
  »»  Minimum Order Quantity: 4000 Shares
  »»  Listing At: BSE SME

Download DRHP of BCB Finance Ltd

BCB Finance IPO News Alerts

  1. Tuesday, February 21, 2012 2:49:03 AM
    Upcoming IPO - BCB Finance Ltd

BCB Finance IPO Rating

   Rating: 3.3
105
3.3
Rating:Rated 3.3 stars

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BCB Finance IPO Listing Date

Listing Date:Tuesday, March 13, 2012
BSE Scrip Code:534109
NSE Symbol:
Listing In:'MT' Group of Securities
Sector:Finance (including NBFCs)
ISIN:INE883L01018
Issue Price:Rs. 25.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE SME
Issue Price:Rs. 25.00
Open:Rs. 27.00
Low:Rs. 25.70
High:Rs. 27.00
Last Trade:Rs. 25.70
Volume:276,000

BCB Finance IPO Prospectus

Company Contact Information

Registered Office :
    1204, P. J Towers,
    Dalal Street,
    Mumbai - 400001, Maharashtra
Phone: 91-22-22722414
Fax: 91-22-22722414
Email: manish@bcbfinance.com
Website: http://www.bcbfinance.com

BCB Finance IPO Registrar

Purva Sharegistry India Pvt Ltd   »  Report
   9, Shiv Shakti Industrial Estate,
   JR Borica Marg,
   Lower Parel (East), Mumbai – 400 011

Phone: +91-022-23018261/ 23016761
Fax: +91-022-23012517
Email: busicomp@vsnl.com
Website: http://www.purvashare.com

BCB Finance IPO Lead Manager(s)


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BCB Finance IPO Messages (BCB Finance IPO Comments)

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28. IPO LOOSER  Sep 28, 2012 3:28:26 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPO LOOSER's - IPO Comments

Vaswani Industries Ltd IPO
anyone who has applied this ipo and sold application ??
till date this has been not settlled ?
any one''s settelled..
Broker is saying that noone''s application sold has been settlled..

 

28.1. Ipofinder  Sep 30, 2012 9:23:26 PM IST |  I Like It.  Like  |  Report Abuse
Ipofinder's - IPO Comments

yes all settlements have been done..you broker is doing cheating wid you

 

27. crisil crisil  Mar 5, 2012 3:51:01 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
crisil crisil's - IPO Comments

BCB Finance Ltd fully subsections numbers of time 1.50 Dhamaka in Listing on sme Platform

 

26. harishkumar  Mar 1, 2012 5:29:38 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
harishkumar's - IPO Comments

HOLDING OF RAILWAY BOND UPTO 10/4, WILL GIVE YOU INTEREST+VERY GOOD APPRECIATION. DUE TO HEAVY FLOATING STOCK OF BONDS, WE ARE NOT GETTING GOOD PREMIUM. SLOWLY MARKET IS ABSORBING THE STOCK AND THE PRICES ARE GOING ON. NHAI+PFC IS THE EXAMPLE.

 

25. SONMAYA  Mar 1, 2012 2:42:15 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SONMAYA's - IPO Comments

ONGC HAS GOT JUST ONLY 1 CRORE SHARE BID AS AGAINST 43 CRORE SHARES OFFERED .CLOSING TIME IS 3/30. P.M.MAY BE FLOP SHOW

 

24. sbb  Mar 1, 2012 2:04:15 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments

rec tax free bond interest declare
10 years 7.85%
15 years 8.15%

 

23. bangalore king  Feb 29, 2012 11:34:09 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
bangalore king's - IPO Comments

State-owned National Buildings Construction Corporation (NBCC) plans to come out with an initial public offer (IPO) by March-end this year, Chairman and Managing Director Vishnu P Das said on Wednesday.

This will follow five per cent stake sale of ONGC through an auction, which is slated to open tomorrow. The government is planning to offload 10 per cent of its stake through the issue.
NBCC is planning to raise around Rs 200 to Rs 250 crore through the share sale, according to reports. The company has filed a draft red herring prospectus (DRHP) on February 9 but is yet to get the approval from markets regulator Securities and Exchange Board of India (Sebi).

The issue will give a discount of five per cent for retail investors .

“We are planning to come out with the IPO in the current financial year,” said Das. When asked about the timing of the issue, he said: “Book running lead managers and government have decided that we come out with the offer now.”

The company which is into project management consultancy for government’s construction projects and real estate projects has a order book of Rs 10,622 crore.

“We have delivered profits constanly for four to five years, our networth has improved over the years and we have delivered projects within schedule,” Das said about the company’s track record.

The company which has land parcels in Patna, Kochi and Gurgaon among others plans to launch the projects for sale in the coming months.

IDBI Capital Markets and Enam Securities are the bankers to the issue

 

22. vsp share  Feb 29, 2012 11:41:42 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
vsp share's - IPO Comments

how many times bcb finance ltd. ipo has been subscribe?

 

21. sbb  Feb 29, 2012 10:03:55 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments

nse notice of listing irfc
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Page 1 of 3
NATIONAL STOCK EXCHANGE OF INDIA LIMITED
DEPARTMENT : LISTING
Download Ref.No.: NSE/CML/20143 Date : February 28, 2012
Circular Ref.No.: 167/2012
To All Members
Sub : Listing of Series 1 and Series 2 Tax Free Secured Redeemable Non Convertible
Bonds of Indian Railway Finance Corporation Limited.
In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading
Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on
the National Stock Exchange (Capital Market segment) with effect from March 02, 2012 and the
designated security codes thereof shall be as specified in Annexure.
In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading
Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above
shall be as specified in Annexure.
For the purpose of trading on the system, the security shall be identified only by its designated
codes and trading in such securities shall be in such lot sizes as specified in Annexure.
This circular shall be effective from March 02, 2012.
For and on behalf of
National Stock Exchange of India Limited
Hari K
Vice President
Telephone No Fax No Email id
+91-22-26598235/36,
26598346
+91-22-26598237/38 Email
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Page 2 of 3
Indian Railway Finance Corporation Limited
Symbol IRFC
Name of the
Company
Indian Railway Finance Corporation Limited
Face value of
NCDs (Rs.
/NCD)
Rs. 1000/-
Paid up value
(Rs.)
Rs. 1000/-
Issue Price
(Rs. / NCD)
Rs. 1000/-
Series N1 N2
ISIN INE053F07520 INE053F07538
Security
Description
Tax Free Secured Redeemable
Non-Convertible Bonds- Series 1:
8.00% Per Annum.
Tax Free Secured Redeemable
Non-Convertible Bonds- Series 2:
8.10% Per Annum.
No. of
Securities
31734479 30954421
Distinctive
number
range
1-31734479 1-30954421
Coupon (%) 8.00% Per Annum* 8.10% Per Annum**
Date of
Allotment
23-Feb-2012
Redemption
date
23-Feb-2022 23-Feb-2027
Interest
payment
dates
15
th
October every year
Credit Rating CRISIL AAA/Stable, CARE AAA, [ICRA] AAA
Market lot 1
*0.15% additional interest for category III for Series 1 as per the issue related terms
** 0.20% additional interest for category III for Series 2 as per the issue related terms
Note: For more details refer Annexure I enclosed.
The Bonds of Indian Railway Finance Corporation Limited (Symbol: IRFC) shall be traded in the
Normal Market segment (Rolling Settlement) in compulsory demat for all investors.
Address of Registered Office & Corporate Office of the Company:
The Company Secretary
UG Floor, East Tower, NBCC Place
Bhisham Pitamah Marg, Pragati Vihar
Lodhi Road, New Delhi - 110003
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Page 3 of 3
Tel: 011- 24369766-69
Fax: 011- 24366710/70
Company Secretary : Mr. S.K Ajmani
Web Site: www.irfc.in
Email id: Email
Financial Year: April to March
Address of Registrar:
Karvy Computershare Private Limited.
Plot No.17 to 24,
Vittal Rao Nagar, Madhapur,
Hyderabad- 500081
Tel: 040- 44655000
Fax: 040- 23431551
Contact Person: Mr. M. Murali Krishna

 

20. sbb  Feb 29, 2012 9:58:25 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments

irfc listing notice on bse circular

 

19. santonu  Feb 28, 2012 9:49:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
santonu's - IPO Comments

Govt is taking shortest route for divestment for ONGC through shre auction.So we may not be able to see FPO in near future,bad news for retail investors. so with emotion I must say bye bye FPO

 

18. sbb  Feb 28, 2012 7:39:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments

irfc listing
Trading Members of the Exchange are hereby informed that the under mentioned securities of Indian Railway Finance Corporation Limited are admitted to dealings on the Exchange with effect from Friday, March 2, 2012 in the list of "F GROUP".

Securities:

Indian Railway Finance Corporation Ltd Bonds in the nature of Secured Redeemable Non convertible Debentures of face value Rs. 1000 each.

Name of the Company
Indian Railway Finance Corporation Limited

Indian Railway Finance Corporation Limited

Name of the Series
Series -80
Series -80 A
Face/Paid-up value of Bonds (Rs. /Bond)
Rs. 1000
Issue Price of Bonds (Rs. /Bond)
Rs. 1000
Scrip Code
961731
961732
Scrip ID
8IRFC230222
810IRFC2327
Security Description
80th Series Tax Free Secured Redeemable Non Convertible Bonds in the nature of Debentures (for 10 years)
80th A Series Tax Free Secured Redeemable Non Convertible Bonds in the nature of Debentures (for 15 years)
No. of Securities
31734479
30954421
Distinctive number
1 – 31734479
1 – 30954421
ISIN
INE053F07520
INE053F07538
Abbrv. Name
8IRFC230222
810IRFC2327
Coupon (%) * (refer note 1)
8.00%
8.10%
Deemed Date of Allotment
23/02/2012
23/02/2012
Date of Allotment
23/02/2012
23/02/2013
Lock-In Up to
Not Applicable

Put/Call Option (Buy Back Date)
Buyback Amt.
Buyback Intimation Period
Redemption/Maturity date
February 23, 2022
(for 80th Series)
February 23, 2027
(for 80th A Series)
Tenor
10 Years
15 Years
Maturity/Redemption Amt. per Bond
Repayment of the face value of Bonds plus any Interest that may have accrued at the Redemption Date
First Interest payment date
15- Oct- 2012
15- Oct- 2012
Credit Rating
CRISIL AAA/Stable, CARE AAA & ICRA AAA
Market lot
1 Bond

 

17. sbb  Feb 28, 2012 10:13:06 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments

      

REC bond: Taxman's Rs 1-lakh new cap less than Sebi norm
N Sundaresha Subramanian & Samie Modak / Mumbai Feb 28, 2012, 00:23 IST

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The Union government has reduced the cap on subscription by retail investors in the Rs 3,000-crore tax-free bond issue of Rural Electrification Corp (REC) to Rs 1 lakh, from Rs 5 lakh that was allowed for previous such issues.

A notification dated February 14 issued by Central Board of Direct Taxes (CBDT) clearing the issue has said that “any individual investing over Rs 1 lakh will be classified as high net worth individual (HNIs)”.

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All previous tax-free bond issues from National Highways Authority of India (NHAI), Power Finance Corp, Housing and Urban Development Corp, and Indian Railway Finance Corp allowed retail investors to invest up to Rs 5 lakh.

Some investors feel the move will unduly help HNIs and institutions garner a better share of the issue. Arun Kejriwal, director, Kejriwal Research and Investment Services said, “The unsubscribed retail portion, which is going to be significant, will be cornered by the larger investors.”

Kejriwal also said the move is an infringement of the market regulator’s territory. “Securities and exchange Board of India (Sebi) has the jurisdiction over public issues of both debt and equity. How can a tax authority or an individual company decide unilaterally who is a retail investor? If at all CBDT wants to change, it has to do it through Sebi.” In 2010, Sebi doubled the limit for retail investors to Rs 2 lakh.

REC’s tax-free bond issue is likely to open on March 5. Ajay Manglunia, senior vice-president, Edelweiss Securities, said, “The move will impact retail participation. Most of the retail investors were investing Rs 5 lakh in these bonds, now if the limit is reduced to Rs 1 lakh you will need much more applications, which could be tough to get."

According to Manglunia even in equity offerings, where the risk is much higher and the issues are relatively smaller, retail investors are allowed to invest up to Rs 2 lakh. “Considering this, the retail quota for bond issues has to be much higher,” he added.

Analysts say the government move followed reports of misuse of retail quota by HNIs.

Media reports had talked about a grey market in NHAI bond issue, in which portions reserved for institutional and High Net worth investors were oversubscribed in the first few days.

Since the retail portion, which had Rs 2,500 crore worth of bonds remained undersubscribed, many richer investors routed their investments through retail investors, reports had said.

The CBDT move is aimed at this practice, according to experts. Even if all applicants subscribe for Rs 1 lakh, the issue will need 7.5 lakh applications to ensure subscription of Rs 750 crore allotted to retail. This looks difficult as even in the NHAI issue which saw huge demand total number of applications was around 5 lakh.

Bankers say this new limit will mean they will have to bring in more investors. Rajender Rautela, director, RR Investors Capital Services, lead manager said, “All debt issues beginning the Shriram Transport NCD issue had Rs 5 lakh as retail limit. NHAI, PFC and IRFC tax free bond issues benefitted from it. Now, with the new limit of Rs 1 lakh fixed for REC, we need three to four times the applications seen in earlier issues to fill up the retail quota

 

16. sbb  Feb 28, 2012 9:53:31 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments

SORRY ON 27/02/2012 BUSINESS STANDARD EDITION

 

15. sbb  Feb 28, 2012 9:47:34 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments

1 LAC CAP ON REC TAX FREE BOND TODAY BUSINESS STANDARD SHOWS

 

14. Ipobazar  Feb 27, 2012 4:00:59 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ipobazar's - IPO Comments

dear nirav jhaveri,
are you sure about the date of tribhuvands bhimji's ipo?

 

13. NIRAV JHAVERI  Feb 25, 2012 9:00:27 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
NIRAV JHAVERI's - IPO Comments

NEW IPO TRIBUVANDAS BHIMJI JHAVERI COMING ON 6/3 FIX INTEREST 3800 2 LAKH

 

13.1. UMANG KOTHARI  Feb 25, 2012 10:19:44 AM IST |  I Like It.  Like  |  Report Abuse
UMANG KOTHARI's - IPO Comments

its 6th March na ?
Not able to understand of interest 3800/- of 2 lacs

 

12. gundu anna  Feb 23, 2012 10:38:41 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments

BE AREFUL WITH YOUR MONEY ON THIS.

NOT applying to this issue.

 

12.1. santonu  Feb 23, 2012 11:13:13 PM IST |  I Like It.  Like  |  Report Abuse
santonu's - IPO Comments

minimum investment is 1 lakh ,who will apply?

 

11. TRUE ANALYSIS  Feb 23, 2012 1:49:30 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
TRUE ANALYSIS's - IPO Comments

1st COMPANY TO LIST ON BSE SME EXCHANGE . SO, GO FOR THAT

 

10. GENIUS  Feb 23, 2012 10:59:05 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
GENIUS's - IPO Comments

This Issue is fix price Issue so beware about refund and listing will be in 30 days

 

9. santonu  Feb 22, 2012 7:51:12 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
santonu's - IPO Comments

Which will give more return on listing day BCB or MCX . you have to consider amount share you are likely to receive

 

9.1. Ipofinder  Feb 22, 2012 9:09:27 PM IST |  I Like It.  Like  |  Report Abuse
Ipofinder's - IPO Comments

Circuit is just 5 % on the price discovery for the issues size less than 250 crores.

What will happen if it opens at 5 % seller circuit at opening rate and on coming days also, how will u exit?

 

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