FREE Account Opening + No Clearing Fees
Loading...

Benara Bearings & Pistons Ltd IPO (Benara Bearings IPO) Detail

March 20, 2018 - March 22, 2018

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.

Benara Bearings IPO Details

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 Size5,316,000 shares
(aggregating up to ₹33.49 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion272,000 shares

Benara Bearings IPO Reservation

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 Offered272,000 (4.87%)
NII (HNI) Shares Offered2,484,000 (44.45%)
Retail Shares Offered2,484,000 (44.45%)
Employee Shares Offered76,000 (1.36%)
Other Shares Offered272,000 (4.87%)
Total Shares Offered5,588,000 (100%)

Benara Bearings IPO Lot Size

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

About Benara Bearings & Pistons Ltd

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.

Company Financials

Summary of financial Information (Restated Standalone)
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

Objects of the Issue (Benara Bearings IPO Objectives)

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.

Benara Bearings IPO Review (May apply)

[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.

Read detail review...


Benara Bearings IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII1.06
Retail2.77
Employee1.18
Total1.91

Benara Bearings IPO Prospectus

Benara Bearings IPO Rating

75
3.1
Rating:Rated 3.1 stars
Vote Here ...

Benara Bearings IPO Listing Details

Listing Date April 3, 2018
BSE Script Code 541178
NSE Symbol
ISIN INE495Z01011
Final Issue Price ₹63 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹63.00
₹64.00
₹61.00
₹64.00
₹61.95

Check IPO Performance…

Benara Bearings & Pistons Ltd Contact Details

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

Benara Bearings IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Benara Bearings IPO - Buy or Not

Benara Bearings IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Benara Bearings IPO FAQs

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.

The Benara Bearings IPO listing date is on April 3, 2018.
Open an Instant Account with Zerodha

Benara Bearings IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...

94 Comments

58. Sinewave |   Link |  Bookmark |April 3, 2018 9:55:50 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Listed @64
Quantity traded: 840000

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
58.3. traderji |   Link |  Bookmark |April 3, 2018 7:41:53 PM
How to sale in pre open?
I try to sale it in zerodha trading software but not take my order.
58.4. Sinewave |   Link |  Bookmark |April 4, 2018 12:12:42 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
SPOS session:

Place your sell order before 09:44 AM.
Traded (sell) on discovered price if your rate is less than discovered price.
Order remain open if not traded.
It is just like mainline IPO listing now.
57. Sinewave |   Link |  Bookmark |April 4, 2018 12:08:11 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Securitywise Delivery Position
Trade Date      03 Apr 2018
Quantity Traded      28,60,000
Deliverable Quantity
(Gross across client level): 28,60,000
% of Deliverable Quantity to Traded Quantity: 100.0

54% equity changed hands.
56. Carn Mohan |   Link |  Bookmark |April 3, 2018 1:04:47 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Now Penta leadmanager flop
55. IPOANALYSIS |   Link |  Bookmark |April 3, 2018 9:57:51 AM
Sinewave u r too much promoting this stock.as I mention it will have flat listing.one can easily get at issue price so what was use to apply .also since new norms no bse ame have performed.also nowdays don't make much sense to apply new sme.one can instead look and buy from secondary market sme and get returns.all recent listings have not made any gains
55.4. IPOANALYSIS |   Link |  Bookmark |April 3, 2018 11:45:56 AM
OH OK HAHAHAH
MARKET GURUJI HAVE ALL WRONG PREMIUM

THEY SHOWED 20 PC LISTING GAIN FOR SARVESHWAR FOOD,INFLAME APPLINCES AND 40 PC FOR UNI INFO

DONT GO BY THEIR GREY MARKET. ITS INCORRECT
55.5. Umang and his ultrasonic uproar |   Link |  Bookmark |April 3, 2018 12:32:26 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
@IPOANALYSIS & sinewave,
You both are much needed guys on this forum. Anyone can go wrong in sme, I completely went wrong on sarveshwar. Many investors have suffered because of dismal listing & thereafter. Nobody intend to give wrong advice to forum friends but sometimes what we think doesn't happens.

So you guys don't mess with each other. Keep posting your views & help Forum friends.
54. IPOANALYSIS |   Link |  Bookmark |April 3, 2018 10:10:22 AM
Lol below issue price now. As I said don't believe in anyone spreading wrong and fake premium.it is better nowdays not to apply new and blindly.look for old sme already listed which have lot of opportunities
53. Sinewave |   Link |  Bookmark |April 3, 2018 9:44:21 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
09:41

Benara Bearings and Pistons Ltd
64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :864000
52. Sinewave |   Link |  Bookmark |April 3, 2018 9:39:45 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Pre open:

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :840000
51. Sinewave |   Link |  Bookmark |April 3, 2018 9:34:28 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Indicative:

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :802000
51.1. Sinewave |   Link |  Bookmark |April 3, 2018 9:36:49 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Wonderful support By Pantomath.

Nice LM
51.2. Sinewave |   Link |  Bookmark |April 3, 2018 9:38:59 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
It is beauty of SPOS session.

Provide Exit window to retails in pre open session.
50. Sinewave |   Link |  Bookmark |April 3, 2018 9:31:55 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Current:
Pre open
Benara Bearings and Pistons Ltd


64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :802000
49. Sinewave |   Link |  Bookmark |April 3, 2018 9:26:19 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Latest:

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :636000
48. Sinewave |   Link |  Bookmark |April 3, 2018 9:20:58 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Benara Bearings and Pistons Ltd
64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :594000
47. Sinewave |   Link |  Bookmark |April 3, 2018 9:14:16 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Current Indicative price: 64
47.1. Sinewave |   Link |  Bookmark |April 3, 2018 9:15:33 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Enough support from LM
47.2. Sinewave |   Link |  Bookmark |April 3, 2018 9:17:04 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :476000
46. IPOANALYSIS |   Link |  Bookmark |April 3, 2018 12:32:33 AM
No interest was seen to apply in this sme from HNI
Also when heavily subscribed issues are trading at discount.
do remember since new bse t2t trade no sme has performed.

my bets flat listing. dont expect anything.
45. Umang and his ultrasonic uproar |   Link |  Bookmark |April 2, 2018 9:18:56 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Listing tommorow as per BSE SME SITE
45.1. Sinewave |   Link |  Bookmark |April 2, 2018 10:53:30 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@Umang ji:

What is your opinion regarding its listing and onwards.
You are expert in this reference.
Please comment.
44. Sinewave |   Link |  Bookmark |April 2, 2018 9:54:40 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Listing Circular link:
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20180402-19

Scrip ID on BOLT System: BENARA
ISIN No.: INE495Z01011
Scrip Code: 541178

Have a nice listing tomorrow.
43. Carn Mohan |   Link |  Bookmark |April 2, 2018 9:31:58 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
If this share will not list 1,2 UC than whole SME ipo market will be finished.
43.1. Sinewave |   Link |  Bookmark |April 2, 2018 10:16:10 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
PANTOMATH capital always awarded the investors. Let us see what happens tomorrow.

Hopefully good listing as reasonable pricing compare to listed pears.
43.2. Sinewave |   Link |  Bookmark |April 2, 2018 3:29:06 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Today's move of Macpower indicate good listing of Benara bearing on tomorrow.

Hold tite and wait for tomorrow.
42. IPOANALYSIS |   Link |  Bookmark |March 31, 2018 8:17:12 PM
all this premium on this share is all false news. no premium for this.
this would have flat listing and no interest in HNI for this stock.
since bse t2t dont expect anything on bse listing sme .

41. Sinewave |   Link |  Bookmark |March 30, 2018 10:05:02 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)

Finalization of Basis of Allotment      on or Before 27th March 2018
Initiation of Refunds      on or Before 28th March 2018
Credit of Equity Shares:      on or Before 02nd April 2018
Listing Date:      on or Before 03rd April 2018
41.1. SRN |   Link |  Bookmark |March 30, 2018 10:50:38 PM
Sinewave gmp 6/7 which city?
40. SRN |   Link |  Bookmark |March 30, 2018 7:41:51 PM
Any subject to rates for benara.
40.1. Sinewave |   Link |  Bookmark |March 30, 2018 10:14:35 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
6/7 rupees
39. Sourabh jain |   Link |  Bookmark |March 30, 2018 3:35:45 PM
Sir any view over lien which is still not removed