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Vishal Bearings IPO is a fixed price issue of Rs 3.24 crores.
Vishal Bearings IPO bidding started from September 28, 2015 and ended on September 30, 2015. The shares got listed on BSE SME on October 15, 2015.
Vishal Bearings IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Hem Securities Limited is the book running lead manager of the Vishal Bearings IPO, while Kfin Technologies Limited is the registrar for the issue.
| IPO Date | September 28, 2015 to September 30, 2015 |
| Listing Date | October 15, 2015 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,296,000 shares (aggregating up to ₹3.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 6000 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 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| Lot Size Calculator | |||
Incorporated in 1992, Vishal Bearings Ltd is Rajkot, Gujarat based manufacturer of bearing rollers. Company manufacture taper bearing rollers, cylindrical bearing rollers, spherical bearing rollers and supply it to reputed bearing manufacturer and OEM across India. Vishal Bearings also exports bearing rollers.
Entire process of manufacturing bearing rollers is done in-house which ensures quality product and timely delivery. Vishal Bearings is certified as ISO 9001:2008 & ISO/TS 16949:2002.
The Issue includes a fresh Issue of 12,96,000 Equity Shares at an Issue Price of Rs. 25 per Equity Share.
Company proposes to utilize the funds which are being raised through this Issue towards the below mentioned objects and gain benefits of listing on SME platform of BSE:
The Objects of the Issue are:
1. To Meet Working Capital Requirement;
2. To meet the Issue Expenses
[Dilip Davda]
Well informed and fund surplus investors may park investment for long term.
Read detail review...
| Listing Date | October 15, 2015 |
| BSE Script Code | 539398 |
| NSE Symbol | |
| ISIN | INE060T01024 |
| Final Issue Price | ₹25 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹25.00 |
| ₹26.00 |
| ₹26.00 |
| ₹27.30 |
| ₹27.30 |
Vishal Bearings Ltd
Survey No 22/1, Plot No 1,
Shapar Main Road, Shapar (Veraval),
Rajkot 360 002, Gujarat
Phone: 02827 - 252273, 252414
Email: compliance@vishalbearings.com
Website: http://www.vishalbearings.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vishalbearings.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Vishal Bearings IPO is a SME IPO of 1,296,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 28, 2015, and closes on September 30, 2015.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Vishal Bearings IPO opens on September 28, 2015 and closes on September 30, 2015.
Vishal Bearings IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in Vishal 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 Vishal Bearings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vishal Bearings IPO allotment status.
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