Bharat Wire Ropes Ltd IPO Message Board (Page 4)

In the last five years, the company’s sales have remained stagnant around Rs 77 crore and net profit has fluctuated between Rs 1.48 crore to Rs 1.98 crore.

At a higher price band of Rs 45, the post issue diluted equity share capital of the company works out to Rs 44.95 crore on face value of Rs 10 each. On this equity, the EPS for FY 2015 works out to Rs 0.44. The EPS for the eight months ended November 2015 on an annualized basis works out to Rs 0.36.

At the higher price band of Rs 45, and on an annualized EPS of Rs 0.36 for the eight months ended November 2015, the scrip is offered at a P/E of 124 times!

Since last 2 days Usha Martin reaches on new hight (upper circuit). I think it is becaof Bharat Ropes IPO. I remembered Spicejet stock movement after Interglobe IPO announcement. Business model of Bharat Ropes is weak but no. looks comparatively better than it''s peers. Septa what is your view? Is it worth to take risk?

Please provide the peers so that I can also try n analyse. Will be thankful if u can do so.

Bharat Wire Ropes products include mechanically and hand spliced slings, earth wires, stay wires, guy wires, spiral wires.
Shree Steel Wire Ropes Ltd, Usha Martin, Bedmutha Industries Ltd. are manufacturers of same products like Bharat Wire Ropes.
We will find thousands pvt limited companies who are in similar line of products business but hard to get financial nos.

Bharat Wire Ropes Ltd., - IPO Update
Issue Op On 18/3
Issue Cl On 22/3
Price Band - Rs 40-45
Bid Lot - 300 Shs
Issue Size - Rs 70 Crs
Allocation - 75% QIB, 15% HNI & 10% RET
Listing - NSE & BSE
Promoter - Mr M L Mittal
Overview - Co. engaged in mfging & sales of wire ropes, structural strands & slings.
Application of products in the sectors - Oil & Gas, Mining, Elevator, Cranes, Marine, Ports, Fishing, Construction etc.
Clients - NALCO,TATA, Aban, Coal (I), ONGC, Power Grid, SCI
Total Revenue for FY 2015 - Rs.76.72 Crs & PAT of Rs.1.97 Crs.

Your Message

Aggressively priced IPO and will be in T group for initial listing period. No harm in giving it a miss as track record too is not in line with the asking price.

Your views on HCG?

Forget about premium n kostak. Do not apply in this IPO. Worthless piece of junk this IPO. This year till now only useless IPOs coming. Don''t know when a good one will come.

Dear members

Keep updating premium per share and kostak please.

It can be another snowman.

It was great hit was over subscribed 60 from memory was list at 70% premium however few bad quarters share had slide..... with high promise and when result not meant market correct the share

but this bharat rope is no where bear snowman i am not sure why Vaibhav think it is another snowman

Simply AVOID

this is avoid given weak top line and bottom line..... this company was takeover by the present promoter few years back with idea to increase its capacity by ten times given the demand however this big investment did not materialise....

today this product i can import from china and 1/3 the price in fact i think BHARAT ROPES also import becait is cheap to import then manufacture however i am not sure i am just guesstimate given a portion of it revenue comes from trading..

I also called few wire rope suppliers to understand the demand.... found out china is ing better quality product and half the price and this product is not covered under MIP or duty cess

IMO THIS ISSUE CAN BE AVOIDED

When a manufacturer has material trading income, it''s always a red flag. Either he is trading the raw material or the finished product itself. I came across a PVC pipe manufacturer who actually misused our LC Limits by trading the raw material (PVC Resin- imported from China) instead of manufacturing the pipes out of it.

Listing at loss
AVOID karro ge bhaiiyo...

Apply or no pls suggest any sinior member this forum

Avoid this IPO my friend.

Ok,thenx sir

2 Crore profit
Valuing 160 Cr. PE 80times....
BAAPP RE BAAAAAAAAAAP
DAS BAAR SHOCHO

Price per share ranging from 40-45 is a good bet for an already established company.

For a project worth Rs. 507cr, company is raising equity by IPO route only for Rs. 70 cr. Sounds attractive.

BWR PLZ KOSTAK

Avoid. Less said about the company better it is.

First check whether their is any hidden point like ...tax issues or shares fraud ....similar to QH.

2 cr profit sale 77 cr asking 70 cr from market
BETTER AVOID

avoid better buy usha martin at rs 9

Better buy this after listing at Rs. 25....
Monte Carlo ipo

If I buy Coal India tomorrow, 10.03, the shares will be credited to my DP on T+2 day ie 14.03 ( excluding Sat & Sun in between). The record date for Dividend is 15.03 ( Ex Div date is 14.03). As such I should get the Dividend.
Even if I buy shares on 11.03, then the shares will be credited on 15.03 to my DP. I will still be eligible for Dividend since the credit in DP will take place by 1.00 pm while as record for Dividend purpose is taken after 3.30 pm on that day.
Am I right ? Seniors may comment

Coal india ex div declares 14th of march to be the Record date, you will be entitled to receive the dividend only if you purchased the share before the 12th of June (i.e. on 11th of June or before)

Septa sir, June or March :)