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Incorporated in 1992, Bang Overseas Limited presently providing fashion fabrics and meeting ready to wear requirements of our customers in apparel, textile and retail segment.
They are conceptualising and designing fashion fabrics and outsourcing the manufacturing process of the same from countries like Turkey, Portugal, Mauritius and other European Countries. They have centralised warehousing and logistic centre at Kalher Village near Bhiwandi to facilitate their supply chain management.
Bang Overseas Ltd have ten retail outlets located at Mumbai, Rajkot, Surat, Gurgaon, Pune, Bangalore (3 stores), Kolkata, and Ahmedabad which are established under the brand name “Thomas Scott” retail outlet. Their products are presently retailed through 155 point of sales comprises of their own retail outlets, Large format stores (LFS) like Shoppers’ Stop, Pyramid, Globus, SAGA and Multi Brand Outlets (MBO) spread all over India.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Setting up retail outlets across India and brand building;
2. Setting up a new apparel manufacturing unit;
3. Warehousing and Logistic facilities;
4. General Corporate Purposes;
5. Issue Expenses.
| IPO Opening Date | Jan 28, 2008 |
| IPO Closing Date | Jan 31, 2008 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹200 to ₹207 per equity share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Issue Size | 3,500,000 Eq Shares of ₹10 (aggregating up to ₹72.45 Cr) |
The Bang Overseas IPO market lot size is 30 shares. A retail-individual investor can apply for up to 32 lots (960 shares or ₹198,720).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 30 | ₹6,210 |
| Maximum | 32 | 960 | ₹198,720 |
The Bang Overseas IPO is subscribed 1.24 times on 1/31/2008 5:00:00 PM. The public issue subscribed 1.17 times in the retail category, 1.14 times in the QIB category, and 1.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Wednesday, February 20, 2008 |
| BSE Script Code | 532946 |
| NSE Symbol | BANG |
| Listing In | B1 Group of Securities |
| ISIN | INE863I01016 |
| IPO Price | ₹207 per equity share |
| Face Value | ₹10 per equity share |
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Bang Overseas Limited
Masjid Manor, IInd Floor,
16 Homi Modi Street, Fort,
Mumbai- 400 023
Phone: +91-22-2204 3496
Email: ipo@banggroup.com
Website: http://www.banggroup.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: bang.ipo@karvy.com
Website: https://karisma.kfintech.com/
Bang Overseas IPO is a main-board IPO of 3,500,000 equity shares of the face value of ₹10 aggregating up to ₹72.45 Crores. The issue is priced at ₹200 to ₹207 per equity share. The minimum order quantity is 30 Shares.
The IPO opens on Jan 28, 2008, and closes on Jan 31, 2008.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Bang Overseas IPO opens on Jan 28, 2008 and closes on Jan 31, 2008.
Bang Overseas IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.
You can apply in Bang Overseas 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bang Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bang Overseas IPO allotment status.
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Still running Rs90+ compared to issuee price.