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Bedmutha Industries Ltd is one of the leading steel wire manufacturers in western India located in Nashik. Bedmutha operate four manufacturing units in and around Nashik and they are strategically located in proximity to the source of raw materials and markets ensuring cost savings and logistic benefits.
Company has wide range of wire and wire products - Galvanized wires, Cable Armour Wires, ACSR Wires, Wire Nails, Earth Wires, Stay Wires, Spring Steel Wires, Barbed Wires, etc. Products are used in various areas such as roads, bridges, flyovers, power, automobile, engineering, agriculture, railways and defence. Their products are approved by Bureau of Indian Standards, Power Grid Corporation and State Electricity Boards.
Bedmutha have promoted Kamalasha Infrastructure & Engineering Private Limited (KIEPL) which is their subsidiary, for implementation of turnkey contracts for infrastructure namely in power, roads, railways etc.
The Promoters of the company are:
1. Mr. Kachardas Ratanchand Bedmutha
2. Mr. Ajay Kachardas Vedmutha
3. Mr. Vijay Kachardas Vedmutha
4. Mrs. Usha Vijay Vedmutha
5. Bedmutha Sons Realty Ventures Private Limited
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Oct-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 9,746.52 | 15,166.11 | 11,563.53 | 7,115.99 | 5,292.48 |
| Profit After Tax (PAT) | 856.03 | 702.93 | 392.45 | (25.13) | 23.61 |
The object of the Issue is to finance:
1. Setting up of new plant at Sinnar, Nashik for manufacturing of new product Low Relaxation Pre-Stress Concrete (LRPC) Wire and Spring Steel Wire;
2. General Corporate Purposes;
3. Issue Expenses.
| IPO Opening Date | Sep 28, 2010 |
| IPO Closing Date | Oct 1, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 to ₹102 per equity share |
| Market Lot | 65 Shares |
| Min Order Quantity | 65 Shares |
| Listing At | BSE, NSE |
| Issue Size | 9,000,000 Eq Shares of ₹10 (aggregating up to ₹91.80 Cr) |
The Bedmutha IPO market lot size is 65 shares. A retail-individual investor can apply for up to 30 lots (1950 shares or ₹198,900).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 65 | ₹6,630 |
| Maximum | 30 | 1950 | ₹198,900 |
ICRA has assigned an IPO Grade 2 to Bedmutha Industries Limited IPO. This means as per ICRA company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for Bedmutha Industries Limited.
Bedmutha Industries IPO, Bedmutha IPO, Bedmutha IPO Bidding, Bedmutha IPO Allotment Status, Bedmutha drhp and Bedmutha Industries Limited IPO listing.
The Bedmutha IPO is subscribed 7.69 times on Oct 1, 2010 6:30:00 PM. The public issue subscribed 8.51 times in the retail category, 0.67 times in the QIB category, and 29.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.67 |
| NII | 29.19 |
| Retail | 8.51 |
| Total | 7.69 |
| Listing Date | Thursday, October 14, 2010 |
| BSE Script Code | 533270 |
| NSE Symbol | BEDMUTHA |
| Listing In | B Group of Securities |
| ISIN | INE844K01012 |
| IPO Price | ₹102 per equity share |
| Face Value | ₹10 per equity share |
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Bedmutha Industries Ltd
Bedmutha Industries Ltd,
A-32, STICE,
Sinnar, Nashik-422 103, Maharashtra, India
Phone: 91-2551240481/240631
Email: ipo@bedmutha.com
Website: http://www.bedmutha.com
Mondkar Computers Private Limited
Phone: 022 - 2836 6620 / 2825 7641
Email: bedmutha_ipo@mondkarcomputers.com
Website: https://www.unisec.in/
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Bedmutha IPO is a main-board IPO of 9,000,000 equity shares of the face value of ₹10 aggregating up to ₹91.80 Crores. The issue is priced at ₹95 to ₹102 per equity share. The minimum order quantity is 65 Shares.
The IPO opens on Sep 28, 2010, and closes on Oct 1, 2010.
Mondkar Computers Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Bedmutha IPO opens on Sep 28, 2010 and closes on Oct 1, 2010.
Bedmutha IPO lot size is 65 Shares and the minimum order quantity is 65 Shares.
You can apply in Bedmutha 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 Bedmutha IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bedmutha IPO allotment status.
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