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.
The Promoters of the Company are:
1. Mr. Panna Lal Jain and
2. Mr. Vivek Benara
| 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 | |
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.
| IPO Date | Mar 20, 2018 - Mar 22, 2018 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5,316,000 Eq Shares of ₹10 (aggregating up to ₹33.49 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹60 to ₹63 Per Equity Share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹126,000 |
| Maximum | 1 | 2000 | ₹126,000 |
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | NII | RII | Employee | Total |
Shares Offered | 2,484,000 | 2,484,000 | 76,000 | 5,044,000 |
Mar 22, 2018 14:00 | 1.06x | 2.77x | 1.18x | 1.91x |
| Listing Date | Tuesday, April 3, 2018 |
| BSE Script Code | 541178 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE495Z01011 |
| IPO Price | ₹63 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 price of the IPO is ₹60 to ₹63 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Book Built Issue.
The IPO opens on Mar 20, 2018 and closes on Mar 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 Mar 20, 2018 and closes on Mar 22, 2018.
Benara Bearings IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Benara Bearings IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
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Quantity traded: 840000
Benara Bearings and Pistons Ltd
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