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Benara Bearings & Pistons Ltd IPO (Benara Bearings IPO) Detail

Mar 20, 2018 - Mar 22, 2018

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.

Company Promoters:

The Promoters of the Company are:

1. Mr. Panna Lal Jain and
2. Mr. Vivek Benara

Company Financials:

Summary of financial Information (Restated Standalone)
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

Objects of the Issue:

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.

Benara Bearings IPO Details

IPO Opening Date Mar 20, 2018
IPO Closing Date Mar 22, 2018
Issue Type Book Built Issue IPO
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
Issue Size5,316,000 Eq Shares of ₹10
(aggregating up to ₹33.49 Cr)

Benara Bearings IPO Lot Size

The Benara Bearings IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹126,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 2000 ₹126,000
Maximum 1 2000 ₹126,000

Benara Bearings IPO Review


Company’s recent working raises eyebrows and is a major concern for future outlook. Although issue is priced reasonably on the basis of such superb profits, risk savvy cash surplus investors may consider investment at their own risk.

Read detail review...

Benara Bearings IPO Subscription Status (Bidding Detail)

The Benara Bearings IPO is subscribed 1.91 times on 3/22/2018 2:00:00 PM. The public issue subscribed 2.77 times in the retail category, times in the QIB category, and 1.06 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.06
Retail2.77
Employee1.18
Total1.91

Benara Bearings IPO Prospectus

Benara Bearings IPO Rating

75
3.1
Rating:Rated 3.1 stars
Vote Here ...

Benara Bearings IPO Listing Date

Listing Date Tuesday, April 3, 2018
BSE Script Code 541178
NSE Symbol
Listing In MT Group of Securities
ISIN INE495Z01011
IPO Price ₹63 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹63.00
₹64.00
₹61.00
₹64.00
₹61.95

Company Contact Information

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

Benara Bearings IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Benara Bearings IPO Reviews / Ratings

Benara Bearings IPO FAQs

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 is priced at ₹60 to ₹63 per equity share. The minimum order quantity is 2000 Shares.

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 lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

You can apply in Benara 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Benara Bearings IPO listing date is on Tuesday, April 3, 2018.

Benara Bearings IPO Message Board

Ranked Members  Ranked Members

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94 Comments

58. Sinewave |Apr 3, 2018 10:55:50 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Listed @64
Quantity traded: 840000

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
58.3. traderji |Apr 3, 2018 8:41:53 PM
How to sale in pre open?
I try to sale it in zerodha trading software but not take my order.
58.4. Sinewave |Apr 4, 2018 1:12:42 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
SPOS session:

Place your sell order before 09:44 AM.
Traded (sell) on discovered price if your rate is less than discovered price.
Order remain open if not traded.
It is just like mainline IPO listing now.
57. Sinewave |Apr 4, 2018 1:08:11 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Securitywise Delivery Position
Trade Date      03 Apr 2018
Quantity Traded      28,60,000
Deliverable Quantity
(Gross across client level): 28,60,000
% of Deliverable Quantity to Traded Quantity: 100.0

54% equity changed hands.
56. Carn Mohan |Apr 3, 2018 2:04:47 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Now Penta leadmanager flop
55. IPOANALYSIS |Apr 3, 2018 10:57:51 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Sinewave u r too much promoting this stock.as I mention it will have flat listing.one can easily get at issue price so what was use to apply .also since new norms no bse ame have performed.also nowdays don't make much sense to apply new sme.one can instead look and buy from secondary market sme and get returns.all recent listings have not made any gains
55.4. IPOANALYSIS |Apr 3, 2018 12:45:56 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
OH OK HAHAHAH
MARKET GURUJI HAVE ALL WRONG PREMIUM

THEY SHOWED 20 PC LISTING GAIN FOR SARVESHWAR FOOD,INFLAME APPLINCES AND 40 PC FOR UNI INFO

DONT GO BY THEIR GREY MARKET. ITS INCORRECT
55.5. Umang and his ultrasonic uproar |Apr 3, 2018 1:32:26 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@IPOANALYSIS & sinewave,
You both are much needed guys on this forum. Anyone can go wrong in sme, I completely went wrong on sarveshwar. Many investors have suffered because of dismal listing & thereafter. Nobody intend to give wrong advice to forum friends but sometimes what we think doesn't happens.

So you guys don't mess with each other. Keep posting your views & help Forum friends.
54. IPOANALYSIS |Apr 3, 2018 11:10:22 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Lol below issue price now. As I said don't believe in anyone spreading wrong and fake premium.it is better nowdays not to apply new and blindly.look for old sme already listed which have lot of opportunities
53. Sinewave |Apr 3, 2018 10:44:21 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
09:41

Benara Bearings and Pistons Ltd
64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :864000
52. Sinewave |Apr 3, 2018 10:39:45 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Pre open:

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :840000
51. Sinewave |Apr 3, 2018 10:34:28 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Indicative:

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :802000
51.1. Sinewave |Apr 3, 2018 10:36:49 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Wonderful support By Pantomath.

Nice LM
51.2. Sinewave |Apr 3, 2018 10:38:59 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
It is beauty of SPOS session.

Provide Exit window to retails in pre open session.
50. Sinewave |Apr 3, 2018 10:31:55 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Current:
Pre open
Benara Bearings and Pistons Ltd


64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :802000
49. Sinewave |Apr 3, 2018 10:26:19 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Latest:

Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :636000
48. Sinewave |Apr 3, 2018 10:20:58 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Benara Bearings and Pistons Ltd
64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :594000
47. Sinewave |Apr 3, 2018 10:14:16 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Current Indicative price: 64
47.1. Sinewave |Apr 3, 2018 10:15:33 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Enough support from LM
47.2. Sinewave |Apr 3, 2018 10:17:04 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Benara Bearings and Pistons Ltd

64.00                   0.00      (0.00%)      
             +1.00      (+1.59%)      
Pre-open - Indicative Qty. :476000
46. IPOANALYSIS |Apr 3, 2018 1:32:33 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
No interest was seen to apply in this sme from HNI
Also when heavily subscribed issues are trading at discount.
do remember since new bse t2t trade no sme has performed.

my bets flat listing. dont expect anything.
45. Umang and his ultrasonic uproar |Apr 2, 2018 10:18:56 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Listing tommorow as per BSE SME SITE
45.1. Sinewave |Apr 2, 2018 11:53:30 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
@Umang ji:

What is your opinion regarding its listing and onwards.
You are expert in this reference.
Please comment.
44. Sinewave |Apr 2, 2018 10:54:40 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Listing Circular link:
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20180402-19

Scrip ID on BOLT System: BENARA
ISIN No.: INE495Z01011
Scrip Code: 541178

Have a nice listing tomorrow.
43. Carn Mohan |Apr 2, 2018 10:31:58 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
If this share will not list 1,2 UC than whole SME ipo market will be finished.
43.1. Sinewave |Apr 2, 2018 11:16:10 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
PANTOMATH capital always awarded the investors. Let us see what happens tomorrow.

Hopefully good listing as reasonable pricing compare to listed pears.
43.2. Sinewave |Apr 2, 2018 4:29:06 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Today's move of Macpower indicate good listing of Benara bearing on tomorrow.

Hold tite and wait for tomorrow.
42. IPOANALYSIS |Mar 31, 2018 9:17:12 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
all this premium on this share is all false news. no premium for this.
this would have flat listing and no interest in HNI for this stock.
since bse t2t dont expect anything on bse listing sme .

41. Sinewave |Mar 30, 2018 11:05:02 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)

Finalization of Basis of Allotment      on or Before 27th March 2018
Initiation of Refunds      on or Before 28th March 2018
Credit of Equity Shares:      on or Before 02nd April 2018
Listing Date:      on or Before 03rd April 2018
41.1. SRN |Mar 30, 2018 11:50:38 PM
Sinewave gmp 6/7 which city?
40. SRN |Mar 30, 2018 8:41:51 PM
Any subject to rates for benara.
40.1. Sinewave |Mar 30, 2018 11:14:35 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
6/7 rupees
39. Sourabh jain |Mar 30, 2018 4:35:45 PM
Sir any view over lien which is still not removed