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 DateMar 20, 2018 - Mar 22, 2018
Issue TypeBook Built Issue IPO
Issue Size5,316,000 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 Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Benara Bearings IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹126,000
Maximum12000₹126,000

Benara Bearings IPO Subscription Status (Bidding Detail)

Benara Bearings IPO how much subscribed?

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

Benara Bearings IPO Prospectus

Benara Bearings IPO Rating

75
3.1
Rating:Rated 3.1 stars

Vote Here ...

Benara Bearings IPO Listing Date

Listing DateTuesday, April 3, 2018
BSE Script Code541178
NSE Symbol
Listing InMT
ISININE495Z01011
IPO Price₹63 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹63.00
₹64.00
₹61.00
₹64.00
₹61.95
2,860,000

Benara Bearings IPO Reviews / Ratings

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
   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 FAQs

  1. 1. What is Benara Bearings IPO?

    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.

  2. 2. When Benara Bearings IPO will open?

    The Benara Bearings IPO opens on Mar 20, 2018 and closes on Mar 22, 2018.

  3. 3. How to apply for Benara Bearings IPO?

    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.

  4. 4. When Benara Bearings IPO allotment?

    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.

  5. 5. When is Benara Bearings IPO listing date?

    The Benara Bearings IPO listing date is on Tuesday, April 3, 2018, at BSE SME.
  6. 6. What is the lot size of Benara Bearings IPO?

    Benara Bearings IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

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Benara Bearings IPO Review / Comments

Sinewave
58. Sinewave  Apr 3, 2018 09:55
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%)      
traderji
58.3. traderji  Apr 3, 2018 19:41
How to sale in pre open?
I try to sale it in zerodha trading software but not take my order.
Sinewave
58.4. Sinewave  Apr 4, 2018 00:12
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.
Sinewave
57. Sinewave  Apr 4, 2018 00:08
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.
Carn Mohan
56. Carn Mohan  Apr 3, 2018 13:04
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Now Penta leadmanager flop
IPOANALYSIS
55. IPOANALYSIS  Apr 3, 2018 09:57
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
IPOANALYSIS
55.4. IPOANALYSIS  Apr 3, 2018 11:45
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
Umang and his ultrasonic uproar
55.5. Umang and his ultrasonic uproar  Apr 3, 2018 12:32
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.
IPOANALYSIS
54. IPOANALYSIS  Apr 3, 2018 10:10
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
Sinewave
53. Sinewave  Apr 3, 2018 09:44
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
Sinewave
52. Sinewave  Apr 3, 2018 09:39
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
Sinewave
51. Sinewave  Apr 3, 2018 09:34
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
Sinewave
51.1. Sinewave  Apr 3, 2018 09:36
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Wonderful support By Pantomath.

Nice LM
Sinewave
51.2. Sinewave  Apr 3, 2018 09:38
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
It is beauty of SPOS session.

Provide Exit window to retails in pre open session.
Sinewave
50. Sinewave  Apr 3, 2018 09:31
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
Sinewave
49. Sinewave  Apr 3, 2018 09:26
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
Sinewave
48. Sinewave  Apr 3, 2018 09:20
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
Sinewave
47. Sinewave  Apr 3, 2018 09:14
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Current Indicative price: 64
Sinewave
47.1. Sinewave  Apr 3, 2018 09:15
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Enough support from LM
Sinewave
47.2. Sinewave  Apr 3, 2018 09:17
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
IPOANALYSIS
46. IPOANALYSIS  Apr 3, 2018 00:32
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.
Umang and his ultrasonic uproar
45. Umang and his ultrasonic uproar  Apr 2, 2018 21:18
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Listing tommorow as per BSE SME SITE
Sinewave
45.1. Sinewave  Apr 2, 2018 22:53
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.
Sinewave
44. Sinewave  Apr 2, 2018 21:54
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.
Carn Mohan
43. Carn Mohan  Apr 2, 2018 09:31
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.
Sinewave
43.1. Sinewave  Apr 2, 2018 10:16
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.
Sinewave
43.2. Sinewave  Apr 2, 2018 15:29
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.
IPOANALYSIS
42. IPOANALYSIS  Mar 31, 2018 20:17
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 .

Sinewave
41. Sinewave  Mar 30, 2018 22:05
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
SRN
41.1. SRN  Mar 30, 2018 22:50
Sinewave gmp 6/7 which city?
SRN
40. SRN  Mar 30, 2018 19:41
Any subject to rates for benara.
Sinewave
40.1. Sinewave  Mar 30, 2018 22:14
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
6/7 rupees
Sourabh jain
39. Sourabh jain  Mar 30, 2018 15:35
Sir any view over lien which is still not removed






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