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 Size	5,316,000 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 Subscription Status (Bidding Detail)

The Benara Bearings IPO is subscribed 1.91x times on Mar 22, 2018 14:00. The public issue subscribed 2.77x in the retail category, in the QIB category, and 1.06x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	1.06x
RII	2.77x
Employee	1.18x
Total	1.91x

Benara Bearings IPO Prospectus

› Benara Bearings IPO RHP

Benara Bearings IPO Rating

3.1

Rating:

Vote Here ...

Benara Bearings IPO Listing Date

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

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

Dilip Davda - Other

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 Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Benara Bearings IPO FAQs

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 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.
When Benara Bearings IPO will open?

The Benara Bearings IPO opens on Mar 20, 2018 and closes on Mar 22, 2018.
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.
How to apply for Benara Bearings IPO?

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.
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.
When is Benara Bearings IPO listing date?

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

Benara Bearings IPO Message Board

Ranked Members

58. Sinewave |Apr 3, 2018 10:55

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%)

Load more comments (2 replies)

58.3. traderji |Apr 3, 2018 20:41

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 01:12

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 01:08

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 14:04

IPO Mentor (700+ Posts, 200+ Likes)

Now Penta leadmanager flop

55. IPOANALYSIS |Apr 3, 2018 10:57

IPO Guru (1700+ Posts, 1300+ 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

Load more comments (3 replies)

55.4. IPOANALYSIS |Apr 3, 2018 12:45

IPO Guru (1700+ Posts, 1300+ 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 13:32

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

IPO Guru (1700+ Posts, 1300+ 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

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

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

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

IPO Mentor (500+ Posts, 300+ Likes)

Wonderful support By Pantomath.

Nice LM

51.2. Sinewave |Apr 3, 2018 10:38

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

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

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

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

IPO Mentor (500+ Posts, 300+ Likes)

Current Indicative price: 64

47.1. Sinewave |Apr 3, 2018 10:15

IPO Mentor (500+ Posts, 300+ Likes)

Enough support from LM

47.2. Sinewave |Apr 3, 2018 10:17

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 01:32

IPO Guru (1700+ Posts, 1300+ 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 22:18

IPO Mentor (500+ Posts, 500+ Likes)

Listing tommorow as per BSE SME SITE

45.1. Sinewave |Apr 2, 2018 23:53

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 22:54

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

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

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 16:29

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 21:17

IPO Guru (1700+ Posts, 1300+ 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 23:05

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 23:50

Sinewave gmp 6/7 which city?

40. SRN |Mar 30, 2018 20:41

Any subject to rates for benara.

40.1. Sinewave |Mar 30, 2018 23:14

IPO Mentor (500+ Posts, 300+ Likes)

6/7 rupees

39. Sourabh jain |Mar 30, 2018 16:35

Sir any view over lien which is still not removed

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