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BEW Engineering IPO is a fixed price issue of Rs 3.97 crores. The issue is entirely a fresh issue of 6.84 lakh shares.
BEW Engineering IPO bidding started from September 2, 2021 and ended on September 7, 2021. The allotment for BEW Engineering IPO was finalized on Monday, September 13, 2021. The shares got listed on NSE SME on September 16, 2021.
BEW Engineering IPO price is ₹58 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹116,000.
First Overseas Capital Limited is the book running lead manager of the BEW Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to BEW Engineering IPO RHP for detailed information.
| IPO Date | September 2, 2021 to September 7, 2021 |
| Listing Date | September 16, 2021 |
| Face Value | ₹10 per share |
| Price | ₹58 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 684,000 shares (aggregating up to ₹3.97 Cr) |
| Fresh Issue | 684,000 shares (aggregating up to ₹3.97 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 36,000 shares |
BEW Engineering IPO offers 684,000 shares. 324,000 (47.37%) to NII, 324,000 (47.37%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 36,000 (5.26%) |
| Other Shares Offered | 324,000 (47.37%) |
| Retail Shares Offered | 324,000 (47.37%) |
| Total Shares Offered | 684,000 (100%) |
BEW Engineering IPO opens on September 2, 2021, and closes on September 7, 2021.
| IPO Open Date | Thursday, September 2, 2021 |
| IPO Close Date | Tuesday, September 7, 2021 |
| Basis of Allotment | Monday, September 13, 2021 |
| Initiation of Refunds | Tuesday, September 14, 2021 |
| Credit of Shares to Demat | Wednesday, September 15, 2021 |
| Listing Date | Thursday, September 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 7, 2021 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| Lot Size Calculator | |||
Prakash Bhalchandra Lade and Rohan Prakash Lade are the company promoters.
| Share Holding Pre Issue | 82.40% |
| Share Holding Post Issue | 60.56% |
Incorporated in 2011, BEW Engineering is engaged in the design and manufacturing of filters and dryers for the Chemicals Industry comprising of Pharmaceuticals – API, Agro Chemicals, and Specialty Chemicals. The company's product portfolio includes a range of filtration, mixing and drying equipment, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Argo Chemicals, Pesticides, Insecticides, Dyes and Food Products.
Top states contributing to the company’s revenue are Maharashtra, Andhra Pradesh, Gujarat, Telangana & Karnataka.
Competitive strengths
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 7,254.08 | 6,032.61 | 5,089.57 | ||
| Total Revenue | 7,354.59 | 6,771.01 | 6,384.53 | ||
| Profit After Tax | 286.53 | 65.88 | 70.57 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] Though the prima facie issue appears lucratively priced, its alarming level of borrowings and the sustainability of its profitability going forward raised concern. Even the equity base post IPO is too small and it will take a pretty long time to migrate to the mainboard. Considering all these, risk seekers cash surplus investors may consider investing for the long term. Read detail review...
The BEW Engineering IPO is subscribed 21.65 times on September 7, 2021 5:00:00 PM. The public issue subscribed 24.79 times in the retail category, times in the QIB category, and 18.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 18.51 |
| Retail | 24.79 |
| Total | 21.65 |
| Listing Date | September 16, 2021 |
| BSE Script Code | |
| NSE Symbol | BEWLTD |
| ISIN | INE0HQI01014 |
| Final Issue Price | ₹58 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹58.00 |
| ₹127.60 |
| ₹127.60 |
| ₹133.95 |
| ₹133.95 |
BEW Engineering Limited
FE-10 MIDC Phase No. II
Manpada Road, Dombivali (East)
Maharashtra 421 204
Phone: +91 251 287 3338
Email: cs@bewltd.com
Website: http://www.bewltd.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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BEW Engineering IPO is a SME IPO of 684,000 equity shares of the face value of ₹10 aggregating up to ₹3.97 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 2, 2021, and closes on September 7, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in BEW Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in BEW Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BEW Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BEW Engineering IPO opens on September 2, 2021 and closes on September 7, 2021.
BEW Engineering IPO lot size is 2000 Shares, and the minimum amount required is ₹116,000.
You can apply in BEW Engineering 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for BEW Engineering IPO will be done on Monday, September 13, 2021, and the allotted shares will be credited to your demat account by Wednesday, September 15, 2021. Check the BEW Engineering IPO allotment status.
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