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BEW Engineering Limited IPO (BEW Engineering IPO) Detail

Sep 2, 2021 - Sep 7, 2021

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

  • Three decades of market presence contributing to strong brand value and loyal customers.
  • Cost-effective, high-quality equipment manufacturing with certification from ASME U & R stamp.
  • Strong and experienced leadership.
  • Efficient sales support teams catering to key customers across the country.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

The net proceed from the IPO will be utilized towards the following purposes;

  • Meeting additional Working Capital Requirements, and
  • General Corporate purpose.

BEW Engineering IPO Details

BEW Engineering IPO Date Sep 2, 2021 to Sep 7, 2021
BEW Engineering IPO Face Value ₹10 per share
BEW Engineering IPO Price ₹58 per share
BEW Engineering IPO Lot Size 2000 Shares
Issue Size684,000 shares of ₹10
(aggregating up to ₹3.97 Cr)
Fresh Issue684,000 shares of ₹10
(aggregating up to ₹3.97 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Prakash Bhalchandra Lade and Rohan Prakash Lade are the company promoters.

BEW Engineering IPO Timeline (Tentative Timetable)

BEW Engineering IPO opens on Sep 2, 2021, and closes on Sep 7, 2021. The BEW Engineering IPO bid date is from Sep 2, 2021 10.00 A.M. to Sep 7, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
BEW Engineering IPO Opening Date Sep 2, 2021
BEW Engineering IPO Closing Date Sep 7, 2021
Basis of Allotment Sep 13, 2021
Initiation of Refunds Sep 14, 2021
Credit of Shares to Demat Sep 15, 2021
BEW Engineering IPO Listing Date Sep 16, 2021

BEW Engineering IPO Lot Size

The BEW Engineering IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹116,000
Retail (Max) 1 2000 ₹116,000

BEW Engineering IPO Promoter Holding

Pre Issue Share Holding 82.40%
Post Issue Share Holding 60.56%

BEW Engineering IPO Review

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...


BEW Engineering IPO Subscription Status (Bidding Detail)

The BEW Engineering IPO is subscribed 21.65 times on Sep 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)

CategorySubscription (times)
NII18.51
Retail24.79
Total21.65

BEW Engineering IPO Prospectus

BEW Engineering IPO Rating

97
3.6
Rating:Rated 3.6 stars
Vote Here ...

BEW Engineering IPO Listing Date

Listing Date Thursday, September 16, 2021
BSE Script Code
NSE Symbol BEWLTD
Listing In ST Group of Securities
ISIN INE0HQI01014
IPO Price ₹58 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹58.00
Open: ₹127.60
Low: ₹127.60
High: ₹133.95
Last Trade: ₹133.95

Company Contact Information

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/

BEW Engineering IPO Registrar

Bigshare Services Pvt Ltd

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

BEW Engineering IPO Review

BEW Engineering IPO Recommendation Summary

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Members 0 0 0

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BEW Engineering IPO FAQs

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 Sep 2, 2021, and closes on Sep 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'BEW Engineering IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The BEW Engineering IPO opens on Sep 2, 2021 and closes on Sep 7, 2021.

BEW Engineering IPO lot size is 2000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for BEW Engineering IPO will be done on Sep 13, 2021, and the allotted shares will be credited to your demat account by Sep 15, 2021. Check the BEW Engineering IPO allotment status.

The BEW Engineering IPO listing date is on Thursday, September 16, 2021.
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BEW Engineering IPO Message Board

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34 Comments

18. Amit Jaipur |   Link |Oct 14, 2021 12:26:09 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
BEW performing super se bhi upar.
17. Avenue |   Link |Oct 1, 2021 2:30:44 PM
Bad Timing !!! That is also a reason for so low subscription figures.
Tomorrow is Dry Day (2nd Oct.) and invertors are busy is making preparation for long weekend.
17.2. Avenue |   Link |Oct 7, 2021 12:36:06 PM
Oops ! I am sorry, the message actually was for Aditya Birla AMC IPO.
message got mixed up here.
17.3. lokes |   Link |Oct 7, 2021 12:48:13 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@avenue: ya fine.
This BEW eng is on fire anyways ;)
16. Amit Jaipur |   Link |Oct 5, 2021 12:10:10 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
One of the best smes ipo which gave handsome listing gain & still going on n on. Superb...
15. IPOANALYSIS |   Link |Sep 16, 2021 10:32:05 AM
Listing is good but allotment is fishy. Hardly anyone got allotment. Some insiders allotment process happen
15.3. traderji |   Link |Sep 16, 2021 6:38:15 PM
@CLD have you apply in NII category 5 lot from single demat account?
15.4. CLD |   Link |Sep 17, 2021 1:05:07 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
I had filed 5 applications with different PAN & DP in family names & got one allotment.
14. Tjmn |   Link |Sep 16, 2021 12:52:00 PM
Hi guys,

how does HNI alltoment work in SME IPOs? Is it the same logic as Mainboard IPOs?

Ex, 20X subscription means, we have to apply for 20 lots (20 * 2000 shares) for one lot confirm allotment?

Thanks in advance.
13. traderji |   Link |Sep 16, 2021 10:06:53 AM
what a listing
12. Apex |   Link |Sep 14, 2021 8:42:29 PM
20 rs strong buyer in BEW
11. High Flyer |   Link |Sep 14, 2021 4:03:34 PM
How come Bew management selected worst LM may be LM worked for free of cost. Sector is Good, v v low Equity, In this boom market BEW needs only Rs 4 Crs, Promoters eqt cost works out to Rs 25 per share, Products also good. Website and Presentation good. Let''s see valuation on listing on 16th Sept 2021
10. High Flyer |   Link |Sep 14, 2021 3:58:31 PM
Every wastage is profit to any company if you realise the same. LM is waste, Sector is good that is why LM paid fee by the Company very low. Machinery suppliers and manufacturers to Chemical Industry/Pharma too. Let''s wait for the success
9. High Flyer |   Link |Sep 14, 2021 3:56:26 PM
Just now my banker debited Rs 116000 in my a/c and received intimation from nsdl allotment of 1 lot by God Grace. This is the first time after a gap of 39 months I got allotment after Ganesh Remedies.
8. Unisal |   Link |Sep 13, 2021 9:05:04 PM
Not alloted
8.1. traderji |   Link |Sep 14, 2021 10:26:11 AM
now this happen in all ipo ..... on time service never happen with registrar company
we have to check from bank account only
7. Anari Investor |   Link |Sep 7, 2021 4:18:21 PM
Everyone is posting negative comments as the LM don''t have good track record in the investor''s eyes. Enen though ended with good subscription figures. It can surprise on listing day. THIS IS MY FIRST COMMENT IN THIS FORUM. Please ignore if you don''t like.
7.1. IPOANALYSIS |   Link |Sep 7, 2021 4:39:02 PM
LM is bad but sector is good. Let''s see how it performs. All the best to allotees though
7.2. Anari Investor |   Link |Sep 7, 2021 5:08:14 PM
Thanks IPOANALYSIS (IPO Guru) for your comments. It means the listing does not matter much, the long run story would be good. However it all depends on the working of the promotors.
6. MintIndian |   Link |Sep 7, 2021 3:52:43 PM
Good subscription figures ! People seem interested in this one. Listing may be good.
5. Jaipur investor of IPOs |   Link |Sep 2, 2021 4:24:48 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
sab kuch sahi h is company m but LM Worst h so first looks its for skip
5.1. MintIndian |   Link |Sep 3, 2021 4:30:02 PM
True, had it been another LM, Would have applied. Skipping it, not taking any risk. Risk takers may apply, it may reward in long term.
5.2. Savan Javia |   Link |Sep 5, 2021 4:09:45 PM
LM means lead manager?

Sorry, I am newbie in SME ipo so...
4. SONAMsumit |   Link |Aug 27, 2021 6:26:18 AM
buy eki share ...eki energy
3. IPOANALYSIS |   Link |Aug 26, 2021 5:33:50 PM
Does anyone know first overseas has a unique distinction of having 25 out of 27 issues ruling much below issue price . This should go in guiness book of world records. For me First overseas should never be allowed to give another chance . If anyone is applying in its issue then he is the biggest fool in the whole world
2. Mudit |   Link |Aug 25, 2021 9:51:06 PM
Issue looks good. Fundamental is strong. Sector is also good.
2.2. SUVER |   Link |Aug 26, 2021 1:44:46 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Ok
2.3. ReTel Investor |   Link |Aug 26, 2021 2:07:28 PM
Dear Sir,

On what parameters, issue looks good? Can you explain. Sector is good. But company profit is just Rs.38.90 Lakh from the Revenue of Rs.42.5127 Cr.

Is this strong operation for Company of good sector?
1. DownriteVJ |   Link |Aug 26, 2021 10:55:09 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Looks like this is to be skipped.
1.1. IPOANALYSIS |   Link |Aug 26, 2021 1:22:55 PM
Worst lead manager ever in history of stock market is FIrst Overseas