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Bharat Wire Ropes Ltd IPO (Bharat Wire Ropes IPO) Detail

Mar 18, 2016 - Mar 22, 2016

Incorporated in 1986, Bharat Wire Ropes Ltd (BWR) is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. Company is also engaged in the business of trading of the steel related products.

Company's steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. Company also have a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel its current manufacturing process.

Bharat Wire Ropes ltd is an ISO 9001:2008 certified company for the manufacture and supply of steel wire ropes, stainless steel wire ropes, non-ferrous wire ropes, slings, relevant conductors, wire for specialised applications and rope fittings in domestic and international market.

BWR's Strengths:

1. Experienced management team
2. Diversified product mix
3. Established player in the indian wire rope industry
4. Diversified client base
5. Pan-india customer base
6. Global reach

Company Financials

Particulars

For the year/period ended (in Rs. Million)
31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Liabilities 1,520.40 1,419.56 1,465.12 1,427.99 1,042.64
Total Assets 1,520.40 1,419.56 1,465.12 1,427.99 1,042.64
Total Revenue 767.22 822.95 743.97 770.23 769.95
Profit After Tax (PAT) 19.75 15.03 14.75 21.41 17.75

Objects of the Issue

BWR intend to use the proceeds of the Issue for the following purposes:
1. To set up a proposed project of 66,000 MTPA wire ropes at MIDC Zone, at Chalisgaon, Dist: Jalgaon, Maharashtra
2. To meet General Corporate Expenses ; and
3. To meet Issue Expenses

Bharat Wire Ropes IPO Details

Bharat Wire Ropes IPO Date Mar 18, 2016 to Mar 22, 2016
Bharat Wire Ropes IPO Face Value ₹10 per share
Bharat Wire Ropes IPO Price ₹40 to ₹45 per share
Bharat Wire Ropes IPO Lot Size 300 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹70.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The Promoters of the Company are Mr. Murarilal Ramsukh Mittal; Mrs. Usha Mittal; Mr. Manan Mittal and Gaji Mercantile Private Limited.

Bharat Wire Ropes IPO Lot Size

The Bharat Wire Ropes IPO lot size is 300 shares. A retail-individual investor can apply for up to 14 lots (4200 shares or ₹189,000).

Application Lots Shares Amount
Minimum 1 300 ₹13,500
Maximum 14 4200 ₹189,000

Bharat Wire Ropes IPO Review

Considering aggressive pricing and inconsistency in performance, investors may give this IPO a miss.

Read detail review...


Bharat Wire Ropes IPO Subscription Status (Bidding Detail)

The Bharat Wire Ropes IPO is subscribed 1.21 times on Mar 22, 2016 5:00:00 PM. The public issue subscribed 2.08 times in the retail category, 1.01 times in the QIB category, and 2.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.01
NII2.02
Retail2.08
Employee0.10
Total1.21

Bharat Wire Ropes IPO Prospectus

Bharat Wire Ropes IPO Rating

168
3.0
Rating:Rated 3.0 stars
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Bharat Wire Ropes IPO Listing Date

Listing Date Friday, April 1, 2016
BSE Script Code 539799
NSE Symbol BHARATWIRE
Listing In
ISIN INE316L01019
IPO Price ₹45 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹45.00
₹47.35
₹45.00
₹47.50
₹45.40
NSE
₹45.00
₹47.25
₹44.90
₹47.25
₹45.55

Company Contact Information

Bharat Wire Ropes Ltd
Plot No. 1&4, Atgaon Industrial Complex,
Mumbai-Nasik Highway, Atgaon (East),
TalukaShahpur, Thane 421601
Phone: +91-2527-240123
Email: compliance@bharatwireropes.com
Website: http://bharatwireropes.com/

Bharat Wire Ropes IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: bwr.ipo@karvy.com
Website: https://karisma.kfintech.com/

Bharat Wire Ropes IPO Review

Bharat Wire Ropes IPO Recommendation Summary

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Members 0 0 0

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Bharat Wire Ropes IPO FAQs

Bharat Wire Ropes IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹70.00 Crores. The issue is priced at ₹40 to ₹45 per share. The minimum order quantity is 300 Shares.

The IPO opens on Mar 18, 2016, and closes on Mar 22, 2016.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bharat Wire Ropes IPO opens on Mar 18, 2016 and closes on Mar 22, 2016.

Bharat Wire Ropes IPO lot size is 300 Shares and the minimum order quantity is .

You can apply in Bharat Wire Ropes 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 Bharat Wire Ropes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bharat Wire Ropes IPO allotment status.

The Bharat Wire Ropes IPO listing date is on Friday, April 1, 2016.
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Bharat Wire Ropes IPO Message Board

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134 Comments

81. atul |   Link |Apr 8, 2016 10:03:29 PM
Top Contributor Top Contributor (200+ Posts)
Because
80. Shivajee |   Link |Apr 8, 2016 6:55:22 PM
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
beca = b e c a u s e

whenevr I type this word, it is only coming out as beca
80.1. Eagleye |   Link |Apr 9, 2016 10:08:21 AM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
i suggest using "coz" instead of using becau s e ..
79. Virat Karani |   Link |Apr 1, 2016 11:01:17 AM
Lower circuit.
One more flop show.
78. Virat Karani |   Link |Apr 1, 2016 10:13:55 AM
Its not moving up. Partial up from issue price.
77. Arjun Patel |   Link |Apr 1, 2016 10:08:49 AM
Got this one Right
Septa it lists at 47.25.
77.1. Septa |   Link |Apr 1, 2016 11:32:48 AM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
good on you mate as i said earlier two big wings ramadev and oswal will see that it open in plus however it is dog fundamental IMO
76. atul |   Link |Apr 1, 2016 9:50:47 AM
Top Contributor Top Contributor (200+ Posts)
What is the listing price
75. Septa |   Link |Mar 31, 2016 11:04:13 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
Tomorrow BWR listing best of luck to those who applied....
74. atul |   Link |Mar 30, 2016 10:43:00 PM
Top Contributor Top Contributor (200+ Posts)
Who ever alloted may b in trouble aftet seeing horrifying listing of Hcg.
73. p kamachi |   Link |Mar 30, 2016 8:07:20 PM
i got 300 qty
72. Googly |   Link |Mar 30, 2016 6:09:22 PM
i had applied for two lots and got nothing
72.1. p kamachi |   Link |Mar 30, 2016 8:06:09 PM
i got 300 qty
72.2. p kamachi |   Link |Mar 30, 2016 8:06:11 PM
i got 300 qty
71. Viraj |   Link |Mar 30, 2016 2:31:59 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
45 Price
allotment done
70. average invester |   Link |Mar 29, 2016 3:40:12 PM
BWR allotment price ?
69. Eagleye |   Link |Mar 28, 2016 11:38:24 PM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
Bharat Wire Ropes:
Listing on 01-Apr-16
68. Viraj |   Link |Mar 25, 2016 5:10:07 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
Bwr all game creat at listing time i expected list 50++
67. Eagleye |   Link |Mar 22, 2016 10:47:25 PM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
Bharat Wire Ropes Ltd. :

Final Subscription Figs.
QIB - 1.13×
HNI - 2.27×
RET - 2.33×
EMP - 0.11×
Total - 1.36×

FORMS - 9700
66. Eagleye |   Link |Mar 22, 2016 4:38:22 PM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
BWR:

QIB 1.01X
NII 2.02X
RII 1.97X
Total 1.20X
66.1. Rajeev Kumar Singh |   Link |Mar 22, 2016 6:25:16 PM
Looks interesting seeing the subscription figures which is a balanced one from all 3 types of investors. Might surprise me as there is a possibility it may list on a few Rs premium. Chances r less but it can happen. Let''s see. I have skipped the issue. All the best to retailers who have invested.
65. Arjun Patel |   Link |Mar 22, 2016 4:17:55 PM
It may list at 50 or around.
64. Eagleye |   Link |Mar 22, 2016 3:56:19 PM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
QIB 1.01X
NII 1.88X
RII 1.90X
Total 1.17X
64.1. Sidhu |   Link |Mar 22, 2016 4:20:58 PM
Poor retailers have to bear the burden again..
63. Septa |   Link |Mar 22, 2016 3:54:45 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
the issue has sailed through.....
62. Eagleye |   Link |Mar 22, 2016 3:13:16 PM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
Tentative Listing Dates: 01-Apr-16 Bharat Wire Ropes