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Bharat Wire Ropes IPO is a book built issue of Rs 70.00 crores.
Bharat Wire Ropes IPO bidding started from March 18, 2016 and ended on March 22, 2016. The shares got listed on BSE, NSE on April 1, 2016.
Bharat Wire Ropes IPO price band is set at ₹40 to ₹45 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹13,500.
Bob Capital Markets Limited and Intensive Fiscal Services Private Limited are the book running lead managers of the Bharat Wire Ropes IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Bharat Wire Ropes IPO RHP for detailed information.
| IPO Date | March 18, 2016 to March 22, 2016 |
| Listing Date | April 1, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹45 per share |
| Lot Size | 300 Shares |
| Total Issue Size | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Bharat Wire Ropes IPO a total of 17,500,000 shares are offered. QIB: 12,468,750 (71.25%), RII: 1,662,500 (9.50%), NII: 2,493,750 (14.25%).
| Anchor Investor Shares Offered | - |
| QIB Shares Offered | 12,468,750 (71.25%) |
| NII (HNI) Shares Offered | 2,493,750 (14.25%) |
| Retail Shares Offered | 1,662,500 (9.50%) |
| Employee Shares Offered | 875,000 (5.00%) |
| Total Shares Offered | 17,500,000 (100%) |
Investors can bid for a minimum of 300 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 | 300 | ₹13,500 |
| Retail (Max) | 14 | 4200 | ₹189,000 |
| Lot Size Calculator | |||
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
|
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 |
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
[Dilip Davda]
Considering aggressive pricing and inconsistency in performance, investors may give this IPO a miss.
Read detail review...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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.01 |
| NII | 2.02 |
| Retail | 2.08 |
| Employee | 0.10 |
| Total | 1.21 |
| Listing Date | April 1, 2016 |
| BSE Script Code | 539799 |
| NSE Symbol | BHARATWIRE |
| ISIN | INE316L01019 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwr.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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 March 18, 2016, and closes on March 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 March 18, 2016 and closes on March 22, 2016.
Bharat Wire Ropes IPO lot size is 300 Shares, and the minimum amount required is ₹13,500.
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, Nuvama, 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.
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