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
The Promoters of the Company are Mr. Murarilal Ramsukh Mittal; Mrs. Usha Mittal; Mr. Manan Mittal and Gaji Mercantile Private Limited.
|
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
| IPO Opening Date | Mar 18, 2016 |
| IPO Closing Date | Mar 22, 2016 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 to ₹45 per equity share |
| Market Lot | 300 Shares |
| Min Order Quantity | 300 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹70.00 Cr) |
The Bharat Wire Ropes IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 300 | ₹13,500 |
| Maximum | 14 | 4200 | ₹189,000 |
The Bharat Wire Ropes IPO is subscribed 1.21x times on Mar 22, 2016 17:00. The public issue subscribed 2.08x in the retail category, 1.01x in the QIB category, and 2.02x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 1.01x |
| NII | 2.02x |
| RII | 2.08x |
| Employee | 0.10x |
| Total | 1.21x |
| Listing Date | Friday, April 1, 2016 |
| BSE Script Code | 539799 |
| NSE Symbol | BHARATWIRE |
| Listing In | |
| ISIN | INE316L01019 |
| IPO Price | ₹45 per equity share |
| Face Value | ₹10 per equity share |
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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/
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: bwr.ipo@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 300 Shares.
The IPO opens on Mar 18, 2016, and closes on Mar 22, 2016.
KFintech Private 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 300 Shares.
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.
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