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

March 18, 2016 - March 22, 2016

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.

Bharat Wire Ropes IPO Details

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 Reservation

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 Offered12,468,750 (71.25%)
NII (HNI) Shares Offered2,493,750 (14.25%)
Retail Shares Offered1,662,500 (9.50%)
Employee Shares Offered875,000 (5.00%)
Total Shares Offered17,500,000 (100%)

Bharat Wire Ropes IPO Lot Size

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

About Bharat Wire Ropes Ltd

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


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 (Bharat Wire Ropes IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  

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)

Bharat Wire Ropes IPO Prospectus

Bharat Wire Ropes IPO Rating

Rating:Rated 3.0 stars
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Bharat Wire Ropes IPO Listing Details

Listing Date April 1, 2016
BSE Script Code 539799
ISIN INE316L01019
Final Issue Price ₹45 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Bharat Wire Ropes IPO Contact Details

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://kosmic.kfintech.com/ipostatus/

Bharat Wire Ropes IPO - Buy or Not

Bharat Wire Ropes IPO Recommendation Summary

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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 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.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



81. atul |   Link |Apr 8, 2016 10:03:29 PM (200+ Posts)
80. Shivajee |   Link |Apr 8, 2016 6:55:22 PM (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 (6600+ Posts, 21800+ 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 (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 (200+ Posts)
What is the listing price
75. Septa |   Link |Mar 31, 2016 11:04:13 PM (4000+ Posts, 4600+ Likes)
Tomorrow BWR listing best of luck to those who applied....
74. atul |   Link |Mar 30, 2016 10:43:00 PM (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, 1100+ 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 (6600+ Posts, 21800+ 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, 1100+ 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 (6600+ Posts, 21800+ 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 (6600+ Posts, 21800+ Likes)

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 (6600+ Posts, 21800+ 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 (4000+ Posts, 4600+ Likes)
the issue has sailed through.....
62. Eagleye |   Link |Mar 22, 2016 3:13:16 PM
IPO Guru IPO Guru (6600+ Posts, 21800+ Likes)
Tentative Listing Dates: 01-Apr-16 Bharat Wire Ropes