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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
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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
| 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. |
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 |
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 | 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 |
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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/
KFin Technologies Limited
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 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.
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