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 Promoters:

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

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

IPO Opening DateMar 18, 2016
IPO Closing DateMar 22, 2016
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹40 to ₹45 per equity share
Market Lot300 Shares
Min Order Quantity300 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹70.00 Cr)

Bharat Wire Ropes IPO Lot Size

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).

ApplicationLotsSharesAmount (Cut-off)
Minimum1300₹13,500
Maximum144200₹189,000

Bharat Wire Ropes IPO Subscription Status (Bidding Detail)

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)

CategoryIPO Subscription
QIB

1.01x

NII

2.02x

RII

2.08x

Employee

0.10x

Total

1.21x

Bharat Wire Ropes IPO Prospectus

Bharat Wire Ropes IPO Rating

168
3.0
Rating:Rated 3.0 stars

Vote Here ...

Bharat Wire Ropes IPO Listing Date

Listing DateFriday, April 1, 2016
BSE Script Code539799
NSE SymbolBHARATWIRE
Listing In
ISININE316L01019
IPO Price₹45 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹45.00
₹47.35
₹45.00
₹47.50
₹45.40
1,696,605
NSE
₹45.00
₹47.25
₹44.90
₹47.25
₹45.55
4,470,641

Bharat Wire Ropes IPO Reviews / Ratings

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

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: bwr.ipo@karvy.com
Website: https://karisma.kfintech.com/

Bharat Wire Ropes IPO FAQs

  1. What is Bharat Wire Ropes IPO?

    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.

  2. When Bharat Wire Ropes IPO will open?

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

  3. What is the lot size of Bharat Wire Ropes IPO?

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

  4. How to apply for Bharat Wire Ropes IPO?

    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.

  5. When Bharat Wire Ropes IPO allotment?

    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.

  6. When is Bharat Wire Ropes IPO listing date?

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

Bharat Wire Ropes IPO Message Board

Ranked Members  Ranked Members

Loading...
81. atul |Apr 8, 2016 23:03
Top Contributor Top Contributor (200+ Posts)
Because
80. Shivajee |Apr 8, 2016 19:55
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 |Apr 9, 2016 11:08
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
i suggest using "coz" instead of using becau s e ..
79. Virat Karani |Apr 1, 2016 12:01
Lower circuit.
One more flop show.
78. Virat Karani |Apr 1, 2016 11:13
Its not moving up. Partial up from issue price.
77. Arjun Patel |Apr 1, 2016 11:08
Got this one Right
Septa it lists at 47.25.
77.1. Septa |Apr 1, 2016 12:32
IPO Guru IPO Guru (4000+ Posts, 4500+ 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 |Apr 1, 2016 10:50
Top Contributor Top Contributor (200+ Posts)
What is the listing price
75. Septa |Apr 1, 2016 00:04
IPO Guru IPO Guru (4000+ Posts, 4500+ Likes)
Tomorrow BWR listing best of luck to those who applied....
74. atul |Mar 30, 2016 23:43
Top Contributor Top Contributor (200+ Posts)
Who ever alloted may b in trouble aftet seeing horrifying listing of Hcg.
73. p kamachi |Mar 30, 2016 21:07
i got 300 qty
72. Googly |Mar 30, 2016 19:09
i had applied for two lots and got nothing
72.1. p kamachi |Mar 30, 2016 21:06
i got 300 qty
72.2. p kamachi |Mar 30, 2016 21:06
i got 300 qty
71. Viraj |Mar 30, 2016 15:31
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
45 Price
allotment done
70. average invester |Mar 29, 2016 16:40
BWR allotment price ?
69. Eagleye |Mar 29, 2016 00:38
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
Bharat Wire Ropes:
Listing on 01-Apr-16
68. Viraj |Mar 25, 2016 18:10
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Bwr all game creat at listing time i expected list 50++
67. Eagleye |Mar 22, 2016 23:47
IPO Guru IPO Guru (5700+ Posts, 19000+ 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 |Mar 22, 2016 17:38
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
BWR:

QIB 1.01X
NII 2.02X
RII 1.97X
Total 1.20X
66.1. Rajeev Kumar Singh |Mar 22, 2016 19:25
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 |Mar 22, 2016 17:17
It may list at 50 or around.
64. Eagleye |Mar 22, 2016 16:56
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
QIB 1.01X
NII 1.88X
RII 1.90X
Total 1.17X
64.1. Sidhu |Mar 22, 2016 17:20
Poor retailers have to bear the burden again..
63. Septa |Mar 22, 2016 16:54
IPO Guru IPO Guru (4000+ Posts, 4500+ Likes)
the issue has sailed through.....
62. Eagleye |Mar 22, 2016 16:13
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
Tentative Listing Dates: 01-Apr-16 Bharat Wire Ropes







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