Bonlon Industries Ltd IPO (Bonlon Industries IPO) Detail

Jun 30, 2020 - Jul 3, 2020

Incorporated in 1997, Delhi-based Bonlon Industries Ltd is engaged in manufacturing, trading, and marketing of copper rods and bars. They manufacture products for various industries including electrical, construction, transport, and automobile.

The company manufactures products in different specifications and sizes as per the client's requirement. With the amalgamation with three companies of the Bonlon group, the area of operations of Bonlon Industries is extended in the manufacturing of metal, hotel business, and civil construction.

The manufacturing unit of Bonlon Industries is located at Plot No. G-1-663, RIICO Industrial Area, Bhiwadi, Alwar- 301019, Rajasthan. The hotel of the company is the 'Hotel Bonlon Inn' located in Karol Bagh.

Competitive Strengths

1. Focus on quality product and services
2. Presence at the prime location
3. Online presence for hotel booking

Company Promoters:

Mr. Arun Kumar Jain is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (₹ in Lakh)
	31-Dec-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	15,064.41	6,303.67	3,913.15	4,781.66
Total Revenue	18,699.12	21,744.31	24,313.49	23,881.15
Profit After Tax	1,387.55	282.32	27.78	(122.53)

Objects of the Issue:

The objects of the Issue are:

1. To meet the working capital requirements of the Company;
2. To meet Issue Expenses;

Bonlon Industries IPO Details

IPO Date	Jun 30, 2020 - Jul 3, 2020
Issue Type	Fixed Price Issue IPO
Issue Size	3,756,000 Eq Shares of ₹10 (aggregating up to ₹10.52 Cr)
Face Value	₹10 per equity share
IPO Price	₹28 per equity share
Market Lot	4000 Shares
Min Order Quantity	4000 Shares
Listing At	BSE SME
P/E (x)	7.39
Market Cap (₹ Cr.)	39.71

Bonlon Industries IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	4000	₹112,000
Maximum	1	4000	₹112,000

Bonlon Industries IPO Promoter Holding

Pre Issue Share Holding	98.92%
Post Issue Share Holding	72.44%

Bonlon Industries IPO Subscription Status (Bidding Detail)

Bonlon Industries IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	1,784,000	1,784,000	3,568,000
Jul 3, 2020 18:49	2.51x	0.21x	1.36x

Bonlon Industries IPO Prospectus

› Bonlon Industries IPO DRHP
› Bonlon Industries IPO RHP

Bonlon Industries IPO Rating

2.3

Rating:

Vote Here ...

Bonlon Industries IPO Listing Date

Listing Date	Monday, July 13, 2020
BSE Script Code	543211
NSE Symbol
Listing In	MT
ISIN	INE0B9A01018
IPO Price	₹28 per equity share
Face Value	₹10 per equity share

Bonlon Industries IPO Reviews / Ratings

Dilip Davda - Avoid

Company Contact Information

Bonlon Industries Ltd
7A/39 (12- First Floor),
WEA Channa Market,
Karol Bagh, New Delhi- 110005

Phone: 011 47532792
Email: info@bonlonindustries.com
Website: http://bonlonindustries.com/

Bonlon Industries IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Bonlon Industries IPO Lead Manager(s)

Sarthi Capital Advisors Private Limited

Lead Manager Reports

Bonlon Industries IPO FAQs

What is Bonlon Industries IPO?

Bonlon Industries IPO is a SME IPO of 3,756,000 equity shares of the face value of ₹10 aggregating up to ₹10.52 Crores. The issue is priced at ₹28 per equity share. The minimum order quantity is 4000 Shares.

The IPO opens on Jun 30, 2020, and closes on Jul 3, 2020.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
How to apply in Bonlon Industries IPO through Zerodha?
Zerodha customers can apply online in Bonlon Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Bonlon Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bonlon Industries IPO through Zerodha
1. Visit the Zerodha website and login to Console.
2. Go to Portfolio and click the IPOs link.
3. Go to the 'Bonlon Industries IPO' row and click the 'Bid' button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When Bonlon Industries IPO will open?

The Bonlon Industries IPO opens on Jun 30, 2020 and closes on Jul 3, 2020.
What is the lot size of Bonlon Industries IPO?

Bonlon Industries IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
How to apply for Bonlon Industries IPO?

You can apply in Bonlon Industries 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, ICICI Bank, HDFC Bank and SBI Bank.
When Bonlon Industries IPO allotment?

The finalization of Basis of Allotment for Bonlon Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bonlon Industries IPO allotment status.
When is Bonlon Industries IPO listing date?

The Bonlon Industries IPO listing date is on Monday, July 13, 2020.

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Find Bonlon Industries IPO Latest Update

Useful Articles

Bonlon Industries IPO Review / Comments

22. PRAFULDURAI Jul 13, 2020 22:36

In current scenario SME seems to be danger

21. RAJAKUMAR Jun 28, 2020 12:57

IPO Guru (1300+ Posts, 900+ Likes)

It is only concern is Delhi based company

21.1. Vinshah Jul 13, 2020 12:59

You are right...Delhi based company concern is there 👎

20. AhireR Jul 3, 2020 15:26

2 |

Top Contributor (400+ Posts, 600+ Likes)

Applied for 2 lots...

Load more comments (1 replies)

20.2. AhireR Jul 13, 2020 10:20

Top Contributor (400+ Posts, 600+ Likes)

Not sold yet..any suggestion?

20.3. Small Investor Jul 13, 2020 11:15

IPO Guru (1300+ Posts, 700+ Likes)

आखिर क्या कारण हे की इस स्टॉक को 7 रूपए निचे खोला हे, रेटिलर्स ने तो अप्लाई किया नहीं हे इसमें ,हो सकता हे ये कोई ऑपरेटर गेम हो
ध्यान देने बात की ये कम्पनी बीसीपावर कण्ट्रोल वालो की ही हे
सतर्क रहे सावधान रहे sme ipos se

19. papon Jul 13, 2020 09:50

Top Contributor (200+ Posts, 300+ Likes)

Those who sold at 21 will never look back in sme. So cowardly sold. One should not come to market if you don't that good patience or if you panic

19.1. Small Investor Jul 13, 2020 09:58

IPO Guru (1300+ Posts, 700+ Likes)

ANOTHER MARSHAL MACHINE

18. Small Investor Jul 13, 2020 09:45

IPO Guru (1300+ Posts, 700+ Likes)

Bonlon list @ 21

17. PRAFULDURAI Jul 13, 2020 06:49

Billwin Cmp is Rs 52.

16. RAJAKUMAR Jun 28, 2020 12:56

IPO Guru (1300+ Posts, 900+ Likes)

Book Value is Rs.40 after the issue against issue price is 28

Load more comments (3 replies)

16.4. RAJAKUMAR Jul 12, 2020 10:45

1 |

IPO Guru (1300+ Posts, 900+ Likes)

Dear Vinod
Flat opening
Nobody can tell how it will list All are guess work
If operator involves, total 89 lots applied in retail category
All retail stocks observed then it will shoot up. Otherwise flat and will go down like other SME stocks

16.5. RAJAKUMAR Jul 12, 2020 10:47

2 |

IPO Guru (1300+ Posts, 900+ Likes)

Dear Vinod
See Billwin flat listing
Present rate 52 against issue price of 37 is the best example

15. GANESAN Jul 7, 2020 17:30

Admin Sir,
Any Idea about listing Date

15.1. Darsh ipo Jul 10, 2020 00:25

1 |

13th July...Monday...

14. PRAFULDURAI Jul 9, 2020 07:44

Tnpl declared Rs 6 per share

13. PRAFULDURAI Jul 7, 2020 17:54

T1npl. 531426

https://m.bseindia.com/StockReach.aspx?scripcd=531426

12. PRAFULDURAI Jul 6, 2020 09:47

Listing Date please

11. Eagleye Jul 3, 2020 14:42

IPO Guru (5000+ Posts, 17500+ Likes)

Rossari Biotech IPO – Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.2.95 (Page #90 of DRHP)
EPS for FY17-18 >>> Rs.5.25 (Page #90 of DRHP)
EPS for FY18-19 >>> Rs.9.44 (Page #90 of DRHP)
EPS for H119-20 >>> Rs.6.59 (Page #90 of DRHP)

RoNW for FY16-17 >>> 23.05% (Page #90 of DRHP)
RoNW for FY17-18 >>> 34.08% (Page #90 of DRHP)
RoNW for FY18-19 >>> 43.32% (Page #90 of DRHP)
RoNW for H119-20 >>> 46.09% (Page #90 of DRHP)

NAV as on September 30, 2019 was Rs.31.61 (Page #90 of DRHP)

Listed Industry Peer Group (Page #91 of DRHP):
Aarti Industries, Vinati Organics, Atul, Galaxy Surfactants, Fine Organics Industries

10. GANESAN Jul 3, 2020 12:33

1 |

Admin Sir,
Please update subscription Status of this IPO.

10.1. Vinod Subramaniam Jul 3, 2020 14:37

1 |

Below is subscription details at 2:31 PM.
      Shares Offered Shares Applied
NII      17,84,000       32,92,000
RII      17,84,000       1,72,000

10.2. Vinod Subramaniam Jul 3, 2020 14:42

2 |

For Subscription Details
https://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_FPO.aspx?Scripcode=5177

9. Eagleye Jul 3, 2020 14:15

IPO Guru (5000+ Posts, 17500+ Likes)

Rossari Biotech IPO – Schedule *(Tentative)*

08th July – Announcement of Price Band
10th July – Anchor Investors Allotment
13th July – Offer Opens
15th July – Offer Closes
20th July – Finalisation of Basis of Allotment
21st July – Unblocking of ASBA Accounts
22nd July – Credit of Equity Shares to Depository Accounts
23rd July – Commencement of Trading on NSE/BSE

8. PRAFULDURAI Jul 3, 2020 11:24

Security Code      511066
Company      SAKTHI FINANCE LTD.
Exchange Received Time      25/06/2020 15:31:24
Exchange Disseminated Time      25/06/2020 15:31:28
Time Taken      00:00:04

      Board Meeting Intimation for Considering And Approving Audited Financial Results For The Year Ended 31St March 2020 And Recommendation Of Dividend, If Any | 6/25/2020 3:31:24 PM
      SAKTHI FINANCE LTD.has informed BSE that the meeting of the Board of Directors of the Company is l
b. To recommend dividend on equity shares, if any

7. PRAFULDURAI Jul 3, 2020 11:23

Any idea about Listing date

6. Vinod Subramaniam Jul 2, 2020 17:33

I am not able to apply using HDFC Securities. Is anyone facing this issue?

Error: Cut-Off Time is less then current time.

Load more comments (1 replies)

6.2. PRAFULDURAI Jul 2, 2020 18:16

1 |

NII figure is not attractive to apply so dar

6.3. Vinod Subramaniam Jul 3, 2020 05:03

HDFC securities is working now. and can apply in IPO. @rajakumar are you applying in this?

5. PRAFULDURAI Jun 30, 2020 17:44

Listing date please

4. VinShah Jun 30, 2020 12:07

Admin ji, please Update subscription of Bonlon to Latest here 👍...

3. LatestNews Jun 29, 2020 16:43

1 |

Hi,
I was looking at the following company and the results at consolidated levels looks very very interesting. Also, its products released on plastore and IOS have rave reviews. If any seniors can guide if this is investment worthy would be helpful.

Company - Innovana Thinklabs
2020 2019 (In Crores)
Revenues - 67.43 46.61
Profits - 21.03 10.90
EPS - 20.52 10.63

Balance Sheet Items
Cash on hand - 39.42 cr
Trade Payables - 16.36cr (Why is this so high for an IT company is what worries me?)
Other Current Liabilities - 49.01 cr(Again why so high liabilities??)
Dividend - 0 (Another negative zero dividend cash rich but no money sharing with shareholders).

Background of company:
It is an Information Technology company with operations in a number of countries. It has a number of security products for companies and individuals by the name of ITL Security but don't think at least at a personal level they have any great reviews. Don't know about company level data for ITL security products.

But what I like is some of its products from its subsidiary Innovana Techlabs and Innovana Games have rave reviews and downloads of 50K to 100K.

Innovana Techlabs on Android:
1. Tarot card reading - 100K downloads and 4.6 star.
2. Janam Kundli - 50K downloads and 4.1 star
3. FlashScan similar to Cam scanner - 10K downloads and 4.7 star.
All these products have been launched recently from the reviews date I checked. I have not checked the downloads on IOS. Tarot Card reading and Janam kundli are paid apps.

Innovana Games on Android:
1. Beat Snakes - 100K downloads and 4.8 star
2. The Jumpers - 1k downloads and 4.9 star.

Also it does some VC investments into companies like:
1. FLEECA - Tyre service provider
2. ALBJ Green Power
3. FRESHOKARTZ - Agri related where it connects farmers and traders and boasts of clients like UPL, ITC, Reliance MART, IFFCO, etc..

The bottomline for the past 6 months results have been much higher because of the contribution by the subsidaries from the recents results. So the subsidaries and VC investments is ticking and it can balloon to the next level with the kind of product launches it is doing.

There is very little available about the standalone operations of the company. If someone can dig deeper it seems like a no brainer at a market cap of about 80 cr.

It seems like a micro cap with extreme potential if some of the seniors can throw more light on it.

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