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Incorporated in 2012, Newever Trade Wings Ltd is currently engaged in the business of trading of iron & steel and other commodities. They are a multiproduct Iron & Steel trading company with a diverse product portfolio. They are also in the process of adding the agri-products, mainly various pulses, maize and barley etc. in their trading products portfolio.
The current portfolio of iron & steel products currently being traded by Company includes the following:
1. GI Wire
2. MS Angle
3. MS Round Cutting
4. Pig Iron
5. Steel Forge Bar
6. TMT Bar
Company's customer base include CMG Ductiles Limited, Ranisati Metal Industries, S.G. Strips Limited and TIF (Castings) Limited.
The objects of the Issue are:
1. Augmenting long term working capital and
2. Meeting Public Issue Expenses
| Newever Trade Wings IPO Date | Sep 30, 2013 to Oct 3, 2013 |
| Newever Trade Wings IPO Face Value | ₹10 per share |
| Newever Trade Wings IPO Price | ₹10 per share |
| Newever Trade Wings IPO Lot Size | 10000 Shares |
| Issue Size | 6,320,000 shares of ₹10 (aggregating up to ₹6.32 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The Promoter of the Company is: 1. Dunhil Healthcare Private Limited |
The Newever Trade Wings IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
Even though issue is at par, considering entry barrier, one should avoid it.
Read detail review...
| Listing Date | Thursday, October 17, 2013 |
| BSE Script Code | 536644 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE596O01010 |
| IPO Price | ₹10 per share |
| Face Value | ₹10 per share |
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Newever Trade Wings Ltd
238B, A. J. C. Bose Road,
Unit 4B, Fourth Floor,
Kolkata - 700 020, West Bengal
Phone: +91 33 6501 6503
Email: info@newever.in
Website: http://www.newever.in
Sharepro Services Private Limited
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website: http://
Newever Trade Wings IPO is a SME IPO of 6,320,000 equity shares of the face value of ₹10 aggregating up to ₹6.32 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Sep 30, 2013, and closes on Oct 3, 2013.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Newever Trade Wings IPO opens on Sep 30, 2013 and closes on Oct 3, 2013.
Newever Trade Wings IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in Newever Trade Wings 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 Newever Trade Wings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Newever Trade Wings IPO allotment status.
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Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews