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Newever Trade Wings Ltd IPO (Newever Trade Wings IPO) Detail

September 30, 2013 - October 3, 2013

Newever Trade Wings IPO is a fixed price issue of Rs 6.32 crores.

Newever Trade Wings IPO bidding started from September 30, 2013 and ended on October 3, 2013. The shares got listed on BSE SME on October 17, 2013.

Newever Trade Wings IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.

Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Newever Trade Wings IPO, while Sharepro Services Private Limited is the registrar for the issue.

Refer to Newever Trade Wings IPO RHP for detailed information.

Newever Trade Wings IPO Details

IPO Date September 30, 2013 to October 3, 2013
Listing Date October 17, 2013
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Total Issue Size6,320,000 shares
(aggregating up to ₹6.32 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Newever Trade Wings IPO Lot Size

Investors can bid for a minimum of 10000 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 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000
Lot Size Calculator

About Newever Trade Wings Ltd

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.

Objects of the Issue (Newever Trade Wings IPO Objectives)

The objects of the Issue are:

1. Augmenting long term working capital and
2. Meeting Public Issue Expenses

Newever Trade Wings IPO Review (Avoid)

[Dilip Davda]  

Even though issue is at par, considering entry barrier, one should avoid it.

Read detail review...

Newever Trade Wings IPO Prospectus

Newever Trade Wings IPO Rating

Rating:Rated 3.3 stars
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Newever Trade Wings IPO Listing Details

Listing Date October 17, 2013
BSE Script Code 536644
NSE Symbol
ISIN INE596O01010
Final Issue Price ₹10 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Newever Trade Wings Ltd Contact Details

Newever Trade Wings Ltd
238B, A. J. C. Bose Road,
Unit 4B, Fourth Floor,
Kolkata - 700 020, West Bengal
Phone: +91 33 6501 6503

Newever Trade Wings IPO Registrar

Sharepro Services Private Limited

Phone: 9999999999

Newever Trade Wings IPO - Buy or Not

Newever Trade Wings IPO Recommendation Summary

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Members 0 0 0

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Newever Trade Wings IPO FAQs

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 September 30, 2013, and closes on October 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 September 30, 2013 and closes on October 3, 2013.

Newever Trade Wings IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.

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, Nuvama, 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.

The Newever Trade Wings IPO listing date is on October 17, 2013.
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Newever Trade Wings IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



1. Dilip Davda |   Link |  Bookmark |October 1, 2013 12:48:14 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
This at par issue also not worth due to entry barrier and gloomy outlook

Dilip Davda
SEBI registered Research Analyst

Read my IPO Reviews