Benara Bearings & Pistons Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

20 Mar 2018

Close Date

22 Mar 2018

Allotment

28 Mar 2018

Listing Date

03 Apr 2018

Exchange

BSE SME

Price Band

₹63

Listing Price

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Allotment Status

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Price Band

₹63

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

53,16,000 shares (aggregating up to ₹33.49 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

1,23,91,288 shares

Promoters

Post-IPO Holding

1,77,07,288 shares

Promoters

UPI Deadline

2018-03-22

Mandate

Anchor AllotmentMon, 19 Mar 2018

Basis of AllotmentWed, 28 Mar 2018

Refund InitiationThu, 29 Mar 2018

Demat CreditThu, 29 Mar 2018

Listing DayTue, 03 Apr 2018

UPI Mandate Deadline2018-03-22

Sale TypeFresh Capital

Net Offer to Public50,44,000 shares (aggregating up to ₹31.78 Cr)

Market Maker Quota2,72,000 shares (aggregating up to ₹1.71 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Benara Bearings & Pistons Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 22 Mar 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	272,000	—	₹1.71
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,316,000	100%	₹33.49

IPO Shares Offered

Benara Bearings & Pistons Ltd. IPO total issue size: ₹33.49 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	272,000	₹1.71	5.12%
Total	5,316,000	₹33.49	100.00%

* Based on upper price band ₹63 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹63.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹252,000
Retail (Max — 13 Lots)	13	26,000	₹1,638,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,764,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,568,000

* Issue Price ₹63 × Lot Size 2,000 shares

IPO Schedule

Anchor

19 Mar 2018

✓ Done

IPO Open

20 Mar 2018

✓ Done

IPO Close

22 Mar 2018

✓ Done

Allotment

28 Mar 2018

✓ Done

Refunds

29 Mar 2018

✓ Done

Demat Credit

29 Mar 2018

✓ Done

Listing Day

03 Apr 2018

✓ Done

₹63.00

INR · BSE

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Issue ₹63.00 Live Price

About Benara Bearings & Pistons Ltd.

Incorporated in 1990, Benara Bearings & Pistons Ltd is an ISO 9001:2015 certified company engaged in the manufacturing of engine bearings, bushes, pistons, piston pin, piston rings, cylinder liners and sleeves and engine valves.They are also in the business of marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, valve seals & batteries (Motorcycle / Inverter / E Rickshaws) under their own brand which they source through third party contract manufacturing. Company markets its product in OEM and Replacement market.Company has two manufacturing facilities, which are situated at Sikandra, Agra ("Unit I") where they manufactures piston pin, piston ring and engine bearing and bushes and other one is at Artoni, Agra-Mathura Road Agra ("Unit II") where they manufactures piston, cylinder block / liner and engine valve. Company's products are well known in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Haryana, Gujarat, Delhi NCR and West Bengal.

Objects of the Issue

1 Expansion of the Company by way of opening retail stores for automobile parts across the country

2 Funding the working capital requirements of the Subsidiary BSPL

3 Funding the working capital requirements of the Company

4 General Corporate Purpose

Benara Bearings & Pistons Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹7,180.6

31-Mar-15

₹8,024.1

31-Mar-16

₹10,437.8

31-Mar-17

Profit After Tax (PAT)

₹46.0

31-Mar-15

₹75.7

31-Mar-16

₹455.4

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	10437.82	8024.05	7180.55
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	455.38	75.68	45.96
Net Worth	N/A	N/A	N/A
Total Assets	6119.03	5151.80	4383.58
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered53,16,000 (100.00%)

Net Offer to Public50,44,000 shares (aggregating up to ₹31.78 Cr)

Reserved for Market Maker2,72,000 shares (aggregating up to ₹1.71 Cr)

Pre-Issue Promoter Holding1,23,91,288 shares

Post-Issue Promoter Holding1,77,07,288 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Benara Bearings & Pistons Ltd. IPO subscribed? ▲

Benara Bearings & Pistons Ltd. IPO is subscribed 1.00 times by Mar 22, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Benara Bearings & Pistons Ltd. IPO retail subscription status? ▼

The Benara Bearings & Pistons Ltd. IPO retail category is subscribed 1.00 times as of 22 Mar 2018. The retail portion is oversubscribed.

How to subscribe Benara Bearings & Pistons Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 20 Mar 2018 and closes 22 Mar 2018. Min investment: ₹126,000 (1 lot = 2,000 shares). UPI mandate: 2018-03-22.

How many times Benara Bearings & Pistons Ltd. IPO subscribed? ▼

The Benara Bearings & Pistons Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Benara Bearings & Pistons Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Mar 2018. Refunds: on 29 Mar 2018.

When Benara Bearings & Pistons Ltd. IPO will be listed? ▼

The Benara Bearings & Pistons Ltd. IPO listing date is 03 Apr 2018, Tuesday. Listed on: BSE SME. Issue price: ₹63. Estimated listing: ₹63. GMP: NIL.

When Benara Bearings & Pistons Ltd. IPO close? ▼

The Benara Bearings & Pistons Ltd. IPO closes on 22 Mar 2018, Thursday. UPI mandate: 2018-03-22. Allotment: 28 Mar 2018. Listing: 03 Apr 2018.

Quick Actions

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Live Price LIVE

Last Price₹63.00

Change—

Issue Price₹63.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹63

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹63

Subscribed1.00x

Open Date20 Mar 2018

Close Date22 Mar 2018

Allotment28 Mar 2018

Listing Date03 Apr 2018

ExchangeBSE SME

UPI Deadline2018-03-22