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Open
20 Mar 2018
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Close
22 Mar 2018
3
Allotment
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Listing
Tue, Apr 3, 2018
Price Band
₹60 to ₹63
Issue Size
53,16,000 shares (agg. up to ₹33 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Apr 3, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.64x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 70.94 | 61.19 | 51.52 | 43.84 |
| Total Income | 46.14 | 104.38 | 80.24 | 71.81 |
| Profit After Tax | 2.58 | 4.55 | 0.76 | 0.46 |
| NET Worth | 22.60 | 20.01 | 15.46 | 11.70 |
| Reserves and Surplus | 19.50 | 16.92 | 12.36 | 9.20 |
| Total Borrowing | 37.87 | 33.86 | 27.11 | 23.15 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Macpower CNC Machines Ltd. | SME | ₹36.61 Cr | ₹140 | null | ₹162.05 | +15.75% | ₹1,326.70 (-0.59%) |
| ICE Make Refrigeration Ltd. | SME | ₹23.71 Cr | ₹57 | null | ₹68.40 | +20.00% | ₹800.80 (-0.48%) |
| Jash Engineering Ltd. | SME | ₹48.01 Cr | ₹120 | null | ₹144.00 | +20.00% | ₹520.45 (-1.44%) |
| Captain Technocast Ltd. | SME | ₹5.70 Cr | ₹40 | null | ₹48.50 | +21.25% | ₹221.00 (+0.45%) |
| Meera Industries Ltd. | SME | ₹3.89 Cr | ₹36 | null | ₹36.05 | +0.14% | ₹43.22 (-2.00%) |
| Salasar Techno Engineering Ltd. | Mainboard | ₹35.95 Cr | ₹108 | null | ₹262.50 | +143.06% | ₹6.03 (-0.82%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of the Company by way of opening retail stores for automobile parts across the country | 7.50 |
| 2 | Funding the working capital requirements of the Subsidiary BSPL | 5.00 |
| 3 | Funding the working capital requirements of the Company | 10.50 |
| 4 | General Corporate Purpose | 7.49 |
About Benara Bearings IPO
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.+ Read More
Contact Details
Benara Bearings & Pistons Ltd. AddressA-3 & 4 Site BIndustrial AreaSikandraAgra, Uttar Pradesh, 282007+91-562-2970158investorgrievance@benara-phb.comVisit Website