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�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
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Pleased to inform you that the IPO of Bharat Wire Ropes Limited is scheduled to open on Friday, March 18, 2016.
Issue Details:
Bharat Wire Ropes Limtied
| |
Issue Period
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Issue Opens On : March 18, 2016
Issue Closes On : March 22, 2016
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Price Band
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Rs. 40 – 45 per Equity Share
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Bid Lot
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300 Equity Shares and in multiple thereof
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Issue Size
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Rs.70 Crores
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Lead Manager
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Intensive Fiscal Services Private Limited and BOB Capital Markets Limtied
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Registrar
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Karvy Computershares Private Limtied
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Issue Structure
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QIB
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At least 75% of the Net Issue shall be allotted on a proportionate basis to Qualified Institutional Buyers
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NIB
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Not more than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders
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Retail
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Not more than 10% of the Net Issue shall be available for allocation to Retail Individual Bidders
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Eligible Employee
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Up to 5% of the Issue
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Business Overview
v Bharat Wire Ropes Limited was incorporated in July, 1986, the Company is converted into public limited company in May, 1992.
The Company is engaged in Manufacturing and Sale of Wire Ropes, Structural Strands, Slings and Wires.
v ISO 9001:2008 certified company by the British Standards Institution (“BSI”) for the manufacture and supply of:
Ø Steel Wire Ropes
Ø Stainless steel wire ropes
Ø non-ferrous wire ropes
Ø rope fittings
v Company’s products find its application in general engineering, fishing, elevators, cranes, material handling, power transmission,
suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defense, railways etc.
v Experienced Board of Directors and Management Team.
v Existing manufacturing facility with an installed capacity of 12,000 MTPA, located at Atgaon, accredited with Bureau of Indian
Standards (“BIS”), ISO 9001:2008 and has obtained BIS Licenses for IS:2266, IS:4521, IS:1856, S:1855,IS:2581, IS:9282, and hold
product approvals from RDSO, CORE, DGMS, PGCIL, IRS etc. for various ropes and wire products.
v Company is proposing to further enhance capacity to manufacture wire ropes, structural strands and slings by setting up a fully
integrated manufacturing facility with an installed capacity of 66,000 MTPA at Chalisgaon, Maharashtra.
v Company has a well-diversified customer base of more than 600 large and medium size customers all over India including
oil & gas, mining, fishing, ports & marine, elevator, power transmission, railways, construction, infrastructure, defense, crane
manufacturers, etc.
Promoters of the Company:
1. Mr. Murarilal Mittal
2. M/s. Gaji Mercantile Private Limited
3. Mrs. Usha Mittal
4. Mr. Manan Mittal
Object of Current Issue:
2. To set up a proposed project of 66,000 MTPA wire ropes at MIDC Zone, at Chalisgaon, Dist: Jalgaon, Maharashtra
3. To meet General Corporate Expenses ; and
4. To meet Issue Expenses
Retail Application Matrix :-
Issue Period : 18/03/2016 to 22/03/2016
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Price Band - Rs.40/- to Rs.45/- per eq share
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Bid Lot - 300 eq.shares & in multiples thereafter
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No of Shares
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Cut off
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Amount
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300
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45
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13500
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600
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45
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27000
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900
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45
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40500
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1200
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45
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54000
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1500
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45
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67500
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1800
|
45
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81000
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2100
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45
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94500
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2400
|
45
|
108000
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2700
|
45
|
121500
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3000
|
45
|
135000
|
3300
|
45
|
148500
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3600
|
45
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162000
|
3900
|
45
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175500
|
4200
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45
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189000
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Thanks and Regards
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