BEW Engineering Limited IPO Detail
Incorporated in 2011, BEW Engineering is engaged in the design and manufacturing of filters and dryers for the Chemicals Industry comprising of Pharmaceuticals – API, Agro Chemicals, and Specialty Chemicals. The company's product portfolio includes a range of filtration, mixing and drying equipment, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Argo Chemicals, Pesticides, Insecticides, Dyes and Food Products.
Top states contributing to the company’s revenue are Maharashtra, Andhra Pradesh, Gujarat, Telangana & Karnataka.
Competitive strengths
- Three decades of market presence contributing to strong brand value and loyal customers.
- Cost-effective, high-quality equipment manufacturing with certification from ASME U & R stamp.
- Strong and experienced leadership.
- Efficient sales support teams catering to key customers across the country.
Company Promoters
Prakash Bhalchandra Lade and Rohan Prakash LadeIPO Details
| IPO Opening Date | Sep 02, 2021 |
| IPO Closing Date | Sep 07, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹58 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹3.97 Cr |
| Fresh Issue | 684,000 Eq Shares of ₹10 (aggregating up to ₹3.97 Cr) |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.44x | 12.49x | 6.97x |
IPO Tentative Timetable
The BEW Engineering Limited IPO open date is Sep 02, 2021, and the close date is Sep 07, 2021. The issue may list on Sep 16, 2021.
| IPO Open Date | Sep 02, 2021 |
| IPO Close Date | Sep 07, 2021 |
| Basis of Allotment Date | Sep 13, 2021 |
| Initiation of Refunds | Sep 14, 2021 |
| Credit of Shares to Demat Account | Sep 15, 2021 |
| IPO Listing Date | Sep 16, 2021 |
IPO Lot Size
The BEW Engineering Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹116000 |
| Maximum | 1 | 2000 | ₹116000 |
IPO Promoter Holding
| Pre Issue Share Holding | 82.40% |
| Post Issue Share Holding | 60.56% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-20 | 68.06 | 42.51 | 0.39 |
| 31-Mar-20 | 60.83 | 67.71 | 0.66 |
| 31-Mar-19 | 51.06 | 63.84 | 0.70 |
| 31-Mar-18 | 34.97 | 48.08 | 0.68 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Meeting additional Working Capital Requirements, and
- General Corporate purpose.
