Bharat Wire Ropes Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 11,083,335 (71%) | — | ₹4,988 Cr |
| NII (HNI) | — | 2,216,666 (14%) | — | ₹997 Cr |
| Retail | — | 1,477,777 (10%) | — | ₹67 Cr |
| Employee | — | 777,777 (5%) | — | ₹35 Cr |
| Σ Total | — | 15,555,555 (100%) | — | ₹70,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹13,500 |
| Retail (Max) | 13 | 3,900 | ₹175,500 |
| S-HNI (Min) | 14 | 4,200 | ₹189,000 |
| B-HNI (Min) | 67 | 20,100 | ₹904,500 |
Financial Statements Amount In Crore
| Metric | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
|---|---|---|---|
| Revenue | 77 | 82 | 74 |
| Profit After Tax | 2 | 2 | 1 |
| Total Assets | 152 | 142 | 147 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Part finance to set up a New Unit at MIDC Zone, at Chalisgaon, Dist: Jalgaon , Maharashtra – 60.00
- 2 General Corporate Purposes – 5.82
Company Overview
Incorporated in 1986, Bharat Wire Ropes Ltd (BWR) is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. Company is also engaged in the business of trading of the steel related products.
Company's steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. Company also have a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel its current manufacturing process.
Bharat Wire Ropes ltd is an ISO 9001:2008 certified company for the manufacture and supply of steel wire ropes, stainless steel wire ropes, non-ferrous wire ropes, slings, relevant conductors, wire for specialised applications and rope fittings in domestic and international market.
BWR's Strengths:
1. Experienced management team
2. Diversified product mix
3. Established player in the indian wire rope industry
4. Diversified client base
5. Pan-india customer base
6. Global reach