Delhi-based Bonlon Industries Ltd is engaged in manufacturing, trading, and marketing of copper rods and bars. They manufacture products for various industries including electrical, construction, transport, and automobile.
| Bidding Dates |
|---|
| 30 Jun 2020 - 03 Jul 2020 |
| Subscription |
|---|
| 1.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | -1 | 4000 | 3.8 M | ₹28 | 73.52 % | ₹105.2 M | RHP DOC |
Bonlon Industries IPO SUBSCRIPTION STATUS
03 Jul '20Bonlon Industries IPO overall subscription rate was 1.36 times the total available shares
Bonlon Industries IPO retail subscription rate was 0.21 times in the retail segment
Bonlon Industries IPO non-institutional investor subscription rate was 2.51 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Jul 2020 (Day 4) | 0.21x | 2.51x | - |
30 Jun 2020 (Day 1) | 0x | 0.02x | - |
01 Jul 2020 (Day 2) | 0.02x | 0.4x | - |
02 Jul 2020 (Day 3) | 0.06x | 1.29x | - |
Bonlon Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY20 | 138.8 | 1,841.8 | 84.4 | 78.1 |
| FY19 | 28.2 | 2,148.4 | -332.0 | -347.3 |
| FY18 | 2.8 | 2,420.6 | 55.2 | 64.8 |
| FY17 | -7.6 | 2,378.4 | 19.7 | 19.5 |
Bonlon Industries IPO SUBSCRIPTION STATUS DETAILS
Bonlon Industries had 3.8 M shares on offer
Bonlon Industries IPO offer price was ₹28
Bonlon Industries IPO minimum Investment was ₹112000
Bonlon Industries IPO issue size was ₹ 105.2 M
Bonlon Industries had a minimum lot size of 4000 Shares per application
Bonlon Industries NUMBER OF SHARES ON OFFER
Bonlon Industries IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2020 |
| Issue close Date | 03 Jul 2020 |
| Allotment Date | 08 Jul 2020 |
| Refund Date | 09 Jul 2020 |
| Demat Account Credit Date | 10 Jul 2020 |
| Listing Date | 11 Jul 2020 |
| Listing on Exchange(s) | BSE |
| Bonlon Industries Allotment Status | Exchange |
Bonlon Industries IPO subscription opened on 30 Jun 2020, and closed on 03 Jul 2020
IPO allotment for Bonlon Industries was finalized on Wednesday, 08 Jul 2020
IPO listing for Bonlon Industries was on BSE on Saturday, 11 Jul 2020
Bonlon Industries IPO LISTING GAINS
| Issue Price (adjusted) | 28.0 |
| Listing Open Price | 21.0 |
| Listing Close Price | 21.5 |
| Listing Gain% | -25.0% |
| Current Gain% | 47.1% |
Bonlon Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bonlon Industries Ltd. | 41.2 | 58.4 | 25.7 | -11.9 | 0.1 | 2.6 | 1.6 | 652.9 | 4.7 | 2.6 | -2.1 | 1.6 | -2.2 |
| APL Apollo Tubes Ltd. | 2020 | 56087 | 45.6 | 0.9 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1848.5 | 48761.7 | 21.1 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 516.8 | 15749.1 | 31.1 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 37 | 14456.7 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2675.3 | 6065.7 | 21.3 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Bonlon Industries INFORMATION ON IPO ISSUE
About Bonlon Industries
Delhi-based Bonlon Industries Ltd is engaged in manufacturing, trading, and marketing of copper rods and bars. They manufacture products for various industries including electrical, construction, transport, and automobile.
Object of the Issue
- To meet the working capital requirements of the Company.
- To meet Issue Expenses.
Bonlon Industries - PROMOTERS
| Name |
|---|
| Arun Kumar Jain |
Bonlon Industries Lead Manager to the Issue
Sarthi Capital Advisors Private Limited
ipo@sarthiwm.in
Bonlon Industries Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Bonlon Industries Strengths
Leveraging the experience of the promoter and management
The promoter has vast experience in the metal industry for more than two decades; He has played a key role in developing the business and the company benefits from his industry expertise, vision, and leadership.
Quality products and services
The company has always been dedicated to the quality of the products and services, which has not only helped to maintain long-term relations with its existing customers but has also facilitated to entrench of new customers
Bonlon Industries Risks
Outstanding litigations
There are certain outstanding litigations involving the Company, Promoter, Directors and Group Entities
Manufacturing activity is not constant
Business includes both manufacturing and trading of products made from different kinds of metals like copper, aluminum, zinc, and predominantly copper. Manufacturing activity is not constant and has to be suspended at times leading to low capacity utilization.
IPO FAQs
The promoter of the company is Arun Kumar Jain.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 28.0 - 28.0.
The IPO application opens on Jun 30, 2020 and closes on Jul 03, 2020.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Jul 08, 2020.
The refund will be credited to your account on Jul 09, 2020.
The allotted shares will be credited to your demat on Jul 10, 2020.
Bonlon Industries Ltd.’s shares listed on the stock exchanges on Jul 11, 2020.