BEW Engineering was incorporated on April 11, 2011. The company is engaged in the design and manufacture of pharmaceutical and chemical plants and process equipment.
| Bidding Dates |
|---|
| 02 Sep 2021 - 07 Sep 2021 |
| Subscription |
|---|
| 3.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,000 | 1 | 1 | 2000 | 684.0 K | ₹58 | 73.5 % | ₹39.7 M | RHP DOC |
BEW Engineering IPO SUBSCRIPTION STATUS
27 Sep '21BEW Engineering IPO overall subscription rate was 3.64 times the total available shares
BEW Engineering IPO retail subscription rate was 6.7 times in the retail segment
BEW Engineering IPO non-institutional investor subscription rate was 0.57 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Sep 2021 (Day 3) | 24.79x | 18.51x | - |
03 Sep 2021 (Day 1) | 12.49x | 1.44x | - |
06 Sep 2021 (Day 2) | 17.65x | 3.35x | - |
27 Sep 2021 (Day 4) | 6.7x | 0.57x | - |
BEW Engineering 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) |
| FY21 | 28.7 | 594.1 | -33.0 | -36.9 |
| FY20 | 3.2 | 593.6 | 16.6 | 7.9 |
| FY19 | 6.2 | 507.3 | -37.6 | -45.8 |
BEW Engineering IPO SUBSCRIPTION STATUS DETAILS
BEW Engineering had 684.0 K shares on offer
BEW Engineering IPO offer price was ₹58
BEW Engineering IPO minimum Investment was ₹116000
BEW Engineering IPO issue size was ₹ 39.7 M
BEW Engineering had a minimum lot size of 2000 Shares per application
BEW Engineering NUMBER OF SHARES ON OFFER
BEW Engineering IPO IMPORTANT DATES
| Issue Open Date | 02 Sep 2021 |
| Issue close Date | 07 Sep 2021 |
| Allotment Date | 13 Sep 2021 |
| Refund Date | 14 Sep 2021 |
| Demat Account Credit Date | 15 Sep 2021 |
| Listing Date | 16 Sep 2021 |
| Listing on Exchange(s) | NSE |
| BEW Engineering Allotment Status | Exchange |
BEW Engineering IPO subscription opened on 02 Sep 2021, and closed on 07 Sep 2021
IPO allotment for BEW Engineering was finalized on Monday, 13 Sep 2021
IPO listing for BEW Engineering was on NSE on Thursday, 16 Sep 2021
BEW Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 14.5 |
| Listing Open Price | 127.6 |
| Listing Close Price | 133.9 |
| Listing Gain% | 120.0% |
| Current Gain% | 280.0% |
BEW Engineering 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BEW Engineering Ltd. | 55.1 | 14.2 | 19 | -0.2 | 0.1 | 2.7 | 1.4 | 186 | 37.5 | 3.8 | -68.9 | 2.9 | -93.9 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
BEW Engineering INFORMATION ON IPO ISSUE
About BEW Engineering
BEW Engineering was incorporated on April 11, 2011. The company is engaged in the design and manufacture of pharmaceutical and chemical plants and process equipment.
Object of the Issue
- Meeting additional working capital requirements
- General corporate purpose
BEW Engineering - PROMOTERS
| Name |
|---|
| Prakash Bhalchandra Lade |
| Rohan Prakash Lade |
BEW Engineering Lead Manager to the Issue
First Overseas Capital Limited
mala@focl.in
First Overseas Capital Limited
mala@focl.in
BEW Engineering Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Bigshare Services Private Limited
ipo@bigshareonline.com
BEW Engineering Strengths
Strong brand value and repeat customer orders
BEW brand has a strong legacy of over 3 decades and has an esteemed client base across the pharmaceuticals, agrochemicals and specialty chemicals industry
Cost effective and quality manufacturing
The company is certified as an authorized ASME U and R stamp manufacturer
Strong leadership team
Promoter, Mr. Prakash Lade is a Mechanical Engineering Diploma holder from the Board of Technical Examinations, Maharashtra
BEW Engineering Risks
Outstanding proceeding
There are certain outstanding legal proceedings against the company
Geographically concentrated
Operations are significantly located in the Thane region and failure to expand operations may restrict growth
IPO FAQs
BEW Engineering Ltd. IPO listing opened at Rs 127.60 while the issue price was Rs 58.00 giving 120.00% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 14.50 giving 280.00% gains since its IPO listing.
The promoters of the company are Prakash Bhalchandra Lade and Rohan Prakash Lade.
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 58.0 - 58.0.
The IPO application opens on Sep 02, 2021 and closes on Sep 07, 2021.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 116,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on Sep 13, 2021.
The refund will be credited to your account on Sep 14, 2021.
The allotted shares will be credited to your demat on Sep 15, 2021.
BEW Engineering Ltd.’s shares listed on the stock exchanges on Sep 16, 2021.