Benara Bearings & Pistons Ltd - IPO

Benara Bearings & Pistons Ltd IPO Details

Initial public offer consisting of fresh issue of 53,16,000* equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 63 per equity share (the issue price) (including a share premium of Rs. 53 per equity share) aggregating Rs. 33.49 Crores (the issue), of which 2,72,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 63/- per equity share, aggregating Rs. 1.71 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion) and 76,000 equity shares of Rs. 10/- each for cash at price of Rs. 63 per equity share aggregating Rs. 0.48/ Crores will be reserved for subscription by eligible employees (the employees reservation portion). The issue less market maker reservation portion and employees reservation portion i.e. Issue of 49,68,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 63/- per equity share, aggregating Rs. 31.30 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 30.02% and 28.06% respectively of the fully diluted post issue paid up equity share capital of the company.Issue Price: Rs.63 per equity shareThe face value of equity share is Rs.10/- each and issue price is Rs.63 is 6.30 times of the face value of equity share.

Objective of issue

Expansion of the company by way of operating retail stores for automobile parts across the country. Funding the working capital requirements of the subsidiary BSPL. Funding the working capital requirements of the company. General corporate purpose.

Benara Bearings & Pistons Ltd Contact Details

Benara Bearings & Pistons Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investorgrievance@benara-phb.com

Website - www.benara-phb.com