Bharat Wire Ropes Ltd - IPO

Bharat Wire Ropes Ltd IPO Details

Public issue of 1,55,55,555 equity shares of face value of Rs. 10 each (equity shares) of Bharat Wire Ropes Limited (The Company or the Issuer) for cash at a price of Rs. 45 per equity share (including a share premium of Rs. 35 per equity share) aggregating up to Rs. 70.00 crores (the issue). The issue comprises a net issue to the public of 1,47,77,778 equity shares (the net issue) and reservation of 7,77,777 equity shares aggregating up to Rs. 3.50 crores for subscription by eligible employee (The employee reservation portion). The issue constitute 34.60% of the post-issue paid-up equity share capital and the net issue to the public constitue 32.87% of post-issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each. The Issue Price is Rs. 45 per equity share and is 4.5 tims the face value of the equity shares.

Objective of issue

To set up a proposed project of wire ropes at MIDC. To meet general corporate expenses.

Bharat Wire Ropes Ltd Contact Details

Bharat Wire Ropes Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@bharatwireropes.com

Website - www.bharatwireropes.com