Bonlon Industries IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 30/06 - 03/07
Issue Size ₹10.52 Cr
Issue Price ₹28
Market Lot 4000 Shares
Shares on Offer 3,756,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date 13 Jul 2020
Listing Price ₹21.5
Listing Gain% -23.21

About Bonlon Industries Ltd

Bonlon Industries Limited is a Public incorporated on 10 December 1998. It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 150,000,000 and its paid up capital is Rs. 104,273,584. It is inolved in Manufacture of Basic Iron & Steel

Public Issue of 37,56,000 equity shares of face value of Rs. 10 each fully paid up of Bonlon Industries Limited (bonlon or the company or the issuer) for cash at a price of Rs. 28 per equity share (the issue price) (including a share premium of Rs. 18 per equity share aggregating Rs. 10.52 Crores (the issue) by the company, of which 1,88,000 equity shares of facevalue of Rs. 10each fully paid up will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 35,68,000 equity shares of face value of Rs. 10 each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.48%and 25.16% respectively of the 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. 28 per equity share. The issue price is 2.8 times the face value.

Incorporated in 1997, 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.

The company manufactures products in different specifications and sizes as per the client's requirement. With the amalgamation with three companies of the Bonlon group, the area of operations of Bonlon Industries is extended in the manufacturing of metal, hotel business, and civil construction.

The manufacturing unit of Bonlon Industries is located at Plot No. G-1-663, RIICO Industrial Area, Bhiwadi, Alwar- 301019, Rajasthan. The hotel of the company is the 'Hotel Bonlon Inn' located in Karol Bagh.

Company Promoters

Mr. Arun Kumar Jain is the promoter of the company.

Recommendation

BIL has shown inconsistency in its top and bottom lines. Super earnings for the first three-quarters of FY20 raises eyebrows and concern over sustainability for the same going forward. The company operates in a highly competitive business that is fragmented. Although issue price appears lucrative on prima facie basis, considering its inconsistent financial data, investors may give it a miss.

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 6,303.67 3,913.15 4,781.66
Total Revenue (In ₹ Millions) 21,744.31 24,313.49 23,881.15
Profit After Tax (PAT) (In ₹ Millions) 282.32 27.78 -122.53

Bonlon Industries Ltd IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 30 Jun 2020 0.02 0.00 0.01
Day 2 - 1 Jul 2020 0.40 0.02 0.21
Day 3 - 2 Jul 2020 1.29 0.06 0.67
Day 4 - 3 Jul 2020 2.51 0.21 1.36

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Bonlon Industries Ltd IPO FAQs

  1. When will Bonlon Industries Ltd IPO open?

    Bonlon Industries Ltd IPO will open on 30/06 and close on 03/07.

  2. What is the listing date of Bonlon Industries Ltd IPO?

    Bonlon Industries Ltd IPO will list on 13 Jul 2020.

  3. What is the offer price of Bonlon Industries Ltd IPO?

    The offer price of Bonlon Industries Ltd IPO is ₹28.

  4. What is the lot size of Bonlon Industries Ltd IPO?

    The lot size of Bonlon Industries Ltd IPO is 4000.

  5. What is the Grey Market Premium (GMP) price of Bonlon Industries Ltd IPO?

    The Grey Market Premium (GMP) price of Bonlon Industries Ltd IPO is Not Available at the moment.

  6. What is the Kostak price of Bonlon Industries Ltd IPO?

    The Kostak price of Bonlon Industries Ltd IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Bonlon Industries Ltd IPO?

    The Subject to Sauda price for Bonlon Industries Ltd IPO is Not Available at the moment.

Bonlon Industries Ltd IPO Review/Comments

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