|Issue Date||30/06 - 03/07|
|Issue Size||₹10.52 Cr|
|Market Lot||4000 Shares|
|Shares on Offer||3,756,000|
|Subject to Sauda||N/A|
|Listing Date||13 Jul 2020|
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.
Mr. Arun Kumar Jain is the promoter of the company.
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.
|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|
|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|
Please click the link below to check the IPO allotment status.IPO Allotment Status
Bonlon Industries Ltd IPO will open on 30/06 and close on 03/07.
Bonlon Industries Ltd IPO will list on 13 Jul 2020.
The offer price of Bonlon Industries Ltd IPO is ₹28.
The lot size of Bonlon Industries Ltd IPO is 4000.
The Grey Market Premium (GMP) price of Bonlon Industries Ltd IPO is Not Available at the moment.
The Kostak price of Bonlon Industries Ltd IPO is Not Available at the moment.
The Subject to Sauda price for Bonlon Industries Ltd IPO is Not Available at the moment.
Please Leave Your Message