BCPL Railway IPO – Review, Allotment, Subscription, DRHP & GMP Price

BCPL Railway Infrastructure Limited is engaged in the field of Railway Infrastructure Development involving design, drawing, supply, Erection and Commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment. BCPL Railway IPO comprises of 48,60,000 Equity shares, face value of Rs.10 each.

Let’s have a detailed review of the company and analytics of the BCPL Railway IPO release date, IPO offer price, subscription, BCPL Railway IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

 


BCPL Railway IPO Review & Ratings

BCPL Railway IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of BCPL Railway IPO

BCPL Railway IPOBCPL Railway Infrastructure Limited  are engaged in the field of Railway Infrastructure Development involving design, drawing, supply, Erection and Commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment. The Issue comprises of a Public Issue of 48,60,000 Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 45.5% and 7.10 %, respectively.

  • Company’s total revenues stood at 5,063.59 Lakhs for the fiscal year ended on March 31, 2018, 3,498.76 Lakhs for the fiscal year ended on March 31, 2017 and 2,573.92 Lakhs For the fiscal year ended on March 31, 2016 respectively.
  • PAT for the fiscal year ended on March 31, 2018 was 404.55 Lakhs on March 31, 2017 was 127.20 Lakhs and on March 31, 2016 was 96.11 Lakhs.

The Promoters of this company are Mr. Jayanta Kumar Ghosh, Mr. Aparesh Nandi, Mr. Uday Narayan Singh and Resilient Exports Private Limited. The lead manager to the issue is Gretex Corporate Services Private Limited and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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    BCPL Railway IPO Date

    The opening and the closing date of IPO of BCPL Railway Infrastructure Limited is not known yet.


    BCPL Railway IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day    
    2nd Day     
    3rd Day     
        
        

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    BCPL Railway IPO Allotment Status

    Here, you can find the Allotment Status of this IPO. The Allotment of specified securities to each RII shall not be less than the minimum Bid Lot, subject to availability of shares in the RII category, and the remaining available shares, if any, shall be Allotted on a proportionate basis.The Issuer is required to receive a minimum subscription of 90% of the Offer (excluding any Offer for Sale of specified securities). However, in case the Offer is in the nature of Offer for Sale only, then minimum subscription may not be applicable.


    BCPL Railway IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


    BCPL Railway IPO Equity Share Offering

    48,60,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


    BCPL Railway Infrastructure Limited – Company Overview

    BCPL Railway Infrastructure Limited was originally incorporated as “Bapi Construction Electrical Engineering Private Limited” with the Registrar of Companies, West Bengal, on December 08, 1995. Subsequently, it converted to a Public Limited Company, “BCPL Railway Infrastructure Limited”,issued by the Registrar of Companies, West Bengal, on August 05, 2008.

    They are engaged in the field of Railway Infrastructure Development involving design, drawing, supply, Erection and Commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment. The key clients of the Company include various zones of the Indian Railways like Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway, Central Organisation For Railway Electrification (CORE) as well as large Public and Private Sector Undertakings like RITES Ltd., Durgapur Projects Ltd., Essel Mining Industries Ltd., Adhunik Group, Usha Martin Industries Ltd, Jindal Steel and Power Ltd., Rungta Mines, Haldia Energy Limited, Electrosteel.

    They focus on Electrification sector of the Railways keeping in view the vast scope of work in the existing and the untapped areas. BCPL started its business as a CIVIL Contractor for the Indian Railways.

    The Company is promoted by Mr. Jayanta Kumar Ghosh, Mr. Aparesh Nandi, Mr. Uday Narayan Singh and Resilient Exports Private Limited and is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of BCPL Railway Infrastructure Limited:

    • Experienced Management and Promoters.
    • Satisfied Chain of Vendors.
    • Engaged in an Industry of paramount national importance and undisputed growth potential.
    • Exemplary Track Record in Execution of the Projects
    • Experience.

    Business strategies of BCPL Railway Infrastructure Limited:

    • To maintain the highest quality standards in its works, in order to compete successfully with the behemoths of the construction industry.
    • Company has robust systems of cost recording as well as methods of estimating the cost to complete a project at any stage of its execution cycle.
    • Personnel in high positions are selected on the basis of their entrepreneurship qualities. Thereafter, they are motivated to lead their team to achieve predetermined targets set by them.
    • The employees are allowed to take decisions if they feel that the same would be approved by the board.
    • Constant communication is maintained with clients for updating them with progress status.
    • Encourage their employees to endeavour to keep the thinking process simple to that the sense of fear can be avoided in case of difficult tasks.

    BCPL Railway Infrastructure Limited – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets5,148.714,837.375,205.264,821.544,330.37
    Total Revenue5,063.593,498.762,573.925,552.783,208.67
    Total Expense4,489.893,313.952,440.795,108.072,951.34
    Profit After Tax404.55127.2096.11326.91206.83

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-16
    Basic & Diluted(pre issue)6.462.031.535.223.30
    Basic & Diluted(post issue)5.961.020.772.611.65

    From the above statements, one could find that the BCPL Railway Infrastructure Limited may perform well.


    BCPL Railway IPO – Promoters

    The Promoters of this company are:

    1. Mr. Jayanta Kumar Ghosh
    2. Mr. Aparesh Nandi,
    3. Mr. Uday Narayan Singh
    4. Resilient Exports Private Limited

    List of Related Parties (Key Managerial Personnel)

    • Mr. Jayanta Kumar Ghosh
    • Mr. Aparesh Nandi,
    • Mr. Uday Narayan Singh
    • Resilient Exports Private Limited
    • Kanhai Singh
    • D.S.Engineering

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    BCPL Railway IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Issue of 48,60,000* Equity Shares of 10 each fully paid-up of the Company for cash at a price of [●] per Equity Share aggregating to [●] Lakh.
     Of which:
    Fresh Issue 42,00,000* Equity Shares of face value of 10/- each fully paid up of the Company for cash at a price of [●] /- per Equity share aggregating to [●] Lakhs
    Offer for Sale6,60,000 Equity Shares of face value of 10/- each fully paid of the Company for cash at a price of [●]/- per Equity Share aggregating [●] lakhs
     Reserved for Market Makers 2,52,000* Equity Shares of 10 each fully paid-up of the Company for cash at a price of [●] per Equity Share aggregating to [●] Lakh.
     Net Issue to the Public 46,08,000* Equity Shares of 10 each fully paid-up of the Company for cash at a price of [●] per Equity Share aggregating to [●] Lakh.
     Of which:
     Retail Investors Portion 23,04,000* Equity Shares of 10 each fully paid-up of the Company for cash at a price of [●] per Equity Share aggregating to [●] Lakh
     Non-Retail Investors Portion23,04,000* Equity Shares of 10 each fully paid-up of the Company for cash at a price of [●] per Equity Share aggregating to [●] Lakh
     Equity Shares outstanding prior to the Issue1,25,23,638 Equity Shares of face value of Rs.10 each
     Equity Shares outstanding after the Issue1,67,23,638 Equity Shares of face value of Rs.10 each

    BCPL Railway IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding the Working Capital requirements of the Company:
    •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions
      by our company; and
    •  General Corporate Purposes

    BCPL Railway IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Experienced Management and Promoters.
    • Satisfied Chain of Vendors.
    • Engaged in an Industry of paramount national importance and undisputed growth potential.
    • Exemplary Track Record in Execution of the Projects
    • Experience.

    The relevant quantitative factors are:

    Basic & Diluted EPS (Pre-Bonus)Basic & Diluted EPS (Post-Bonus)RONW (%)NAV (Rs.)
    31-Mar-161.530.773.00
    31-Mar-172.031.023.8253.23
    31-Mar-186.465.9610.8529.78
    • Competitive Peers:

    There are no listed entities similar to their line of business and comparable to their scale of operation. Therefore, any peer comparison would be misleading and would not depict the true picture.


    BCPL Railway IPO Lead Managers

    Lead Managers
    GRETEX CORPORATE SERVICES PRIVATE LIMITED
    Registered Office: Office no.102, 1st Floor, Kanakia Atrium-2, Chakala
    Andheri Kurla Road, Behind Courtyard Marriot, Mumbai – 400 093
    Tel No.: +91 – 33 – 4006 9278
    Fax No.: +91 – 33 – 4006 9278
    SEBI Registration No: INM000012177
    Email: info@gretexgroup.com
    Website: www.gretexcorporate.com
    Contact Person: Mr. Goutam Seal/Ms. Kritika Rupd

    BCPL Railway IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol,
    Andheri East, Mumbai – 400 059
    Tel No.: +91 – 22 – 6263 8200
    Fax No.: +91 – 22 – 6263 8299
    SEBI Registration No: INR000001385
    Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Srinivas Dornala

    Other Details:

    • Statutory Auditor –  M/s Jain Seth & Co., Chartered Accountants.
    • Peer Review Auditor -P.K. Mundra & Co., Chartered Accountants,
    • Bankers to the Company –Bank of India

    BCPL Railway IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    BCPL Railway IPO Grey Market Premium

    The BCPL Railway IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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      BCPL Railway IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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