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

Face ValueRs 10
Cash PriceRs 58
Listing AtNSE SME
Min. Order Quantity2000 Shares
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs 397 Lakh
IPO SizeRs 397 Lakh
Tick Size1

BEW Engineering IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – BEW Engineering Share Price

BEW Engineering IPO – Summary

BEW Engineering IPOTheir company was incorporated in the year 2011, however, their Promoter, Mr. Prakash Lade has been in this business since 1974. The first manufacturing facility was set up by Mr. Prakash Lade and Mr. V Khokrale in Partnership firm viz. Bifriends Engineering Works.

The second manufacturing facility was set up in 1993 under group company Sterling Fabricating Engineers Private Limited. Their Company was established in 2011 to consolidate the operations of the BEW group under one roof. In January 2018, the Lade family took 100% management control of the group by buying out the Khokrale family‘s stake in the Company.

The Promoter of this company is PRAKASH BHALCHANDRA LADE AND ROHAN PRAKASH LADE. The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


BEW Engineering IPO Date

The opening and the closing date of the IPO of BEW Engineering Limited are Sep 2, 2021, and Sep 7, 2021, respectively.


BEW Engineering IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 2nd Sep0.57x6.70x3.64x
2nd Day –  3rd Sep1.44x12.49x6.97x
3rd Day – 6th Sep3.35x17.65x10.50x
4th Day – 7th Sep18.51x24.79x21.65x
Shares Offered or Net Issue324,000324,000648,000

The shares subscribed by the public will be updated here.


BEW Engineering IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

BEW Engineering Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationSep 13, 2021
Refunds InitiationSep 14, 2021
Credit of Shares to Demat AccountSep 15, 2021
Share Listing DateSep 16, 2021

BEW Engineering IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.58 


BEW Engineering IPO Equity Size

This Initial Public Issue of 684,000 Equity Shares of Rs.10 each for cash at a price of Rs.58 per equity share aggregating to Rs.397 Lakh.


BEW Engineering IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 684,000 Equity Shares of Rs.10/ each.

Issue Size: 684,000 Equity Shares of Rs.10 each, aggregating to Rs.397 Lakh


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    BEW Engineering IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – BEW Engineering Share Price

    BEW Engineering IPO Grey Market Premium

    The BEW Engineering Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    BEW Engineering IPO – Company Overview

    Their Company is engaged in the design and manufacture of Pharmaceutical & Chemical plants and process equipment. They design and manufacture a special range of filtration, mixing, and drying equipment specifically used in Pharmaceuticals, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Agro Chemicals, Pesticides, Insecticides, Dyes, and Food Products.

    These equipment are manufactured from a material such as Stainless Steel, Alloy Steel, Hastelloy, etc. with various linings as per International Codes: a) IS b) BS c) ASME d) TEMA e) DIN f) CE Marks, etc.

    BEW brand has a strong legacy of over 3 decades. They have an esteemed client base across Pharmaceuticals, Agro Chemicals, and Specialty Chemicals industries. Most of their clients give them repeat orders and have been with them for the last many years.


    BEW Engineering IPO – Financial Statements

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

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-2131-Mar-20Mar-19
    Total Assets7,254.086,083.835,106.70
    *Total Revenue7,354.596,771.016,384.53
    Total Expense6,521.656,281.285,904.21
    Profit After Tax286.5365.8870.57

    Earnings per Equity Share (in Lakh)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted19.042.154.17

     


    BEW Engineering IPO – Promoters

    The Promoter of this company is:

    1. PRAKASH BHALCHANDRA LADE
    2. ROHAN PRAKASH LADE

    List of Related Parties (Key Managerial Personnel)

    • Prakash Bhalchandra Lade, Chairman
    • Rohan Prakash Lade, Managing Director
    • Sheela Prakash Lade, Non-Executive Promoter Director
    • Yogesh Banishilal Khakre, Independent Director
    • Ravikant Moreshwar Mhatre, Non-Executive and Independent Director
    • Ratnakar Venkappa Rai, Non-Executive and Independent Director

    BEW Engineering IPO – Promoters Holding

    • Pre Issue Share Holding – 82.40%
    • Post Issue Share Holding – 60.56%

    BEW Engineering IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 6,84,000 Equity Shares aggregating up to Rs.397 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 36,000 Equity Shares aggregating up to Rs.20.88 Lakh
    Net Issue to the PublicUp to 6,48,000 Equity Shares aggregating up to Rs.375.84 Lakh
    Of which:
    Retail Investors Portion Not less than 3,24,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 3,24,000 Equity Shares
     Equity Shares outstanding prior to the Issue14,80,000 Equity Shares
     Equity Shares outstanding after the Issue25,80,667 Equity Shares

    BEW Engineering IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Meeting additional Working Capital Requirements
    2. General Corporate Expense

    BEW Engineering IPO – Business Strategy

    • Focused Industry Segment
    • No Credits or Least Credit period
    • Competitive Pricing
    • No Marketing

    BEW Engineering IPO – Basis of 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:

    • Strong Brand value and repeat Customer orders
    • Cost-effective and Quality Manufacturing
    • Efficient after-sales Support Teams
    • Strong Leadership Team

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-2119.0429.4851.24
    31-Mar-202.155.6737.86
    Mar-194.1711.68

    BEW Engineering IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    BEW Engineering Limited103.0519.0429.4873.55
    Listed Peers
    GMM Pfaudler Limited284.4050.1918.011024
    HLE Glascoat1084.6239.4138.84488

    BEW Engineering IPO Lead Managers

    Lead Managers
    FIRST OVERSEAS CAPITAL LIMITED
    1-2 Bhupen Chambers, Dalal Street, Fountain,
    Mumbai – 400 001, Maharashtra, India.
    Tel No.: +91 22 4050 9999
    Fax No: +91 22 4050 9900
    Email: satish@focl.in / mala@focl.in
    Investor Grievance Email: investorcomplaints@focl.in
    Website: www.focl.in
    SEBI Registration No: INM000003671
    Contact Person: Satish Sheth / Mala Soneji

    BEW Engineering 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, Maharashtra, India
    Tel. No.: +91 22 6263 8200
    Fax. No.: +91 22 6263 8299
    Email: ipo@bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    Website: www. bigshareonline.com
    SEBI Registration No.: INR000001385
    Contact Person: Babu Raphel

    BEW Engineering IPO – Other Details

    • Statutory Auditor – M/s. Todarwal & Todarwal LLP, Chartered Accountants
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA


    BEW Engineering IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      BEW Engineering Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      BEW Engineering IPO Review FAQs

      Ques – What is the Issue Size of BEW Engineering IPO?

      Answer – The Company is making an initial public offer of 684,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Cash Price of BEW Engg. IPO?

      Answer – The price band for this particular IPO ranges between Rs 58. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the BEW IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 2, 2021, while the closing date is set at Sep 7, 2021.

      Ques – What is the BEW Engg IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 13, 2021, refund initiation is on Sep 14, 2021, credit of shares is on Sep 15, 2021, and share listing date is on Sep 16, 2021.

      Ques – What is the BEW Engg IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges on Sep 16, 2021. The date, when the listing would be done, is stagnant on Sep 16, 2021.

      Ques – Who is the Registrar of BEW Engineering IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of BEW Engineering IPO?

      Answer – Here are the promoters of this IPO – PRAKASH BHALCHANDRA LADE AND ROHAN PRAKASH LADE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of BEW Engineering IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is BEW Engineering IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of BEW Engineering Ltd?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 286.53, 2020 is 65.88, 2019 is 70.57.


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