BEW Engineering IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’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 Value | Rs 10 |
| Cash Price | Rs 58 |
| Listing At | NSE SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 397 Lakh |
| IPO Size | Rs 397 Lakh |
| Tick Size | 1 |
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
Their 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 / Date | NII | RII | Total Subscription |
| 1st Day – 2nd Sep | 0.57x | 6.70x | 3.64x |
| 2nd Day – 3rd Sep | 1.44x | 12.49x | 6.97x |
| 3rd Day – 6th Sep | 3.35x | 17.65x | 10.50x |
| 4th Day – 7th Sep | 18.51x | 24.79x | 21.65x |
| Shares Offered or Net Issue | 324,000 | 324,000 | 648,000 |
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 Finalization | Sep 13, 2021 |
| Refunds Initiation | Sep 14, 2021 |
| Credit of Shares to Demat Account | Sep 15, 2021 |
| Share Listing Date | Sep 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-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 7,254.08 | 6,083.83 | 5,106.70 |
| *Total Revenue | 7,354.59 | 6,771.01 | 6,384.53 |
| Total Expense | 6,521.65 | 6,281.28 | 5,904.21 |
| Profit After Tax | 286.53 | 65.88 | 70.57 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 19.04 | 2.15 | 4.17 |
BEW Engineering IPO – Promoters
The Promoter of this company is:
- PRAKASH BHALCHANDRA LADE
- 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 Makers | Up to 36,000 Equity Shares aggregating up to Rs.20.88 Lakh |
| Net Issue to the Public | Up 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 Investors | Not more than 3,24,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 14,80,000 Equity Shares |
| Equity Shares outstanding after the Issue | 25,80,667 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 19.04 | 29.48 | 51.24 |
| 31-Mar-20 | 2.15 | 5.67 | 37.86 |
| Mar-19 | 4.17 | 11.68 | – |
BEW Engineering IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| BEW Engineering Limited | 10 | 3.05 | 19.04 | 29.48 | 73.55 |
| Listed Peers | |||||
| GMM Pfaudler Limited | 2 | 84.40 | 50.19 | 18.01 | 1024 |
| HLE Glascoat | 10 | 84.62 | 39.41 | 38.84 | 488 |
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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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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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