Billwin Industries IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP
Last Updated Date: Sep 01, 2023Let’s have a detailed review of the company and analytics of the Billwin Industries Limited IPO release date, IPO offer price, subscription, Billwin Industries IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Billwin Industries IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.4/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 8.2/10 |
| Company Reputation | 7.7/10 |
| Competitive Edge | 7.2/10 |
| Financial Statements | 8.0/10 |
| Popularity Index | 7.6/10 |
| Promoters Reputation | 8.0/10 |
| Retail Appetite | 7.5/10 |
| Top Brokers Review | 7.1/10 |
| Overall Ratings | 7.5/10 |
| Star Ratings | ★★★★☆ |
Summary of Billwin Industries IPO
They are engaged in the business of manufacturing of protective gears; these gears are basically rain wears, life jackets and inflatable boats which are used in seas and other water bodies for the safety.
The raw material used to manufacture these protective gears is called Coated Fabric. They are also involved in trading of the protective gears that they manufacture. Their product range includes Rainwear Coat, Rain Jacket, Pulsar Jacket, Winter Jacket, River Raft Boat, Inflatable Boats Dinghys, Sleeping Bags, School Bags, Life jackets, Rucksack, facial’s mask etc.
From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements
- Their total revenue for the period ended as on March 05, 2020 is Rs.38.41 Lakh and there is increased from Rs.46.37 Lakh in Fiscal 2017 to Rs.60.72 Lakh in Fiscal 2019, representing a growth rate of 30.94%.
- Their EBIDTA increased from Rs.0.76 Lakh in Fiscal 2017 to Rs.16.24 Lakh in Fiscal 2019, representing a growth rate of 2,048.92%. The PAT for the period ended as on March 05, 2020 is Rs.3.47 Lakh and there is increased from Rs.0.29 Lakh in Fiscal 2017 to Rs.10.78 Lakh in Fiscal 2019, representing a growth rate of 3,621.26%
The Promoters of this company are MR. SUBRATA DEY & MRS. SMITA SUBRATA DEY. The lead manager to the issue is GRETEX CORPORATE SERVICES PRIVATE LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Billwin Industries IPO Dates / Launch Date
The opening and the closing date of Billwin Industries IPO is not known yet.
Billwin Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Billwin Industries 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.
Billwin Industries IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Billwin Industries IPO Price Band / Cash Price
The face value of each share is Rs.10, and the cash price of the IPO is Rs.37.
Billwin Industries IPO Size
This Initial Public Issue of 6,66,000 Equity Shares of Rs.10 each for cash at a price of Rs.37.00 per equity share aggregating to Rs.246.42 Lakhs.
Billwin Industries IPO Share Offering
Issue: The Fresh Issue of 6,66,000 Equity Shares by their Company of Rs.10 each at a price of 37.00 per equity share aggregating to Rs.246.42 lakh,
Net Offer: The Net Offer of up to 6,30,000 Equity Shares of Rs.10 each at price of Rs.37.00 per Equity Shares aggregating to Rs.233.10 lakhs
Billwin Industries IPO – Company Overview
The Company was converted into Public Limited Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of their Company held on January 06, 2020. The name of their Company was changed to “Billwin Industries Limited” and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited.
They are engaged in the business of manufacturing of protective gears; these gears are basically rain wears, life jackets and inflatable boats which are used in seas and other water bodies for the safety. They are also involved in trading of the protectives gears that they manufacture.
In the Year 2020, their Company through a Business Transfer Agreement (BTA), has acquired a proprietor firm named Billwin Industries.
Billwin Industries – Quality Management
They are always committed to fulfil the requirements of their clientele according to their needs. In order to meet these requirements, they have adapted to best measure in the industry for quality management systems.
They believe that they carry out extensive quality checks and source their raw materials from reliable and recognized suppliers to maintain the standard and quality.
Billwin Industries IPO : Business strategies
- Expand their presence into defence and disaster management institutions
- Optimum Utilization of Resources
- Improving Operational & Functional Efficiencies
- Increase Brand awareness
- Building-up as a Professional Organisation
- Develop cordial relationship with their Suppliers, Customer and employees
Billwin Industries IPO – Financial Statements
On the basis of Standalone statement:
| Amount (in INR & Lakhs) | ||||
| 05-Mar-20 | 31-Mar-19 | Mar-18 | 31-Mar-17 | |
| Total Assets | 733.16 | 33.78 | 217.10 | 12.33 |
| Total Revenue | 38.42 | 60.72 | 184.61 | 46.37 |
| Total Expense | 33.71 | 44.48 | 168.46 | 45.86 |
| Profit After Tax | 3.47 | 10.78 | 11.47 | 0.29 |
Earnings per Equity Share (in Lakhs)
| Amount (in INR & Lakhs) | ||||
| 30-Sep-19 | Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 0.44 | 1.36 | 1.45 | 0.44 |
Billwin Industries IPO – Promoters
The Promoters of this company are:
- MR. SUBRATA DEY
- MRS. SMITA SUBRATA DEY
List of Related Parties (Key Managerial Personnel)
- Mr. Subrata Dey, Managing Director
- Ms. Janvhi Ajit Tawade, Chief Financial Officer
- Ms. Payal Ankit Doshi, Company Secretary & Compliance Officer
Interest in promotion of the Company
Their Promoters are not interested as a member of a firm, and no sum has been paid or agreed to be paid to their Promoters or to such firm or company in cash or otherwise by any person for services rendered by their Promoters or by such firm or company in connection with the promotion or formation of their Company.
Interests of Promoter in property of their Company
Their Promoters do not have any other interest in any property acquired or proposed to be acquired by their Company in a period of two years before filing of this Draft Prospectus or in any transaction by their Company for acquisition of land, construction of building or supply of machinery.
Billwin Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,66,000 Equity Shares, aggregating up to Rs.246.42 lakhs |
| Of which: | |
| Market Maker Reservation Portion | 36,000 Equity Shares, aggregating up to Rs.13.32 lakhs |
| Net Issue to the Public | Up to 6,30,000 Equity Shares, aggregating up to Rs.233.10 lakhs |
| Of which: | |
| Retail Individual Investors | 3,15,000 Equity Shares, aggregating up to Rs.116.55 lakhs |
| Non-Institutional Investors | 3,15,000 Equity Shares, aggregating up to Rs.116.55 lakhs |
| Equity Shares outstanding prior to the Issue | 14,64,724 Equity Shares |
| Equity Shares outstanding after the Issue | 21,30,724 Equity Shares |
Billwin Industries IPO Issue Object
The Object for which their Company intends to use the Net Proceeds is:
- To Meet Working Capital Requirement
- Bridge Financing Facilities
- Monitoring Utilization of Funds
Billwin Industries Limited: Competitive Strength
- Quality Service
- Experience of their Promoters and Their Team
- Diversified Product Portfolio offering affordable apparels across various price segments
- Semi-automated units
- Needs of customers
- Existing distribution and sales networks
Billwin Industries IPO – Basis of the Offer Price
The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.
Qualitative factors are:
- Quality Service
- Experience of their Promoters and Their Team
- Diversified Product Portfolio offering affordable apparels across various price segments
- Semi-automated units
- Needs of customers
- Existing distribution and sales networks
- Locational advantage
Billwin Industries IPO – Quantitative Factors
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-17 | 0.04 | 24.91 | – |
| 31-Mar-18 | 1.45 | 90.79 | – |
| *31-Mar-19 | 1.36 | 66.57 | 27.00 |
- Price to Earnings (P/E) ratio in relation to Price band of Rs.37.00 of Rs.10 per each
| Particulars | P/E ratio |
| Highest | – |
| Average | – |
| Lowest | – |
Billwin Industries Limited: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per share (Rs.) | |
| Billwin Industries Limited | 10 | 84.61 | 0.44 | 1.27 | 37.44 |
| Listed Peers | |||||
| Dilip Buildcon | 10 | 9.16 | 22.57 | 16.07 | 140.45 |
Billwin Industries IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES PRIVATE LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 4002 5273 / 98368 22199/ 98368 21999 Email: info@gretexgroup.com/ mb@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Amina Khan SEBI Registration No: INM000012177 CIN: U74999MH2008PTC288128 |
Billwin Industries 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 Email: ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Arvind Tandel SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Billwin Industries IPO – Other Details
- Statutory Auditor – Gupta Agarwal & Associates
- Legal Counsel to the Company – M V Kini, Law Firm
- Bankers to the Company – [●]
Billwin Industries IPO Review by Top 10 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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