Let’s have a detailed review of the company and analytics of the Bonlon Industries Limited IPO release date, IPO offer price, subscription, Bonlon Industries Ltd IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.
Bonlon Industries Ltd IPO Review & Ratings
|IPO Ratings & Review|
|Top Brokers Review||7.9/10|
Summary of Bonlon Industries Limited IPO
They began operations in the year 1997 with the trading of copper rods and copper bars which were manufactured by renowned market players like Hindustan Copper Limited, Sterlite India and Hindalco Industries Limited.
Later on, in the year 2006 company began supervising the manufacturing activities of Colombo Copper Private Limited, a company based in Colombo, Sri Lanka which was engaged in the business of manufacturing of copper bars.
The Promoters of this company are Bonlon Industries Limited and Communication Limited IPO is Mr. Arun Kumar Jain. The lead managers to the issue are SARTHI CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Bonlon Industries Ltd IPO Date
The opening and the closing date of the Bonlon Industries Limited IPO is from June 30 to July 3, 2020.
Bonlon Industries Limited IPO Subscription
Here you can click and check the LIVE bid details – Bonlon IPO Bid Detail
|Day / Date||NII||RII||Total Subscription|
|1st Day – June 30||0.02x||0.00x||0.01x|
|2nd Day – July 1||0.40x||0.03x||0.21x|
|3rd Day – July 2||1.29x||0.06x||0.67x|
|4th Day – July 3||2.51x||0.21x||1.36x|
|Shares Offered or Net Issue||17,84,000||17,84,000||3,568,000|
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Bonlon Industries Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
|Basis of Allotment Finalization||July 7|
|Refunds Initiation||July 8|
|Credit of Shares to Demat Account||July 9|
|Share Listing Date||NA|
Percentage of Issue Size available for allocation is 94.99% of the Issue size (50% to Retail Individual Investors and the balance 50% to other investors).
Bonlon Industries Limited IPO Price Band or Cash Price
The cash price for this IPO is Rs. 28 per Equity Share, and the premium is Rs. 18.
Bonlon Industries Limited IPO Issue Size
The Issue excluding the Market Maker Reservation Portion of 35,68,000 Equity Shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 28/- Equity Share aggregating Rs. 999.04 Lakhs by our Company.
Issue Proceeds from the fresh Issue that will be available to our Company, being Rs. 1051.68 Lakhs. The face value of the Equity Shares is Rs.10/- and the Issue Price is 2.8 times of the face value.
Public Issue of 37,56,000 Equity Shares of face value of Rs. 10/- each fully paid of Bonlon Industries Limited for cash at a price of Rs. 28/- per Equity Share (including a premium of Rs.18/- per Equity Share) aggregating Rs. 1051.68 Lakhs.
Bonlon Industries IPO Offering
The Issue size comprises issuance of up to 37,56,000 Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. 28/- per Equity Share aggregating to Rs. 1051.68 Lakhs.
- Net Issue to the Public: 35,68,000 Equity Shares
- RII: 17,84,000 Equity Shares
- NII: 17,84,000 Equity Shares
Bonlon Industries Limited – Company Overview
Company was incorporated on January 21, 1997 as a private limited company under the provisions of the erstwhile Companies Act, 1956 with the Registrar of Companies, Jaipur in the name and style of Bonlon Steels Private Limited with Mr. Arun Kumar Jain and Mr. Rajat Jain as the subscriber to the MOA.
Company was incorporated on January 21, 1997 as a private limited company under the provisions of the erstwhile Companies Act. At present, the registered office of Company is situated at 7A/39 (12- First Floor), WEA Channa Market, Karol Bagh, New Delhi- 110005
Bonlon Industries Limited Business Model
Since the early days of inception, company have gathered the industry knowledge, market awareness and also possess the infrastructure to support our manufacturing activities.
Their products can be applied in array of industries like electrical, construction, transport, automobile etc.
In order to synergize the operations and attaining higher business efficiencies, three of group companies i.e.
- Smita Global Private Limited (hereinafter referred as transferor company.
- Harshit Promoters Private Limited (hereinafter referred as transferor company
- Harshit Infratech Private Limited (hereinafter referred as transferor company.
They were engaged in different segments of business, were amalgamated with our Company in pursuance of Section 230-232 of the Companies Act, 2013 and the Order of the Hon’ble National Company Law Tribunal, Principal Bench, New Delhi dated June 13, 2018.
Bonlon Industries Limited Business Process
Company have the capability and flexibility to meet the exact specifications and sizes of the products as per the
requirements of customers.
They have set manufacturing facilities and team of motivated and experienced
staff in production and sales to meet the quality and service expectations of customers.
Business strategies of Bonlon Industries Limited
- Growth in the existing product lines
- Adding new products in the existing verticals
- Foray into new verticals and business lines
- Exploring new regions and geographies
- Focus on niche products
Bonlon Industries 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 of Bonlon Industries Limited IPO
On the basis of Consolidated statement:-
|Amount (in INR & lakhs)|
|Profit After Tax||282.32||27.78||17.47|
Earnings per Equity Share (in lakhs)
|Basic & Diluted||3.79||0.93||0.58|
Bonlon Industries Limited may NOT perform well.
Bonlon Industries Limited IPO – Promoters
The Promoter of this company is:
- Mr. Arun Kumar Jain
List of Related Parties (Key Managerial Personnel)
- Mr. Raj Jain (Managing Director)
- Mr. Ankit Gupta (Chief Financial Officer)
- Mr. Naveen Kumar (Company Secretary & Compliance Officer)
Interest in promotion of the Company
Promoter may be deemed to be interested in the promotion of the Issuer to the extent of the Equity Shares held by him as well as his relatives and also to the extent of any dividend payable to them and other distributions in respect of the aforesaid Equity Shares.
Promoter do not have any interest in any property acquired by our Company in last two years or proposed to be
acquired by Company.
Interest in Intellectual Rights of the Company
As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.
Bonlon Industries Ltd IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Issue of Equity Shares by our Company||37,56,000 Equity Shares of face value of Rs. 10/- each fully paid-up of the Company for cash at issue price of Rs. 28/- per Equity Share aggregating Rs. 1051.68 Lakhs.|
|Market Maker Reservation Portion||1,88,000 Equity Shares, aggregating Rs. 52.64 Lakhs.|
|Net Issue to the Public||35,68,000 Equity Shares, aggregating Rs. 999.04 Lakhs|
|(A) Retail Portion||17,84,000 Equity Shares for cash at price of Rs. 28/- per Equity Share will be available for allocation to investors up to Rs. 2.00 Lakhs|
|(B) Non – Institutional Portion||17,84,000 Equity Shares for cash at price of Rs. 28/- per Equity Share will be available for allocation to investors above Rs. 2.00 Lakhs|
|Pre-and Post-Issue Equity Shares|
|Equity Shares outstanding prior to the Issue||10,427,358 Equity Shares|
|Equity Shares outstanding after the Issue||10,427,358 Equity Shares|
Bonlon Industries Limited IPO Issue Object
These are the IPO Issue Objects of the company
- To meet the working capital requirements of our Company,
- To meet Issue Expenses.
Bonlon Industries Limited 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:
- Established and proven track record;
- Leveraging the experience of our Promoter;
- Experienced management team and a motivated;
- Cordial relations with our customers
The relevant quantitative factors are:
On the basis of standalone statement:-
|Basic & Diluted EPS||RONW||NAV (Rs.)|
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
Bonlon Industries Competitive Peers:
|Companies||EPS||PE Ratio||Face Value|
|Bonlon Industries Limited||3.79||7.39||10.00|
|Hisar Metal Industries Limited||9.86||5.14||10.00|
|Shalimar Wires Industries Limited||(1.20)||6.20||10.00|
Bonlon Industries Limited IPO Lead Managers
|SARTHI CAPITAL ADVISORS PRIVATE LIMITED|
Unit No. 411, Fourth Floor, Pratap Bhawan, 5,
Bahadur Shah Zafar Marg, New Delhi-110002
Tel: +91 011 23739425-27
Fax:+91 011 23739424
Investor Grievance Email:email@example.com
Contact Person: Mr. Anand Lakhotia
SEBI Registration No.: INM000012011
Bonlon Industries Limited 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 – 400059
Tel: +91 22 62638200
Fax: +91 22 62638299
Contact Person: Mr. Arvind Tandel
SEBI Registration No.:INR000001385
Bonlon Industries Limited IPO Other Details:
- Statutory Auditor – Gaur & Associates, Chartered Accountants
- Peer Review Auditor – RPMD & ASSOCIATES, Chartered Accountants
- Bankers to the Company – BANK OF INDIA
Bonlon Industries IPO Grey Market Premium
The Bonlon Industries Limited 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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Bonlon Industries Limited IPO News
News 1 – Download DRHP Prospectus
News 2 – Download RHP Prospectus
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