Bonlon Industries Ltd IPO Dates, Bid, Size, Allotment, Subscription, GMP, Listing

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
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of Bonlon Industries Limited IPO

Bonlon Industries 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 / DateNIIRIITotal Subscription
    1st Day –  June 300.02x0.00x0.01x
    2nd Day – July 10.40x0.03x0.21x
    3rd Day – July 2 1.29x0.06x0.67x
    4th Day – July 32.51x0.21x1.36x
    Shares Offered or Net Issue17,84,000 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 FinalizationJuly 7
    Refunds InitiationJuly 8
    Credit of Shares to Demat AccountJuly 9
    Share Listing DateNA

    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)
    31-Mar-1931-Mar-1831-Mar-17
    Total Assets6,443.674,053.154,921.66
    Total Revenue21,744.3124,313.493,534.31
    Total Expense21,780.0024,392.3323,855.13
    Profit After Tax282.3227.7817.47

    Earnings per Equity Share (in lakhs)

    31-Mar-1931-Mar-1831-Mar-17
    Basic & Diluted3.790.930.58

    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.

    Property Interest

    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 Company37,56,000 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.
     Of which:
    Market Maker Reservation Portion1,88,000 Equity Shares, aggregating Rs. 52.64 Lakhs.
    Net Issue to the Public35,68,000 Equity Shares, aggregating Rs. 999.04 Lakhs
     Of which:
    (A) Retail Portion17,84,000 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 Portion17,84,000 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 Issue10,427,358 Equity Shares
    Equity Shares outstanding after the Issue10,427,358 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 EPSRONW NAV (Rs.)
    31-Mar-173.795.84%
    31-Mar-180.932.14
    31-Mar-190.581.37%46.40
    • Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
    ParticularsP/E ratio
    Highest
    Average
    Lowest

    Bonlon Industries Competitive Peers: 

    CompaniesEPSPE RatioFace Value
    Bonlon Industries Limited3.797.3910.00
    Hisar Metal Industries Limited9.865.1410.00
    Shalimar Wires Industries Limited(1.20)6.2010.00

    Bonlon Industries Limited IPO Lead Managers

    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:ipo@sarthiwm.in
    Website: www.sarthi.in
    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
    E-mail: ipo@bigshareonline.com
    Website: www.bigshareonline.com
    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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