Benara Bearings & Pistons IPO is set to make its debut on 20 March 18 with 33.49 cr is an ISO 9001:2015 certified company engaged in the manufacturing of engine bearings, bushes, pistons, piston pin, piston rings, cylinder liners and sleeves and engine valves.
Benara Bearings & Pistons IPO – overview
| IPO Dates | 20-22 March 18 |
| IPO Price | INR 63 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 5,316,000 shares (INR 33.49 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
Incorporated in 1990, Benara Bearings & Pistons Ltd is an ISO 9001:2015 certified company engaged in the manufacturing of engine bearings, bushes, pistons, piston pin, piston rings, cylinder liners and sleeves and engine valves.
They are also in the business of marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, valve seals & batteries (Motorcycle / Inverter / E Rickshaws) under their own brand which they source through third party contract manufacturing. The company markets its products in the OEM and Replacement market.
Company has two manufacturing facilities, which are situated at Sikandra, Agra (“Unit I”) where they manufacture piston pin, piston ring and engine bearing and bushes and other one is at Artoni, Agra-Mathura Road Agra (“Unit II”) where they manufacture piston, cylinder block / liner and engine valve. The company’s products are well known in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Haryana, Gujarat, Delhi NCR and West Bengal.
Objects of the Issue
1.. Expansion of the Company by way of opening retail stores for automobile parts across the country;
2. Funding the working capital requirements of the Subsidiary Company-Benara Solar Private Limited (BSPL);
3. Funding the working capital requirements of the Company;
4. General Corporate Purposes.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 6119.03 | 5151.80 | 4383.58 |
| Total Revenue | 10437.82 | 8024.05 | 7180.55 |
| Profit After Tax | 455.38 | 75.68 | 45.96 |
Company Contact Information
Benara Bearings & Pistons Ltd
A-3 & 4 Site B,
Industrial Area, Sikandra,
Agra – 282007
Phone: +91-562-2970158
Email: investorgrievance@benara-phb.com
Website: http://www.benara-phb.com
Benara Bearings IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Benara Bearings IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
