Business description – Benara Bearings is engaged in the manufacturing of engine bearings, bushes, pistons, piston pin, piston rings, cylinder liners and sleeves and engine valves. The company is also engaged in the marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, valve seals & batteries (Motorcycle / Inverter / E Rickshaws) under its own brand which it sources through third party contract manufacturing.
The company markets its product in OEM and Replacement market. The company’s major focus is on two wheeler replacement market. For the fiscal year 2016-17, OEM and Replacement market contributed Rs. 464.39 Lakhs and Rs. 7,266.04 Lakhs respectively towards the revenue operations of the company on a standalone basis.
Promoters of Benara Bearings and Pistons – Panna Lal Jain & Vivek Benara
| Benara Bearings IPO details | |
| Subscription Dates | 20 – 22 March 2018 |
| IPO Price band | INR60 – 63 per share |
| Fresh issue | 5,316,000 shares (INR31.90 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,316,000 shares (INR31.90 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Opening retail stores for automobile parts across the country – INR7.50 crore
- Funding working capital requirements of BSPL – INR5.00 crore
- Working capital requirements of Benara Bearings – INR10.50 crore
| Benara Bearings’ standalone financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 49.87 | 51.88 | 71.81 | 80.24 | 104.38 | 46.14 |
| Total expenses | 49.53 | 51.85 | 71.11 | 79.08 | 98.03 | 42.31 |
| Profit after tax | 0.23 | 0.03 | 0.46 | 0.76 | 4.55 | 2.58 |
Benara Bearings’ Contact Details
Benara Bearings And Pistons Limited
A-3 & 4, Site B
Industrial Area, Sikandra
Agra, Uttar Pradesh, 282007
Phone: +91 562 2970158
Email: [email protected]
Website: www.benara-phb.com
Benara Bearings IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.53 |
| Day 2 | 0.73 |
| Day 3 | 1.80 |
Benara Bearings Valuation (Latest FY)
Earnings Per Share (EPS): INR3.40
Price/Earnings (P/E) ratio: 17.64 – 18.52
Return on Net Worth (RONW): 21.44%
Net Asset Value (NAV): INR16.15 per share
Registrar of Benara Bearings IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Benara Bearings IPO Allotment Status
Benara Bearings IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Benara Bearings
IPO Opening Date: 20 March 2018
IPO Closing Date: 22 March 2018
Finalisation of Basis of Allotment: 27 March 2018
Initiation of refunds: 28 March 2018
Transfer of shares to demat accounts: 2 April 2018
Listing Date: 3 April 2018
Listing Price on BSE SME: INR64 per share (up 1.59% from IPO price)
Closing Price on BSE SME: INR61.95 per share (down 1.67% from IPO price)
