Bonlon Industries IPO Details
Bonlon Industries IPO description – Bonlon Industries started operations in the year 1997 with the trading of copper rods and copper bars manufactured by renowned market players like Hindustan Copper Limited, Sterlite India and Hindalco Industries Limited. In 2006, the company started supervising 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. Bonlon Industries imported these copper bars and started producing copper wires from the same on job work basis. With evolution of time, it gained experience in the manufacturing, trading, and marketing of the products made from copper. Eventually in 2013, it started its own manufacturing unit at Bhiwadi in Rajasthan for the production of copper rods.Â
For attaining better business efficiencies, three of its group companies – Smita Global Private Limited, Harshit Promoters Private Limited, and Harshit Infratech Private Limited were amalgamated with core operations of he parent company in 2018.Â
Promoters of Bonlon Industries – Mr Arun Kumar JainÂ
Bonlon Industries IPO details | |
Subscription Dates | 30 June – 3 July 2020 |
Price Band | INR28 per share |
Fresh issue | 3,756,000 shares (INR10.52 crore) |
Offer For Sale | Nil |
Total IPO size | 3,756,000 shares (INR10.52 crore) |
Minimum bid (lot size) | 4,000 shares |
Face Value | INR10 per share |
Retail Allocation | 50% |
Listing On | BSE SME platform |
Bonlon Industries’ financial performance (in INR crore) |
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 | FY2017 | FY2018 | FY2019 | 9M FY2020 |
Revenue | 238.8 | 243.1 | 217.4 | 187.0 |
Expenses | 240.0 | 243.9 | 217.8 | 184.6 |
Net income | -1.23 | 0.28 | 2.82 | 13.88 |
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Registrar of Bonlon Industries IPO
Bigshare Services Private LimitedÂ
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road Marol, Andheri (East), Mumbai – 400059 Phone: +91 22 6263 8200 Email: [email protected] Website: www.bigshareonline.com
Valuation of Bonlon Industries IPO (FY2019)
Earnings Per Share (EPS): INR3.79Â Price/Earnings (PE ratio): 7.39Â Return on Net Worth (RONW): 6.01% Net Asset Value (NAV): INR45.05 per share
Bonlon Industries IPO Subscription Details
Day |
Subscription (no. of times) |
Day 1 |
0.01 |
Day 2 |
0.21 |
Day 3 | 0.64 |
Day 4 | 1.36 |
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Bonlon Industries Contact Details
Bonlon Industries Limited
7A/39 (12- First Floor),
WEA Channa Market, Karol Bagh,
New Delhi- 110005, India
Phone: 011 47532792Â
Email: [email protected]
Website: www.bonlonindustries.com
Bonlon Industries IPO Allotment Status
Bonlon Industries’ IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Performance of Bonlon Industries
IPO Opening Date: 30 June 2020
IPO Closing Date: 3 July 2020
Listing Date: 13 July 2020Â
Opening Price on BSE SME: INR21 per share (down 25% from IPO price)Â
Closing Price on BSE SME: INR21 per share (down 25% from IPO price)