Bonlon Industries IPO Details

Bonlon Industries IPOBonlon 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. 

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. 

Promoters of Bonlon Industries – Mr Arun Kumar Jain 
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
Advertisement

Bonlon Industries’ financial performance (in INR crore)

  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
         

Registrar of Bonlon Industries IPO

Bigshare Services Private Limited 
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): INR3.79  Price/Earnings (PE ratio): 7.39  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  
   
   

Bonlon Industries Contact Details

Bonlon Industries Limited
7A/39 (12- First Floor),
WEA Channa Market, Karol Bagh,
New Delhi- 110005, India
Phone: 011 47532792 
Email: [email protected]
Website: www.bonlonindustries.com

Bonlon Industries IPO Allotment Status

Bonlon Industries’ IPO allotment status will be 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: To be updated
Opening Price on BSE SME: To be updated
Closing Price on BSE SME: To be updated

LEAVE A REPLY

Please enter your comment!
Please enter your name here