Bharat Wire Ropes IPO details- Price, Date, Prospectus, Allotment, Listing

Bharat Wire Ropes Ipo detailsBharat Wire Ropes Ltd is set to hit capital markets with its IPO opening on Mar 18, 2016 and closing on mar 22, 2016. The Price band for the issue is fixed at Rs. 40 to Rs. 45 for each equity share with a face value of Rs. 10. The Share is proposed to get listed on both National Stock Exchange and Bombay Stock Exchange.

Bharat Wire Ropes Ltd. was incorporated in 1986 and is working towards manufacturing and sales of wire ropes, structural strands, slings and wires. These products are used in general engineering, elevators, cranes, fishing, material handling, suspension bridges, power transmission, onshore / offshore oil exploration, ports and shipping, mining, railways, defense etc. Apart from this, the Company is also engaged in the business of trading of the steel related products.

Bharat Wire Ropes will be available at the capital markets on March 18,2016  to raise Rs 70 crore through an initial public offering (IPO). The offer would also include reservation of equity shares worth Rs 3.5 crore for subscription by eligible employees.

Intensive Fiscal Services and BOB capital markets will manage this issue.

Purpose of The Issue

1) Ready to utilize Rs. 6,000 lacs from the Net Proceeds towards part finance to set up a New Units at MIDC Zone, at Chhattisgarh Distt:-Jalgaon, Maharashtra.

2) To  meet General Corporate Expenses

3) Provide a public market for the Equity Shares in India.

IPO detailsBharat Wire Ipo

Issue Open date : Mar 18, 2016

Issue Close Date : Mar 22, 2016

Issue Size : Rs. 70 crores approx.

Price Band : Rs. 40 to Rs. 45 per equity share

Face Value : Rs. 10 per equity share

Market Lot :

Minimum Order Quantity :

Listing on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)

Bharat Wire Ropes IPO prospectus Link

The public offer includes:-

Particular Number Of Equity Shares
Public Issue of Equity Shares aggregating up to Rs. 7,000 lacs
Equity Shares outstanding prior to the Issue 2,93,96,693 Equity Shares

Company profile

Bharat Wire Ropes is set up on July 24,1986 . It is basically a wire rope and wires manufacturing company. The company is engaged in manufacturing  and sales of wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. It is also engaged in the business of trading of the steel related products. Apart from that, it is also trading the steel related products.

BWR’s steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. The company also have a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel in our current manufacturing process.

Company is focusing  to set up a stocking point in Houston or Louisiana either on its own or through a franchising model to cater to the oil and gas, mining, shipping, port, elevator, cranes and general material handling ropes segments of rope consumers in the USA, Brazil and Canada to instantly service the customer requirements. Further, the company is proposing to tie-up with various oil rigging shops to bid for rope and slings contracts.

The company is an ISO 9001:2008 certified company for the manufacture and supply of steel wire ropes, stainless steel wire ropes, non-ferrous wire ropes, slings, relevant conductors, wire for specialized applications and rope fittings in domestic and international market.

 Outlook of the Company

  • Global Reach
  • Pan-India Customer Base
  • Diversified client base
  • Established Player in the Indian Wire Rope Industry, Diversified Product Mix
  • Experienced Management Team

Registered Office Details

Plot No. 1&4, Atgaon Industrial Complex,

Mumbai – Nasik Highway, Atgaon – East, Taluka- Shahpur,

District – Thane – 421 601, Maharashtra, India.

Tel No.: +91 2527 240123 / 124 / 197 Fax No.: +91 2527 240196

Promoters of the Company

Gaji Mercantile Private Limited :- Gaji Mercantile Private Limited purchased 1,06,75,490 equity shares of BWG Company.

Mr. Murarilal Ramsukh Mittal :-  He is 57 years old. He is the Managing Director of the Company.

Mrs. Usha Mittal:- She is 53 years old.  She has an aggregate experience of 7 years in the field of business.

Mr. Manan Mittal:- He is 19 years old. He does not currently hold directorships in any company but is one of the designated partners in Gyanshankar ETrading LLP and Gyanshankar Services LLP. He is one of the partners in VanijyaESolutions LLP and is also one of the members of ML Mittal (HUF).


Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Jan-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Equity & Liabilities 1443.7 1419.5 1465.1 1427.9 1042.6
Total Assets 1443.7 1419.5 1465.1 1427.9 1042.6
Total Revenue 678.4 822.9 743.9 770.2 769.9
Total Expenses 651.6 798.6 722.3 740.1 743.7
Profit After Tax (PAT) 17.02 15.03 14.75 21.40 17.74
Earning  Per Share (Rs.)
Basic 0.058 0.051 0.050 0.166 0.141
Diluted 0.058 0.051 0.050 0.166 0.141


Lead Manager Details

Intensive Fiscal Services Private Limited

914, 9th Floor, Raheja Chambers, Free Press Journal Marg, Nariman Point,

Mumbai – 400 021, Maharashtra, India

Tel No.: +91 – 22 – 22870443/44/45 Fax No.: +91 – 22 – 22870446 E-mail:

Investor Grievance


BOB Capital Markets Limited

3rd Floor, South Wing, UTI Tower, Gn Block, Bandra Kurla

Complex, Bandra East,

Mumbai 400 051, Maharastra, India

Tel No.: +91 22 6138 9300 Fax No.: +91 22 6671 8535 E-mail:

Investor Grievance


Registrar To The Issue

Karvy Computershare Private Limited

Karvy Selenium, Tower B, Plot number 31 & 32, Gachibowli,

Financial District, Nanakramguda,

 Hyderabad 500 032,  Andhra Pradesh, India

Toll Free no. : 1800 3454 001 Tel No.: +91- 40 67162222 Fax No.: +91- 40 – 23431551

E-mail id :

Website :


Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals