The Initial public offering of Bindal Exports Limited is expected to get listed on the Bombay Stock Exchange SME platform in upcoming days. Bindal Exports IPO related information like Price band, Dates, Company Profile. Allotment Status, Listing dates and others relevant contents are mentioned here for your reference. The company has submitted a draft prospectus and got approval from the Exchange regulator ‘SEBI ‘.
The issue will open on 30th September 2016 with a price Rs. 16 Per Equity Share. The lot size i.e. 30 shares has been set to apply for IPO. One can apply the issue through ASBA i.e. Application supported by Blocked amount only. The maximum application amount for retail investor stood at Rs. 2 lacs. Equity shares offering by the bank aggregating up to 1,248, 000 Equity shares of Face value Rs.10 each.
The Company was established on February 04, 1997, located in Surat, India. The company works as a subsidiary of Bindal Group. The firm is comprehensively dealing in the business in fabrics of different types, including polyester, rayon, cotton, satin, chiffon, knitted fabric, viscose, for the use of garment houses who are manufacturing further the garments in the apparel industry. It is also engaged to deliver final products of fabrics and grey cloth further to trade. It offers job works of fabrics which include embroidery work, Tikli work, glitter work, etc. along with stitching and cutting facility with requisite machineries and facilities to satisfy the requirements of its customers. It delivers various products in Indian market like dyed and printed fabrics of polyester, cotton and viscose base; Indian ethnic wear like saree and salwar-kurta-dupatta, embellished stoles and Scarves and flags. The products of the company are widely known and sold in both of the market domestic and International market.
Business Activities of the firm is categorized into three parts as below:
- Supply of Fabrics
- Trading of Fabrics and Grey Cloth
- Stitching Unit ( Job Work Activities)
Outlook of the Firm:
- Knowledgeable and experienced Management team;
- Maintain Quality Assurance;
- Co-relation with its group company as well;
- Strong marketing division;
- Locational Advantage;
- Robust Business Model.
Objects Of The Issue:
- To fulfill the requirement of working capital;
- General Corporate Purpose
Summary Of Bindal Exports IPO
|Issue Open:-||30th September to 6th October 2016|
|Issue Type||Fixed Price Issue IPO|
|Issue Size (Shares)||[1,248,000]Equity Shares of Rs. 10|
|Issue Size in (Value)||Rs. 2 Crore|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 15 Per Equity Shares|
|Market lots||Rs. 8000 Shares|
|Minimum Order Quantity||Rs. 8000 Shares|
|Listing At||BSE SME|
The Public offer includes:-12,48,000 Equity Shares
Bindal Exports IPO Allotment Status
Bindal Exports IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as Bindal Exports IPO
- Enter you PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
The Shares of Bindal Exports are likely to be listed October 14,2016 on BSE SME.
Promoters Of the Company:
Ravindrakumar Arya: He is 56 years old. He is chairman & Managing director of the company.
|Particulars||For the year/Period ended (Rs. in Lakhs)|
|Profit After Tax (PAT)||5.95||1.46||6.70||9.10||8.38|
Book Running Lead Managers Details:
Pantomath Capital Advisors Private Limited
406-408, Keshav Premises, Behind Family Court, Bandra Kurla Complex, Bandra(East)
Mumbai 400051, Maharashtra India
Tel: +91-2261946722 Fax: +91-22026598690
Investor Grievance Id:- firstname.lastname@example.org
Contact Person: Kirti Kanoria
Registrar To The Issue:
BIGSHARE SERVICES PRIVATE LIMITED
E-2, Ansa Industrial Estate, Sakhivihar Road, Sakinaka, Andheri (East), Mumbai – 400 072, Maharashtra, India
Tel. No.: +91-22 – 40430200 Fax No.: +91-22 – 28475201
Investor Grievance Id: email@example.com
Contact person: Babu Rapdhael
SEBI Registration Number: INR000001385
Registered Office Details:
Block No. 270, Near Kumbharia Bus Stand,
Surat- Kadodara Road, Kumbharia, Surat , Gujarat- 395006, India
Tel No: +91 02612640706; Fax No; +91 02612640705
Contact Person: Hiren Shah, Company Secretary and Compliance Officer
Email: info@ bindalexports.com