IPO Issue Details
Issue Price / Price Band₹58 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size6,84,000 shares (aggregating up to ₹3.97 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 02 Sep 2021
Subscription CloseTue, 07 Sep 2021
Anchor AllotmentWed, 01 Sep 2021
Basis of AllotmentMon, 13 Sep 2021
Initiation of RefundsTue, 14 Sep 2021
Credit of Shares to DematWed, 15 Sep 2021
Listing DateThu, 16 Sep 2021
UPI Mandate Deadline2021-09-07
Application & Investment Details
Retail — Min (1 Lots)₹1,16,000 — 2,000 shares
Retail — Max (13 Lots)₹1,508,000 (13 Lots)
HNI — Min (2 Lots)₹2,32,000 — 4,000 shares
Net Offer to Public6,48,000 shares (aggregating up to ₹3.76 Cr)
Reserved for Market Maker36,000 shares (aggregating up to ₹0.2088 Cr)
Pre-IPO Promoter Holding14,80,000 shares
Post-IPO Promoter Holding25,80,667 shares
About BEW Engineering Ltd.
Incorporated in 2011, BEW Engineering is engaged in the design and manufacturing of filters and dryers for the Chemicals Industry comprising of Pharmaceuticals – API, Agro Chemicals, and Specialty Chemicals. The company's product portfolio includes a range of filtration, mixing and drying equipment, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Argo Chemicals, Pesticides, Insecticides, Dyes and Food Products.Top states contributing to the company’s revenue are Maharashtra, Andhra Pradesh, Gujarat, Telangana & Karnataka.Competitive strengthsThree decades of market presence contributing to strong brand value and loyal customers.Cost-effective, high-quality equipment manufacturing with certification from ASME U & R stamp.Strong and experienced leadership.Efficient sales support teams catering to key customers across the country.
Objects of the Issue
BEW Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Meeting additional Working Capital Requirements,
3.48
2
2 General Corporate Purpose
0.19
Shareholding & Lock-in
Pre-IPO Promoter Holding
14,80,000 shares
Post-IPO Promoter Holding
25,80,667 shares