IPO Issue Details
Issue Price / Price Band₹25 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size12,96,000 shares (aggregating up to ₹3.24 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 28 Sep 2015
Subscription CloseWed, 30 Sep 2015
Anchor AllotmentSun, 27 Sep 2015
Basis of AllotmentTue, 06 Oct 2015
Initiation of RefundsWed, 07 Oct 2015
Credit of Shares to DematWed, 07 Oct 2015
Listing DateThu, 15 Oct 2015
UPI Mandate Deadline2015-09-30
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 6,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 12,000 shares
Net Offer to Public12,24,000 shares (aggregating up to ₹3.06 Cr)
Reserved for Market Maker72,000 shares (aggregating up to ₹0.1800 Cr)
Pre-IPO Promoter Holding35,00,000 shares
Post-IPO Promoter Holding47,96,000 shares
About Vishal Bearings Ltd.
Incorporated in 1992, Vishal Bearings Ltd is Rajkot, Gujarat based manufacturer of bearing rollers. Company manufacture taper bearing rollers, cylindrical bearing rollers, spherical bearing rollers and supply it to reputed bearing manufacturer and OEM across India. Vishal Bearings also exports bearing rollers.Entire process of manufacturing bearing rollers is done in-house which ensures quality product and timely delivery. Vishal Bearings is certified as ISO 9001:2008 & ISO/TS 16949:2002.
Objects of the Issue
Vishal Bearings Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Working Capital Requirement
2.86
2
2 Public Issue Expenses
0.38
Shareholding & Lock-in
Pre-IPO Promoter Holding
35,00,000 shares
Post-IPO Promoter Holding
47,96,000 shares