Benara Bearings IPO

Benara Bearings IPOBusiness description - Benara Bearings is engaged in the manufacturing of engine bearings, bushes, pistons, piston pin, piston rings, cylinder liners and sleeves and engine valves. The company is also engaged in the marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, valve seals & batteries (Motorcycle / Inverter / E Rickshaws) under its own brand which it sources through third party contract manufacturing.

The company markets its product in OEM and Replacement market. The company’s major focus is on two wheeler replacement market. For the fiscal year 2016-17, OEM and Replacement market contributed Rs. 464.39 Lakhs and Rs. 7,266.04 Lakhs respectively towards the revenue operations of the company on a standalone basis.

Promoters of Benara Bearings and Pistons – Panna Lal Jain & Vivek Benara
Benara Bearings IPO details
Subscription Dates 20 - 22 March 2018
IPO Price band INR60 - 63 per share
Fresh issue 5,316,000 shares (INR31.90 crore)
Offer for sale Nil
Total IPO size 5,316,000 shares (INR31.90 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Opening retail stores for automobile parts across the country - INR7.50 crore
  • Funding working capital requirements of BSPL - INR5.00 crore
  • Working capital requirements of Benara Bearings - INR10.50 crore
Benara Bearings' standalone financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 6M FY2018
Total revenue 49.87 51.88 71.81 80.24 104.38 46.14
Total expenses 49.53 51.85 71.11 79.08 98.03 42.31
Profit after tax 0.23 0.03 0.46 0.76 4.55 2.58
Benara Bearings' Contact Details

Benara Bearings And Pistons Limited
A-3 & 4, Site B
Industrial Area, Sikandra
Agra, Uttar Pradesh, 282007

Phone: +91 562 2970158
Email: [email protected]

Benara Bearings IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.53
Day 2 0.73
Day 3 1.80
Benara Bearings Valuation (Latest FY)

Earnings Per Share (EPS): INR3.40

Price/Earnings (P/E) ratio: 17.64 - 18.52

Return on Net Worth (RONW): 21.44%

Net Asset Value (NAV): INR16.15 per share

Registrar of Benara Bearings IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Benara Bearings IPO Allotment Status

Benara Bearings IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Benara Bearings

IPO Opening Date: 20 March 2018

IPO Closing Date: 22 March 2018

Finalisation of Basis of Allotment: 27 March 2018

Initiation of refunds: 28 March 2018

Transfer of shares to demat accounts: 2 April 2018

Listing Date: 3 April 2018

Listing Price on BSE SME: INR64 per share (up 1.59% from IPO price)

Closing Price on BSE SME: INR61.95 per share (down 1.67% from IPO price)

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