Bindal Exports IPO - Price, Date, Details, Allotment, Listing

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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.

Company Profile:

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.

Financials:

Particulars		For the year/Period ended (Rs. in Lakhs)
Financial Year	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Liabilities	1773.31	1966.92	2238.19	2258.79	2338.04
Total Assets	1773.31	1966.92	2238.19	2258.79	2338.04
Total Revenue	2468.23	2792.57	2864.21	3486.55	3738.35
Total Expenses	2459.73	2792.26	2851.19	3473.16	3712.69
Profit After Tax (PAT)	5.95	1.46	6.70	9.10	8.38