BEW Engineering Ltd Share Price: IPO Date, Price, GMP, Review, Details
BEW Engineering Ltd Share Price: IPO Date, Price, GMP, Review, Details
Established in 2011, BEW Engineering Ltd is a Maharashtra-based manufacturer of filters and dryers that are used in the chemicals industry. In addition to these two products the company is also involved in the production of mixing equipment, sterile applications, intermediate compounds, and fine chemicals, among others.
The company boasts of strong brand value and loyal customers, thanks to its decade-long market presence. For the year ended 31st March, 2021, the company clocked a revenue of Rs. 7,354.59 lakhs, with the net profit standing at Rs. 286.53 lakhs.
| Opening Date | September 02, 2021 |
| Closing Date | September 07, 2021 |
| Face Value | Rs. 10 per equity share |
| IPO Price | Rs. 58 per equity share |
| Minimum Order Quantity | 2,000 equity shares |
| Issue Size | 684,000 equity shares (Rs. 3.97 crores) |
BEW Engineering Limited is another entity from the SME segment that has come up with an IPO of its own.
BEW Engineering Ltd IPO details
Now that we’re done with the brief introduction of the company, let’s move onto the details of the upcoming IPO such as the BEW Engineering Ltd IPO date and BEW Engineering Ltd IPO share price.
BEW Engineering Ltd IPO date
The public issue of BEW Engineering Ltd is all set to open up to the public for subscription on September 02, 2021. After staying open for about six days, the issue is slated to come to a close on September 07, 2021.
BEW Engineering Ltd IPO issue size
The company plans to issue around 684,000 equity shares for an aggregate value of Rs. 3.97 crores. The issue size doesn’t comprise of any offer for sale from its promoters and is out and out a fresh issue.
BEW Engineering Ltd IPO share price
The latest IPO from BEW Engineering carries a fixed IPO price of Rs. 58 per equity share. Such a low IPO price makes it very much affordable for retail investors.
BEW Engineering Ltd IPO listing
As you know already, the upcoming IPO of the company is from the SME segment. And so, the shares of the entity will be listed on the NSE’s SME platform – EMERGE.
BEW Engineering Ltd IPO objectives
The net proceeds from this public issue would be used by the company to fund its working capital requirements and for general corporate purposes.
