BEW Engineering Limited is another entity from the SME segment that has come up with an IPO of its own. It has recently filed its Red Herring Prospectus with the SEBI. Here are some of the BEW Engineering Ltd IPO details that you need to know.
About the company
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.
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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.
Conclusion
Having a demat account is mandatory for investing in the stock market. If you would like to invest in this IPO, then make sure to visit the website of Motilal Oswal right away. You can open a demat account and an online trading account for free within minutes!
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With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.
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