Baheti Recycling Industries Limited IPO - Review, Status, Price, Open Date, Allotment, Lot Size

 

Baheti Recycling Industries Limited IPO

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Baheti Recycling Industries Limited IPO

Baheti Recycling Industries Limited was incorporated in the year 1994 to expand and combine the business activity. (BRIL) Group’s strong foundation was laid by the late Shri Bansilal Ramkishan Shah who started supplying scrap aluminum to the many aluminum producers in the country.
BRIL is also engaged in trading scrap stuff such as aluminum scrap, brass scrap, copper scrap, zinc scrap, etc. The company’s esteemed customers include ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, etc.
Aluminum is more environment-friendly than steel, plastic & other materials. It has widespread uses throughout the economy and is equally important to both the industrial and purchaser sectors.

Company Promoters:

• Mr. Shankerlal Bansilal Shah
• Mr. Balkishan Shankerlal Shah
• Mr. Yash Shankerbhai Shah

Objects of this Issue:

• Modernization and expansion of existing manufacturing unit.
• To meet Working Capital requirements
• General Corporate Purpose
• To meet issue expenses


Financial Information of the Company:

 Particulars

Amount in Lakhs (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

8,190.39

6,301.00

4,535.09

Total Liabilities

6,520.87

5,219.97

3,501.84

Net Profit

291.98

47.78

19.19

The offer:

Particulars

Shares Available for allotment

Issue Reserved for the Market maker

1,47,000 Equity Shares

 

Net Issue to the Public

 Retail Individual Investors

13,08,000 Equity Shares

Other than Retail Individual Investors

 13,05,000 Equity Shares

 

Net offer size

  27,60,000 Equity Shares


Baheti Recycling Industries Limited IPO Details

Issue Open

28 Nov 2022

Issue Close

30 Nov 2022

IPO Price

₹45 per equity share

Face Value

₹10 per equity share

IPO Size

₹12.42 Cr.

Listing At

NSE SME

IPO Lot Size

3000 Shares


Baheti Recycling Industries Limited IPO Promoter Holdings:

Pre-Issue Share Holding

99.98%

Post-Issue Share Holding

73.37%

 

Baheti Recycling Industries Limited IPO Schedule
1. Bid or Offer Opens on: 28 Nov 2022
2. Bid or Offer Closes on: 30 Nov 2022
3. Finalization of BoA: 05 Dec 2022
4. Initiation of Refunds: 06 Dec 2022
5. Credit of shares to Demat account: 07 Dec 2022
6. Listing Date: 08 Dec 2022

    Baheti Recycling Industries Limited IPO Lot Size

    Market lot size of the Baheti Recycling Industries Limited IPO is 4000 shares. Minimum and maximum order quantity is as follows:

    Application

    Lots

    Shares

    Amount

    Minimum

    1

    3000

    ₹135,000

    Maximum

    1

    3000

    ₹135,000

     

    Company Contact Details:
    Baheti Recycling Industries Limited
    A-2/3, L.R. Apartments,
    Opp. Police Commissioner Office, Shahibaug
    Ahmedabad – 380 004, Gujarat,

    Phone: +91-79-25627681/82
    Email: info@bahetiindustries.com
    Website: https://www.bahetiindustries.com

    Baheti Recycling Industries Limited IPO Registrar Details:
    Purva Sharegistry India Pvt Ltd
    9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower Parel (East),
    Mumbai – 400 011, Maharashtra, India

    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: http://www.purvashare.com

    Frequently Asked Question

    IPO application is an online process by using UPI or ASBA as payment method. ASBA IPO application is already available in the net banking of your respective bank account and UPI application is offered by your Stock broker, you can invest in Baheti Recycling Industries Limited IPO using any one of these method as per your convenience.
    Opening date of Baheti Recycling Industries Limited IPO is Nov 28, 2022
    Baheti Recycling Industries Limited IPO Shares will get listed at NSE SME.
    If allotted, you will receive Baheti Recycling Industries Limited IPO shares in your demat account on Dec 07, 2022.
    Per share price of Baheti Recycling Industries Limited IPO is ₹45.
    Baheti Recycling Industries Limited IPO shares will get listed on Dec 08, 2022.
    Pre-issue shareholding of the Baheti Recycling Industries Limited IPO promoter is 99.98%.
    Face value of Baheti Recycling Industries Limited IPO is ₹10 per share.
    Lot size of the Baheti Recycling Industries Limited IPO is 3000 shares.
    Post-issue shareholding of the Baheti Recycling Industries Limited IPO promoter is 73.37%.
    Closing date of Baheti Recycling Industries Limited IPO is Nov 30, 2022.
    If you do not get the allotment of Baheti Recycling Industries Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.