The Bansal Multiflex IPO date has been confirmed to have started on June 30, 2017 and ended on July 4, 2017.
Bansal Multiflex is leveraging an IPO to secure Rs 12.35 crore in capital. Bansal Multiflex has set its IPO price at ₹31 per share, with a minimum application requirement of 4000 shares. Retail investors are expected to invest a minimum of ₹124,000.
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Bidding Dates
June 30-July 4
Price Range
₹31 per share
Face Value
₹10 per share
GMP
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Bansal Multiflex IPO GMP
The Bansal Multiflex Limited IPO GMP is [–].
IPO Overview
Bansal Multiflex’s IPO is priced at a fixed rate of Rs 6.20 crore. The Bansal Multiflex IPO began accepting bids on June 30, 2017, concluding on July 4, 2017. The NSE SME officially listed shares on July 12, 2017. Investors can purchase shares of Bansal Multiflex at ₹31 each during the IPO. 4000 shares constitute the required lot size for the application. Retail investors must allocate a minimum of ₹140,000.
BML’s Product portfolio comprises of Grey fabric, Cotton Fabric, Dress materials, Matching Twill Fabrics, Satin fabrics, Slub Satin Fabrics, Cotton Slub fabrics, Dobby fabrics, Meti fabrics, Jute Fabrics, Denim Fabric, Xford Fabrics, Rencho Fabrics, Micro Cotton Fabrics and Raymond Cotton Fabrics under the spectrum of fabric and cloth and Acid Slury (LABSA),AOS Chemicals, Caustic Flakes, Caustic Soda Flakes under the spectrum of chemicals.
Bansal Multiflex IPO Details
| IPO Date | June 30, 2017 to July 4, 2017 |
| Listing Date | July 12, 2017 |
| Face Value | ₹10 per share |
| Price | ₹31 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,000,000 shares (aggregating up to ₹6.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Bansal Multiflex Listing Day Trading Information
| Particulars | For the year or period ended (in Rs. Lacs) | ||||
|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 1981.94 | 58.93 | 18.36 | 130.47 | |
| Total Revenue | 1176.97 | 213.45 | 177.43 | 140.38 | |
| Profit After Tax | 37.72 | 2.11 | 1.35 | 0.40 | |
Bansal Multiflex IPO Company Financials
| Listing Date | July 12, 2017 |
| BSE Script Code | |
| NSE Symbol | BANSAL |
| ISIN | INE668X01018 |
| Final Issue Price | ₹31 per share |
Company Profile
Founded back in 2013, Bansal Multiflex Ltd. (BML) deals in cloth trading, various semi-furnished fabrics, and an array of finished fabrics. They also conduct trades involving different chemicals, especially those necessary for producing detergents and soaps. BML extends its operations by hiring third-party laborers to manage the processing of grey fabric, covering dyeing, bleaching, printing, and drying. The company sells semi-finished and finished goods to garment companies for use in the production of garments in the apparel industry.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Bansal Multiflex Ltd |
| Phone number | 079-25454570 |
| Email ID | [email protected] |
| Website | bansalmultiflex.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Bansal Multiflex IPO FAQs
When Bansal Multiflex IPO will open?
The Bansal Multiflex IPO opens on June 30, 2017 and closes on July 4, 2017.
What is the lot size of Bansal Multiflex IPO?
Bansal Multiflex IPO lot size is 4000 Shares, and the minimum amount required is ₹124,000.
When is Bansal Multiflex IPO listing date?
The Bansal Multiflex IPO listing date is on July 12, 2017.
