IPO Issue Details
Issue Price / Price Band₹18 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size57,60,000 shares (aggregating up to ₹10.37 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 24 Feb 2014
Subscription CloseFri, 28 Feb 2014
Anchor AllotmentSun, 23 Feb 2014
Basis of AllotmentThu, 06 Mar 2014
Initiation of RefundsFri, 07 Mar 2014
Credit of Shares to DematFri, 07 Mar 2014
Listing DateFri, 14 Mar 2014
UPI Mandate Deadline2014-02-28
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 8,000 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 16,000 shares
Net Offer to Public54,72,000 shares (aggregating up to ₹9.85 Cr)
Reserved for Market Maker2,88,000 shares (aggregating up to ₹0.5184 Cr)
Pre-IPO Promoter Holding60,00,000 shares
Post-IPO Promoter Holding1,17,60,000 shares
About B.C.Power Controls Ltd.
Incorporated in 2008, B C Power Controls Ltd is is one of the leading players in the Wire & Cable Industry and is among the largest Wire & Cable manufacturers in India.They are one of the leading manufacturers of Wires & Cables which include Armoured Cable, Unarmoured Cable, Flexible & House Wires, Submersible Cable, Control & Instrumentation Cable. These are manufactured using quality material which is checked at every stage of production by our highly experienced quality controllers. In the year 2010, the Company made the backwards integration installing the Copper and Aluminium wire drawing facility which, in turn, added value to the organization in terms of economies of scale and production of Copper and Aluminium wires.
Objects of the Issue
B.C.Power Controls Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
8.50
2
2 General Corporate Purposes
1.32
Shareholding & Lock-in
Pre-IPO Promoter Holding
60,00,000 shares
Post-IPO Promoter Holding
1,17,60,000 shares