Bharat Wire Ropes IPO - To Invest or Skip

Bharat Wire Ropes Limited established in the year 1986 engaged in Manufacturing and Sales wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc.

Company is also engaged in the business of trading of the steel related products.

Companies existing steel wire ropes manufacturing facility has installed capacity of 12000 MTPA and is located in Atgaon, Maharashtra.

Company is an ISO 9001:2008 certified company by the British Standards Institution (BSI)   for the manufacture and supply of steel wire ropes, stainless steel wire ropes, non-ferrous wire ropes, slings, relevant conductors, wire for specialised applications and rope fittings in domestic and international market.

Company Profit and Loss Statement

Total consolidated revenue as on 31st March 2015 INR 7,672.21 Lacs.

Consolidated Net profit after tax for the year ended 31st March 2015 INR 197.53 Lacs.

Bharat Wire Ropes IPO Dates with Issue Price

Bharat Wire Ropes Limited has proposed a Initial Public Offer (IPO) between March 18 - March 22, 2016.

Company Name Bharat Wire Ropes Limited

Issue Period

March 18 - March 22, 2016.

Price Band

Rs. 40/- – Rs. 45/- per equity share.

Lot Size

300 shares & in multiple of 300 shares thereafter.

• Issue Size Rs.70 cr.
• Face Value Rs.10 each.
• Listing To be listed on NSE & BSE.
• Who Can Invest Resident Indian individuals, HUF, Companies, Corporate Bodies, Scientific Institutions, Societies and Trusts, NRIs, FPIs.