Incorporated in 1986, Bharat Wire Ropes Ltd (BWR) is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in 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.
Company's steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. Company also have a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel its current manufacturing process.
Bharat Wire Ropes ltd is an ISO 9001:2008 certified company 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.
BWR's Strengths:
1. Experienced management team
2. Diversified product mix
3. Established player in the indian wire rope industry
4. Diversified client base
5. Pan-india customer base
6. Global reach
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Part finance to set up a New Unit at MIDC Zone, at Chalisgaon, Dist: Jalgaon , Maharashtra | ₹60 |
| 2 General Corporate Purposes | ₹6 |
| Metric | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
|---|---|---|---|
| Total Assets | 152 | 142 | 147 |
| Revenue | 77 | 82 | 74 |
| PAT | 2 | 2 | 1 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 11,083,335 (71%) | — |
| NII / HNI | — | 2,216,666 (14%) | — |
| Retail (RII) | — | 1,477,777 (10%) | — |
| Employee | — | 777,777 (5%) | — |
| Total | — | 15,555,555 (100%) | — |
* Amount calculated at upper price band (₹45) · ** Total includes all investor categories
- Retail allocation is weak at 10% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 71%.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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