B.C.Power Controls To Go Public

B.C.Power Controls To Go Public

Wire and cable manufacturer B.C Power Controls is issuing 57.6 Lac shares at R18 to raise R10.368 Cr from the public.

The company which plans to list on the SME platform of BSE seeks to use the proceeds for meeting working capital requirement and other corporate purposes.  Sarathi Capital Advisors are managing the issue for the company.  The Rajasthan based company is promoted by Arun Kumar Jain and Harshit Jain.

Incorporated in 2008 to manufacture and trade cables, B.C.Power today has a diversified product portfolio which include armoured cable, unarmoured cable, flexible & house wires, submersible cable, control & instrumentation cable.

The company has a manufacturing plant of 4000 Sq. Mtr located in Rajasthan.  It also has various trademarks which are in the process of registration like Bonlon, Natcab.

The company recorded a PAT of R4.84 lac on a income of R22 Cr for the last fiscal and it also had a net worth of R8.4 Cr as on March 2013.

Wire and cable industry comprises 40% of the entire electrical industry, which is expected to double in size over the next five years. The industry is growing at a CAGR of 15% as a result of growth in the power and infrastructure segments.

Recently cable and wire manufacturer Tentiwal Wires had also filed for IPO on the same platform.


source wireworld