Benara Bearings & Pistons Ltd.
 
A- 3 & 4, Site- B, Industrial Area, Sikandra, Agra, Uttar Pradesh - 282007
Phone: 2970158 Fax: 2970158

Public Issue of 5316000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 53.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
20/03/201822/03/201863.00 -
Lead Managers Registrar Listed at
PANTOMATH CAPITAL ADVISORS PVT. LTD.
Bigshare Services Pvt Ltd.
Bharat Tin Works Building,
1st Floor, Opp.Vasant Oasis,, Makwana Road,
Mumbai, Maharashtra - 400059
Phone: 62638200 Fax: 62638299
BSE
Object of the issue

Requirement of Funds

The proceeds of the Issue, after deducting Issue related expenses, are estimated to be lakhs the?Net Proceeds)

We intend to utilize the Net Proceeds towards the following objects:

1. Expansion of the Company by way of opening retail stores for automobile parts across the country,

2. Funding the working capital requirements of the Subsidiary Company-Benara Solar Private Limited (BSPL),

3. Funding the working capital requirements of the Company,

4. General Corporate Purposes.

Promoted by

The Promoters of the Company are Mr. Panna Lal Jain and Mr. Vivek Benara

1. Mr. Panna Lal Jain: his aged 71 years, has been associated with the Company since incorporation. He is the chairman non-executive Director of the Company. He is one of the co-founder/Promoter and the Chairman and Managing Director of the Company. Mr. PannaLal Jainis the driving force behind the brand name of the Company "BENARA". Mr. PannaLal Jainholds a degree in Bachelors of Engineering from IIT Roorkee and has over 45 years of experience in bearing industry. His knowledge and understanding coupled with his vision and drive to promote the growth of the Company is the motivating factor for establishing the brand name "BENARA" in the bearing industry. With the support of Mr. PannaLal Jain, the Company has been able to accomplish its presence in India as well as in the International market.

Nationality: Indian

PAN: ACLPJ8868Q

Passport No: P1943796

DIN:00204869

Address: House No. 1/205, Hari Parvat, Professor Colony, Agra, Civil Line, Uttar Pradesh 282002.

2. Mr. Vivek Benara: his aged 44 years, has been associated with the Company since December 24, 2015. He is the Managing Director of the Company. He holds a Bachelor’s degree in Mechanical Engineering from University of Pune. He has over 20 years of experience in the field of Auto Component Industry including production of Pistons, Piston Pins, Piston Rings, Cylinder Liners, Sleeves and Air Cooled Blocks, Real Estate/Retailing. Besides, he has ventured into solar power business of the group in January 2016. He is responsible for the Company’s strategic financial planning, relationship building, promoting the brand, building the team and promoting the sales of the Company in the national and international markets. He is overall responsible for project management, research and analysis in the automotive industry and customer relationship.

Nationality: Indian

PAN: AERPB3798K

Passport No: Z3153964

Voter ID:SZX0374975

DIN:00204647