₹45.11 Crores | Listing at BSE, NSE | Tue, Apr 2, 2024 - Mon, Apr 15, 2024
Balkrishna Paper Mills Ltd Rights Issue comprises 2.15 Cr equity shares aggregating to ₹45.11 Cr, offered at an issue price of ₹21 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Mar 15, 2024, with the Rights Issue being offered in the entitlement ratio of 2 : 1.
The term of payment is defined as following : Full amount of Rs. 21/- per Equity Share is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Apr 2, 2024, and closes on Apr 15, 2024, with renunciation of Rights Entitlements permitted up to Apr 8, 2024.
The deemed date of allotment is Apr 22, 2024, following which the equity shares are expected to be credited to demat accounts on Apr 26, 2024 and listed at the NSE and the BSE on May 2, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Balkrishna Paper Mills Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Mar 15, 2024
Entitlement Ratio
2 : 1
Open Date
Tue, Apr 2, 2024
Close Date
Mon, Apr 15, 2024
Full amount of Rs. 21/- per Equity Share is payable on application.
Balkrishna Paper Mills Ltd's revenue decreased by -55.25% and profit after tax (PAT) dropped by -1006.66% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 134.80 | 187.04 |
| Revenue | 109.45 | 244.59 |
| Profit After Tax | -51.88 | -4.69 |
| Reserves and Surplus | -160.97 | -109.09 |
| Amount in ₹ Crore | ||
Balkrishna Paper Mills Limited was founded in 2013 and manufactures paper and board based on recycled pulp. The company was previously known as Nirvikara Paper Mills Limited.
The company's production facility is located in Ambivali, Maharashtra, and has a total capacity of 60,000 TPA.
Competitive strengths:
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
[Dilip Davda] Though this RI is at a moderate discount to its current market price, considering its financial performances for the reported periods, the issue is exorbitantly priced. Over three times paid-up equity post RI also indicates its servicing issue as company has been incurring losses currently. There is no harm in skipping this pricey bet. Read detail review...
Balkrishna Paper Mills Rights Issue 2024 got oversubscribed by 1.06 times by the end of the bidding period with total bid quantity received by BSE and NSE of 2,27,01,053 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Apr 15 2024 17:00:00 | 2,18,48,771 | 8,52,282 | 2,27,01,053 | 1.06x |
Balkrishna Paper Mills Ltd
A/7, Trade World,
Kamala City, Senapati Bapat Marg,
Lower Parel, Mumbai - 400 013
Mumbai, Maharashtra, 400013
Purva Sharegistry (India) Pvt.Ltd.
The Balkrishna Paper Mills Rights Issue 2024 opens on Tue, Apr 2, 2024, and closes on Mon, Apr 15, 2024.
Balkrishna Paper Mills Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Apr 8, 2024 |
| Issue Opening Date | Tue, Apr 2, 2024 |
| Issue Closing Date | Mon, Apr 15, 2024 |
| Date of Allotment (on or about) | Mon, Apr 22, 2024 |
| Date of Credit (on or about) | Fri, Apr 26, 2024 |
| Date of Listing (on or about) | Thu, May 2, 2024 |
You can apply for Balkrishna Paper Mills Rights Issue 2024 in two ways:
Steps to apply for Balkrishna Paper Mills Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Balkrishna Paper Mills Rights Issue 2024 using Registrar's website (R-WAP)
