₹9.00 Crores | Listing at BSE | Wed, Jul 12, 2023 - Thu, Jul 20, 2023
Bandaram Pharma Packtech Limited Rights Issue comprises 0.9000 Cr equity shares aggregating to ₹9.00 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jun 30, 2023, with the Rights Issue being offered in the entitlement ratio of 3 : 1.
The term of payment is defined as following : The Full amount of Rs. 10/- for rights equity shares will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jul 12, 2023, and closes on Jul 20, 2023, with renunciation of Rights Entitlements permitted up to Jul 17, 2023.
The deemed date of allotment is Jul 26, 2023, following which the equity shares are expected to be credited to demat accounts on Jul 31, 2023 and listed at the BSE on Aug 3, 2023.
Bajaj Capital Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bandaram Pharma Packtech Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jun 30, 2023
Entitlement Ratio
3 : 1
Open Date
Wed, Jul 12, 2023
Close Date
Thu, Jul 20, 2023
The Full amount of Rs. 10/- for rights equity shares will be payable on application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 3.00 | -0.01 | |
| 31-Mar-23 | 20.17 | 18.92 | 0.26 |
| Amount in ₹ Crore | |||
Incorporated in 1991, Bandaram Pharma Packtech Limited delivers its offerings in the paper industry. The company engages in the processing and supply of recycled paper.
The company supplies various categories of recycled paper, both imported and indigenous, to small as well as medium-sized paper mills. These supplies are primarily made in the East & West Godavari Districts of Andhra Pradesh.
Bandaram Pharma Packtech Ltd has firmly established itself as a reputable supplier and has entered into long-term supply contracts with several manufacturers of recycled paper.
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
[Dilip Davda] Though this RI is at par, it appears to be a “High Risk/Low Return” bet. It has turned the corner for FY23, and promoters’ holding is at 75%, these are the two positive aspects. The counter is under GSM-Stage 4 with restricted trade. Quantum jump in its paid-up capital post-RI raises concern over servicing. Hence, well-informed investors may park funds for long-term rewards. Read detail review...
Bandaram Pharma Packtech Limited
601, 5th Floor, Oxford Towers,
Opp to Leela Palace Hotel, Old Airport Road,
Kodihalli, Bengaluru - 560008
Bengaluru, Karnataka, 560008
The Bandaram Pharma Packtech Rights Issue 2023 opens on Wed, Jul 12, 2023, and closes on Thu, Jul 20, 2023.
Bandaram Pharma Packtech Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Jul 17, 2023 |
| Issue Opening Date | Wed, Jul 12, 2023 |
| Issue Closing Date | Thu, Jul 20, 2023 |
| Date of Allotment (on or about) | Wed, Jul 26, 2023 |
| Date of Credit (on or about) | Mon, Jul 31, 2023 |
| Date of Listing (on or about) | Thu, Aug 3, 2023 |
You can apply for Bandaram Pharma Packtech Rights Issue 2023 in two ways:
Steps to apply for Bandaram Pharma Packtech Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Bandaram Pharma Packtech Rights Issue 2023 using Registrar's website (R-WAP)
