₹9.37 Crores | Listing at BSE, NSE | Fri, Dec 31, 2021 - Fri, Jan 14, 2022
Beardsell Limited Rights Issue comprises 0.9366 Cr equity shares aggregating to ₹9.37 Cr, offered at an issue price of ₹10 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Dec 17, 2021.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 24, 2021.
The Rights Issue opens on Dec 31, 2021, and closes on Jan 14, 2022, with renunciation of Rights Entitlements permitted up to Jan 10, 2022.
The deemed date of allotment is Jan 24, 2022, following which the equity shares are expected to be credited to demat accounts on Jan 25, 2022 and listed on NSE and BSE on Jan 28, 2022.
Saffron Capital Advisors Pvt.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 Beardsell Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 17, 2021
Entitlement Ratio
:
Open Date
Fri, Dec 31, 2021
Close Date
Fri, Jan 14, 2022
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 30-Sep-21 | 31-Mar-20 | ||
| Total Assets | 1,209.29 | 1,230.85 | |
| Total Income | 827.25 | 476.73 | |
| Profit After Tax | 6.04 | - 27.07 | |
Incorporated in 1936, Beardsell Limited is engaged in the manufacture and marketing of a variety of thermal insulation and packaging products, mainly Expanded Polystyrene (EPoS) and rigid and flexible Polyurethane Foam (PUF). The company provides services for packaging, thermal insulation, and pre-fabricated metal sheet, and EPoS core buildings and panels. It is also engaged in insulation contracting services and manufactures specialized thermally insulated doors and windows for cold storage and clean rooms. The company also cater to the construction industry and manufacture and market pre-fabricated metal sheet and EPoS core buildings and panels.
Beardsell currently has 7 manufacturing units and 9 marketing offices, across India and branches in all the major cities. The company's customers include Samsung, Haeir, LG Electronics, Nokia, Greaves Cotton, Butterfly Home Appliances, TAFE.
Competitive Strengths:
[Dilip Davda] Based on its financial data for the reported periods, the issue appears fully priced. Inconsistency in its top and bottom lines are a major concern. Cash surplus investors may consider an investment with a long term perspective. Read detail review...
Beardsell Limited
47, Greames Road,
Chennai, 600006,
Tamil Nadu India
Indi, Karnataka, 600006
The Beardsell Rights Issue opens on Fri, Dec 31, 2021, and closes on Fri, Jan 14, 2022.
Beardsell Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Dec 24, 2021 |
| Last Date for renunciation of Rights Entitlements | Mon, Jan 10, 2022 |
| Issue Opening Date | Fri, Dec 31, 2021 |
| Issue Closing Date | Fri, Jan 14, 2022 |
| Date of Allotment (on or about) | Mon, Jan 24, 2022 |
| Date of Credit (on or about) | Tue, Jan 25, 2022 |
| Date of Listing (on or about) | Fri, Jan 28, 2022 |
You can apply for Beardsell Rights Issue in two ways:
Steps to apply for Beardsell Rights Issue using Net Banking (ASBA)
Steps to apply for Beardsell Rights Issue using Registrar's website (R-WAP)
