₹83.84 Crores | Listing at BSE, NSE | Tue, Apr 19, 2022 - Wed, May 4, 2022
Bhagiradha Chemicals and Industries Limited Rights Issue comprises 0.2096 Cr equity shares aggregating to ₹83.84 Cr, offered at an issue price of ₹400 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 9, 2022.
As per the terms of payment, ₹400 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 18, 2022.
The Rights Issue opens on Apr 19, 2022, and closes on May 4, 2022, with renunciation of Rights Entitlements permitted up to Apr 28, 2022.
The deemed date of allotment is May 10, 2022, following which the equity shares are expected to be credited to demat accounts on May 12, 2022 and listed on NSE and BSE on May 13, 2022.
Emkay Global Financial Services Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bhagiradha Chemicals and Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Apr 9, 2022
Entitlement Ratio
:
Open Date
Tue, Apr 19, 2022
Close Date
Wed, May 4, 2022
| Particulars | For the year/period ended (Rs in millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||||
| Total Assets | 2,731.73 | 2,252.65 | |||
| Total Revenue | 3,185.36 | 2,473.42 | |||
| Profit After Tax | 233.19 | 65.07 | |||
Incorporated in 1993, Bhagiradha Chemicals & Industries Limited is a manufacturer of pesticides for crop protection. The company manufactures high-quality pesticides like insecticides, herbicides and fungicides. The company's manufacturing facility is located at Ongole, Prakasam District, in Andhra Pradesh with an annual capacity of 3250 Tonnes. Bhagiradha Chemicals & Industries has manufactured around 28 different products including speciality intermediates and formulations which are sold in India. Since 2017, the company has exported their products to 23 countries including Argentina, Australia, Brazil, Egypt, Germany, Indonesia, Israel, Portugal, the United Kingdom and the USA.
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
[Dilip Davda] The company is dividend-paying and is engaged in the pesticides segment which has been faring well and is poised for bright prospects ahead. Based on its current market price, this RI is lucratively priced. The company has posted growing earnings for the last 21 months of financial performance. Prospects of a good monsoon this year augur well for this company. Investors should grab this opportunity of expanding their holdings while subscribing to this reasonably priced RI. Read detail review...
Bhagiradha Chemicals and Industries Limited
8-2-269/S/3/A, Plot No. 3,
Sagar Society, Road No. 2,
Banjara Hills, Hyderabad – 500034,
Hyderabad, Telangana, 500034
The Bhagiradha Chemicals Rights Issue 2022 opens on Tue, Apr 19, 2022, and closes on Wed, May 4, 2022.
Bhagiradha Chemicals Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Apr 18, 2022 |
| Last Date for renunciation of Rights Entitlements | Thu, Apr 28, 2022 |
| Issue Opening Date | Tue, Apr 19, 2022 |
| Issue Closing Date | Wed, May 4, 2022 |
| Date of Allotment (on or about) | Tue, May 10, 2022 |
| Date of Credit (on or about) | Thu, May 12, 2022 |
| Date of Listing (on or about) | Fri, May 13, 2022 |
You can apply for Bhagiradha Chemicals Rights Issue 2022 in two ways:
Steps to apply for Bhagiradha Chemicals Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Bhagiradha Chemicals Rights Issue 2022 using Registrar's website (R-WAP)
