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Bhagiradha Chemicals and Industries Limited Rights Issue (Bhagiradha Chemicals Rights Issue 2022) Detail

April 19, 2022 - May 4, 2022
Bhagiradha Chemicals and Industries Limited Logo

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.

Bhagiradha Chemicals Rights Issue 2022 Detail

Issue Open April 19, 2022 - May 4, 2022
Security Name Bhagiradha Chemicals and Industries Limited
Issue Size (Shares) 2,095,924
Issue Size (Amount) ₹83.84 Crores
Issue Price ₹400 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

Investors will have to pay the full amount of Rs 400 on the application.

Entitlement 4 Rights Equity Shares for every 17 fully paid-up Equity Shares held on the Record Date

Bhagiradha Chemicals Rights Issue 2022 Issue Timetable

Record Date April 9, 2022
Credit of Rights Entitlements April 18, 2022
Bid/Offer Opens On April 19, 2022
Renunciation of Rights Entitlements April 28, 2022
Bid/Offer Closes On May 4, 2022
Deemed Date of Allotment May 10, 2022
Credit Date May 12, 2022
Listing Date May 13, 2022

Company Financials

Summary of financial Information (Consolidated)
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

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

  1. Working capital requirement.
  2. Repayment/pre-payment, in full or part, of certain borrowings.
  3. General corporate purposes.

Bhagiradha Chemicals Rights Issue 2022 Documents

Bhagiradha Chemicals Rights Issue 2022 Rating

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Company Contact Information

Bhagiradha Chemicals and Industries Limited
8-2-269/S/3/A, Plot No. 3,
Sagar Society, Road No. 2,
Banjara Hills, Hyderabad – 500034,

Phone: +91 40 4222 1212
Email: info@bhagirad.com
Website: http://www.bhagirad.com/

Bhagiradha Chemicals Rights Issue 2022 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: bhagiradha.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Bhagiradha Chemicals Rights Issue 2022 Lead Manager(s)

Bhagiradha Chemicals Rights Issue 2022 FAQs

The Bhagiradha Chemicals Rights Issue 2022 opens on April 19, 2022, and closes on May 4, 2022.

Bhagiradha Chemicals Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsApril 18, 2022
Last Date for renunciation of Rights EntitlementsApril 28, 2022
Issue Opening DateApril 19, 2022
Issue Closing DateMay 4, 2022
Date of Allotment (on or about)May 10, 2022
Date of Credit (on or about)May 12, 2022
Date of Listing (on or about)May 13, 2022

Bhagiradha Chemicals Rights Issue 2022 price is set at ₹400 per share per equity share.

The eligible shareholders are being offered 4 Rights Equity Shares for every 17 fully paid-up Equity Shares held on the Record Date (April 9, 2022).

The record date for the Bhagiradha Chemicals Rights Issue 2022 is April 9, 2022.

The issue size of Bhagiradha Chemicals Rights Issue 2022 is of 2,095,924 equity shares at ₹400 per share aggregating upto ₹83.84 Crores.

The Letter of Offer for Bhagiradha Chemicals Rights Issue 2022 can be download here.

You can apply for Bhagiradha Chemicals Rights Issue 2022 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Bhagiradha Chemicals Rights Issue 2022 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Bhagiradha Chemicals Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Bhagiradha Chemicals Rights Issue 2022.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Bhagiradha Chemicals Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Bhagiradha Chemicals Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

3 Comments

3. BHASKAR DATTA     Link|April 30, 2022 11:44:17 PM
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2. BHASKAR DATTA     Link|April 30, 2022 11:42:11 PM
Collecting Banks at Kolkata in physical mode.
1. chchar     Link|April 19, 2022 12:52:16 PM
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