₹6.02 Crores | Listing at BSE | Fri, Jun 9, 2023 - Tue, Jun 20, 2023
Bhakti Gems and Jewellery Limited Rights Issue comprises 0.5013 Cr equity shares aggregating to ₹6.02 Cr, offered at an issue price of ₹12 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is May 31, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : The full amount of the Issue Price being Rs. 12/- will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jun 9, 2023, and closes on Jun 20, 2023, with renunciation of Rights Entitlements permitted up to Jun 15, 2023.
The deemed date of allotment is Jun 23, 2023, following which the equity shares are expected to be credited to demat accounts on Jun 26, 2023 and listed at the BSE on Jun 27, 2023.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bhakti Gems and Jewellery Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, May 31, 2023
Entitlement Ratio
1 : 2
Open Date
Fri, Jun 9, 2023
Close Date
Tue, Jun 20, 2023
The full amount of the Issue Price being Rs. 12/- will be payable on application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 22.62 | 67.95 | 0.26 |
| 31-Mar-22 | 29.97 | 88.97 | 0.88 |
| Amount in ₹ Crore | |||
Incorporated in 2010, "Bhakti Gems and Jewellery Limited" is an integrated Manufacturer and Wholesaler of branded Jewellery & Ornaments. The company primarily operates from Ahmedabad, Gujarat.
The company's portfolio of products includes a wide and versatile range of Gold jewelry with or without studded precious and semi-precious stones. These products include:
Rings, Chains, Bracelets, Mangalsutra, Necklaces, Zuda, Ear chains, Toe rings, Earrings, anklets, Pendants, Bangles, and many other ornaments and jewelry items.
The Jewelleries and ornaments designs express the Traditional, Modern & Indo-Western styles. These jewelry ornaments are made according to the demand from the customers. The company has a diverse portfolio of Ornaments and Jewellery based on the regional diversity of tastes and preferences.
Their gold and traditional jewelry are either made with kundan, gemstones, American diamonds, etc, or just plain gold.
Bhakti Gems and Jewellery source its raw materials from local markets in Ahmedabad.
The company intends to utilize the proceeds from the net issue for the following objects:
[Dilip Davda] The company is engaged in the highly competitive and fragmented segment of jewellery manufacturing and marketing. Its financial performance so far has been average with varying margins. The RI is fully priced based on its financial data. There is no harm in skipping this pricey bet. Read detail review...
Bhakti Gems and Jewellery Limited
209, Balaji Paragon, Besides Axis Bank,
Swagat Char Rasta Off C.G. Road,
Ahmedabad-9
Ahmedabad, Gujarat
Skyline Financial Services Pvt.Ltd.
The Bhakti Gems and Jewellery Rights Issue 2023 opens on Fri, Jun 9, 2023, and closes on Tue, Jun 20, 2023.
Bhakti Gems and Jewellery Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Thu, Jun 15, 2023 |
| Issue Opening Date | Fri, Jun 9, 2023 |
| Issue Closing Date | Tue, Jun 20, 2023 |
| Date of Allotment (on or about) | Fri, Jun 23, 2023 |
| Date of Credit (on or about) | Mon, Jun 26, 2023 |
| Date of Listing (on or about) | Tue, Jun 27, 2023 |
You can apply for Bhakti Gems and Jewellery Rights Issue 2023 in two ways:
Steps to apply for Bhakti Gems and Jewellery Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Bhakti Gems and Jewellery Rights Issue 2023 using Registrar's website (R-WAP)
