₹7.61 Crores | Listing at BSE, NSE | Tue, Oct 3, 2023 - Fri, Oct 13, 2023
Bhandari Hosiery Exports Limited Rights Issue comprises 1.69 Cr equity shares aggregating to ₹7.61 Cr, offered at an issue price of ₹4.5 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Sep 23, 2023, with the Rights Issue being offered in the entitlement ratio of 3 : 26.
The term of payment is defined as following : The full amount of the Issue Price Rs. 4.50/- will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Oct 3, 2023, and closes on Oct 13, 2023, with renunciation of Rights Entitlements permitted up to Oct 11, 2023.
The deemed date of allotment is Oct 20, 2023, following which the equity shares are expected to be credited to demat accounts on Oct 23, 2023 and listed at the NSE and the BSE on Oct 26, 2023.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bhandari Hosiery Exports Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Sep 23, 2023
Entitlement Ratio
3 : 26
Open Date
Tue, Oct 3, 2023
Close Date
Fri, Oct 13, 2023
The full amount of the Issue Price Rs. 4.50/- will be payable on application.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 205.13 | 207.29 | 217.83 | 217.26 |
| Revenue | 277.54 | 226.06 | 283.44 | 283.31 |
| Profit After Tax | 5.31 | 1.67 | 6.27 | 6.51 |
| Net Worth | 75.43 | 81.55 | 87.12 | |
| Reserves and Surplus | 60.78 | 66.90 | 72.47 | |
| Total Borrowing | 114.44 | 113.91 | 104.32 |
Bhandari Hosiery Exports Limited (BHEL) is engaged in the business of manufacturing Knitted Fabric and Garments.
BHEL manufactures, processes, and trades knitted fabric and garments, as well as dyed and undyed fabrics. The company's product list includes t-shirts, pullovers, sweatshirts, barmudas, polo shirts, tracksuits, pajamas, lowers, ladies' knitted tops with embroidery and prints, etc. These products are sold in domestic as well as overseas markets.
The company's manufacturing unit is located in Ludhiana, Punjab, with a capacity of 15 tonnes per day (TPD) fabric knitting, a 20 TPD Fabric 57 Dying, and 20 TPD fabric stentor and compactor processing along with 7,000 units per day garment manufacturing. Part of the dying and processing capacity is also used for job work. The manufacturing unit of the company is accredited and rated by "amfori BSCI".
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company has posted static financial data for the last two fiscals. The promoters’ holding below 25% remains a major concern. It is operating in a competitive and fragmented segment. Well-informed/risk seekers may park funds for the long-term rewards. Read detail review...
Bhandari Hosiery Exports Rights Issue 2023 got oversubscribed by 2.77 times by the end of the bidding period with total bid quantity received by BSE and NSE of 4,68,86,734 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Oct 13 2023 17:00:03 | 4,44,16,069 | 24,70,665 | 4,68,86,734 | 2.77x |
Bhandari Hosiery Exports Limited
Bhandari House, Village Meharban
Rahon Road,
Ludhiana - 141007
Ludhiana, Punjab, 141007
The Bhandari Hosiery Exports Rights Issue 2023 opens on Tue, Oct 3, 2023, and closes on Fri, Oct 13, 2023.
Bhandari Hosiery Exports Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Wed, Oct 11, 2023 |
| Issue Opening Date | Tue, Oct 3, 2023 |
| Issue Closing Date | Fri, Oct 13, 2023 |
| Date of Allotment (on or about) | Fri, Oct 20, 2023 |
| Date of Credit (on or about) | Mon, Oct 23, 2023 |
| Date of Listing (on or about) | Thu, Oct 26, 2023 |
You can apply for Bhandari Hosiery Exports Rights Issue 2023 in two ways:
Steps to apply for Bhandari Hosiery Exports Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Bhandari Hosiery Exports Rights Issue 2023 using Registrar's website (R-WAP)
