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Founded in 1993, Bhandari Hosiery Exports Limited (BHEL) is engaged in the manufacture of knitwear and garments.
BHEL manufactures, processes and trades in knitwear and garments as well as dyed and undyed fabrics. The company's product list includes T-shirts, sweaters, sweatshirts, barmudas, polo shirts, tracksuits, pyjamas, undershirts, knitted women's tops with embroidery and prints, etc. These products are sold both on the domestic and foreign markets.
The company's manufacturing facility is located in Ludhiana, Punjab and is accredited and assessed by "amfori BSCI".
As of June 2024, the company had 385 employees.
Issue Open | July 8, 2024 - July 30, 2024 |
Security Name | Bhandari Hosiery Exports Ltd. |
Issue Size (Shares) | 76,611,591 |
Issue Size (Amount) | ₹48.19 Crores |
Issue Price | ₹6.26 per share |
Face Value | ₹1 per share |
Listing At | BSE, NSE |
Terms of Payment | The full amount of the Issue Price being Rs. 6.26 will be payable on application |
Entitlement | 15 Rights Equity Share(s) for every 32 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | June 18, 2024 |
Record Date | June 19, 2024 |
Credit of Rights Entitlements | June 27, 2024 |
Bid/Offer Opens On | July 8, 2024 |
Renunciation of Rights Entitlements | July 15, 2024 |
Bid/Offer Closes On | July 30, 2024 |
Deemed Date of Allotment | |
Credit Date | |
Listing Date |
Bhandari Hosiery Exports Ltd.'s revenue decreased by -5.74% and profit after tax (PAT) rose by 0.42% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 217.26 | 217.83 | |
Revenue | 267.06 | 283.31 | 283.44 |
Profit After Tax | 6.53 | 6.51 | 6.27 |
Net Worth | 99.59 | 87.12 | 81.55 |
Reserves and Surplus | 83.24 | 72.47 | 66.90 |
Total Borrowing | 116.72 | 104.32 | 113.91 |
Amount in ₹ Crore |
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue-related expenses for the following objects:
Bhandari Hosiery Exports Rights Issue 2024 got oversubscribed by 1.02 times by the end of the bidding period with total bid quantity received by BSE and NSE of 78,514,343 shares.
Bhandari Hosiery Exports Ltd.
BHANDARI HOUSE, VILLAGE MEHARBAN,
RAHON ROAD,
LUDHIANA-141007
Phone: +91-88720-16410
Email: bhandari@bhandariexport.com
Website: http://www.bhandariexport.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: bhandariexport.rights2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Bhandari Hosiery Exports Rights Issue 2024 opens on July 8, 2024, and closes on July 30, 2024.
Bhandari Hosiery Exports Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | June 27, 2024 |
Last Date for renunciation of Rights Entitlements | July 15, 2024 |
Issue Opening Date | July 8, 2024 |
Issue Closing Date | July 30, 2024 |
Date of Allotment (on or about) | |
Date of Credit (on or about) | |
Date of Listing (on or about) |
Bhandari Hosiery Exports Rights Issue 2024 price is set at ₹6.26 per share per equity share.
The eligible shareholders are being offered 15 Rights Equity Share(s) for every 32 fully paid-up Equity Shares held on Record Date (June 19, 2024).
The record date for the Bhandari Hosiery Exports Rights Issue 2024 is June 19, 2024.
The issue size of Bhandari Hosiery Exports Rights Issue 2024 is of 76,611,591 equity shares at ₹6.26 per share aggregating upto ₹48.19 Crores.
The Letter of Offer for Bhandari Hosiery Exports Rights Issue 2024 can be download here.
You can apply for Bhandari Hosiery Exports Rights Issue 2024 in two ways:
Steps to apply for Bhandari Hosiery Exports Rights Issue 2024 using Net Banking (ASBA)
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 Bhandari Hosiery Exports Rights Issue 2024 using Registrar's website (R-WAP)
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