₹48.19 Crores | Listing at BSE, NSE | Mon, Jul 8, 2024 - Tue, Jul 30, 2024
Bhandari Hosiery Exports Ltd. Rights Issue comprises 7.66 Cr equity shares aggregating to ₹48.19 Cr, offered at an issue price of ₹6.26 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jun 19, 2024, with the Rights Issue being offered in the entitlement ratio of 15 : 32.
The term of payment is defined as following : The full amount of the Issue Price being Rs. 6.26 will be payable on application
The Rights Entitlements are expected to be credited to eligible demat accounts on .
The Rights Issue opens on Jul 8, 2024, and closes on Jul 30, 2024, with renunciation of Rights Entitlements permitted up to Jul 15, 2024.
The deemed date of allotment is [.] following which the equity shares are expected to be credited to demat accounts on and listed at the NSE and the BSE on [.].
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bhandari Hosiery Exports Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jun 19, 2024
Entitlement Ratio
15 : 32
Open Date
Mon, Jul 8, 2024
Close Date
Tue, Jul 30, 2024
The full amount of the Issue Price being Rs. 6.26 will be payable on application
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 | |||
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.
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue-related expenses for the following objects:
[Dilip Davda] The company is coming out with its 2nd Rights Issue since October 2023. It posted almost static performance for the reported periods. Based on its current financial standing, the RI is fully priced discounting all near term positives. It is operating in a highly competitive and fragmented segment. Lower Promoter’s holding raises concern. Off-late we are witnessing fancy for textile segment counters. Well-informed/cash surplus investors may park moderate funds in this “High Risk/Low Return” bet. Read detail review...
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 7,85,14,343 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jul 30 2024 17:00:00 | 6,82,69,016 | 1,02,45,327 | 7,85,14,343 | 1.02x |
Bhandari Hosiery Exports Ltd.
BHANDARI HOUSE, VILLAGE MEHARBAN,
RAHON ROAD,
LUDHIANA-141007
Ludhiana, Punjab, 141007
The Bhandari Hosiery Exports Rights Issue 2024 opens on Mon, Jul 8, 2024, and closes on Tue, Jul 30, 2024.
Bhandari Hosiery Exports Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Jun 27, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Jul 15, 2024 |
| Issue Opening Date | Mon, Jul 8, 2024 |
| Issue Closing Date | Tue, Jul 30, 2024 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
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)
Steps to apply for Bhandari Hosiery Exports Rights Issue 2024 using Registrar's website (R-WAP)
