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Bharat Gears Limited Rights Issue (Bharat Gears Rights Issue) Detail

Nov 22, 2021 - Dec 6, 2021
Bharat Gears Limited Logo

Incorporated in the year 1971, Bharat Gears Ltd. is one of the most reputed companies in gears technology and one of the largest gear manufacturers in India. The company is engaged in the manufacturing of a wide range of ring gears and pinions, transmission gears and shafts, differential gears, gearboxes majorly for the automotive industry. The company's manufacturing business can be broadly categorized into 3 segments: Gears, Automotive Components and Furnaces.

India being the primary market, the company is also growing its exports to North America, the European market, and some other countries. Bharat Gear's customer list includes some of the prominent players in the domestic automobile industry and some key players in the international markets in the tractors, trucks, construction equipment, buses, and utility vehicle segments. Company's business operations and products primarily cater to the B2B segment.

Bharat Gears Rights Issue Detail

Issue Open Nov 22, 2021 - Dec 6, 2021
Security Name Bharat Gears Limited
Issue Size (Shares) 0.09 Crores
Issue Size (Amount) ₹9.77 Crores
Issue Price ₹105 per share
Face Value ₹10 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs. 105/- per equity share is payable on application.
Entitlement 1 equity share for every 10 fully paid-up equity share held on the record date

Bharat Gears Rights Issue Issue Timetable

Bid/Offer Opens On Nov 22, 2021
Bid/Offer Closes On Dec 6, 2021
Record Date Oct 29, 2021
Deemed Date of Allotment Dec 16, 2021
Renunciation of Rights Entitlements Dec 2, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 3,836.31 3,741.40
Total Income 5,043.96 4,679.95
Profit After Tax -77.00 -187.77

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:

  • Meet part of the working capital requirements
  • Meet expenses for the Issue

Bharat Gears Rights Issue Documents

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Company Contact Information

Bharat Gears Limited
20 K.M. Mathura Road,
P.O. Amar Nagar,
Faridabad - 121 003, Haryana

Phone: +91 129 428 8888
Email: info@bglindia.com
Website: http://www.bharatgears.com/

Bharat Gears Rights Issue Registrar

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

Bharat Gears Rights Issue Lead Manager(s)

Bharat Gears Rights Issue FAQs

The Bharat Gears Rights Issue opens on Nov 22, 2021, and closes on Dec 6, 2021.

Bharat Gears Rights Issue Schedule

Last Date for credit of Rights EntitlementsNov 20, 2021
Last Date for renunciation of Rights EntitlementsDec 2, 2021
Issue Opening DateNov 22, 2021
Issue Closing DateDec 6, 2021
Date of Allotment (on or about)Dec 16, 2021
Date of Credit (on or about)Dec 20, 2021
Date of Listing (on or about)Dec 21, 2021

Bharat Gears Rights Issue price is set at ₹105 per share per equity share.

The eligible shareholders are being offered 1 equity share for every 10 fully paid-up equity share held on the record date (Oct 29, 2021).

The record date for the Bharat Gears Rights Issue is Oct 29, 2021.

The issue size of Bharat Gears Rights Issue is of 0.09 Crores equity shares at ₹105 per share aggregating upto ₹9.77 Crores.

The Letter of Offer for Bharat Gears Rights Issue can be download here.

You can apply for Bharat Gears Rights Issue in two ways:

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

Steps to apply for Bharat Gears Rights Issue 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 Bharat Gears Rights Issue available on the list.
  4. Click the Apply button next to the Bharat Gears Rights Issue.
  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 Bharat Gears Rights Issue using Registrar's website (R-WAP)

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

1 Comments

1. Susheel  Dec 1, 2021 10:14:19 AM I Like It. | Report Abuse Reply
Can anyone tell why the price of Right Issue is trading at such high price, today it is more than the price of underlying share.